RES 90196 - Laserfiche WebLink

Income Because of the rapid rate with which new employees are relocating to Pleasanton, it is difficult to obtain an accurate estimate of job classification and salary levels of people working in Pleasanton businesses. As of the 1980 census, Pleasanton's median income for households was $28,718 or 44% greater than the Bay Area median income of $20,018. Table IV-5 compares the 1980 income distribution to 1990 income levels. As of 1990, ABAG estimates that the average income in Pleasanton is $52,700 which is 31% greater than Alameda County and 14% higher than the Bay Area. Although 1990 census figures are not yet available, residential purchase and rental trends indicate a greater proportion of upper income families (large single family homes) and lower income families (apartments and condominiums) and a decrease in moderate income households. In the future, household incomes in Pleasanton are projected to increase in relative proportion to those elsewhere in Alameda County. ABAG (3) projects that mean household incomes in Pleasanton will reach $60,400 (in 1988 dollars) compared with $46,900 for Alameda County by the year 2005. Therefore, Pleasanton residents will continue to enjoy a greater income than most cities in Alameda County. Housing Element Policies 7, 8, and 9 include specific objectives for meeting the needs of all income level households within Pleasanton. HOUSING NEEDS Reqional Housinq Needs California housing law requires every City to analyze population and employment trends and quantify housing needs for all income levels including the City's share of regional housing. The Association of Bay Area Governments (ABAG) has established Pleasanton's contribution to rmgion&l housing needs as 3,547 units. ABAG has determined this need according to various income levels over the period 1988-1995. Pleasanton's 3,547 units represent roughly the number of housing units needed to meet ABAG's population projections for Pleasanton to the year 1995. Although the City is not required to build these units, the State requires a good faith effort to provide sufficient opportunities for meeting these housing needs. Since 1980, Pleasanton has exceeded its share of regional housing in every income category except very low, as shown in Table IV-6. A detailed evaluation of Pleasanton's progress towards meeting regional needs is contained in the Supplement to the Housing Element (2). IV-9