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D. Household Income
• Children living in a housing cost burden environment, including living in homes that are in foreclosure or in tax delinquency, are more likely to receive inferior kindergarten readiness scores than children living in a stable housing environment; and • Children living in a crowded household are less likely to graduate from high school and tend to have lower educational attainment by age 25.
Orange County’s household population is projected to grow 3.6% from 3,207,763 in 2019 to 3,324,165 in 2024. This is similar to the projected growth rate in California (3.5%) overall. The current household growth rate of 0.72 is expected to decrease to 0.64 by 2024.
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In Orange County, there are a total of 1,060,886 households, 7 with an average household size of 3.02. Over 71% of Orange County’s total households are considered Family Households – slightly higher than the California percentage of 69%. Although an estimated 35,000 additional homes will be constructed in Orange County between 2019 and 2024, the change in population growth (3.6%) is still predicted to outpace the increased number of houses (3.3%) over the same period. This trend is consistent with California (3.5% increase in the size of the population versus 3.1% increase in the number of total households).
The number of households with one or more persons with a disability is 203,829 or 19.2% of total households. Having a disabled child may increase stress and affect physical health and make it difficult to find appropriate and affordable child care.
Household Growth by Year, 2019-2024 Orange County California 2019 2024 Change 2019 2024 Change
Households: Annual Growth Rate 0.72 0.64 ↘ 0.64 0.62 ↘ Total Households 1,060,886 1,095,455 3.3% 13,339,357 13,759,222 3.1% Average Household Size 3.02 3.03 0.3% 3.03 2.93 -3.3% Total Family Households 756,645 781,140 3.2% 9,162,700 9,449,863 3.1%
Source : Es ri , 2019
HOUSEHOLD INCOME
Orange County continues to be among the most inaccessible places to live for low and moderate-income earners. This is a major concern for families as cost burden affects quality of life. Additionally, the number of households receiving food stamps or participating in the Supplemental Nutrition Assistance Program (SNAP) within Orange County is 66,353 or 8.8% of Orange County’s total family households (this is lower than the California rate of 10.0%). The number of married couple families living below poverty level is 30,957 or 4.1% of total family households.
7 Total households refer to people who are living in a housing structure, and can be made up of family households or non-family householders. Family households is a household maintained by a householder who is in a family and includes unrelated people who may be residing there. The number of family households is equal to the number of families. A nonfamily household consists of a householder living alone or shared home exclusively with people to whom he/she isn’t related.
Orange County Household Income Distribution 2019 Estimate 2024 Projection Variable OC CA USA OC CA USA
Median Household $88,453 $74,520 $60,548 $102,755 $86,333 $69,180 Average Household $121,359 $106,321 $87,398 $139,918 $123,187 $99,638 $0 - $15,000 6.8% 9.0% 10.7% 5.3% 7.3% 9.0% $15 - $24,999 6.1% 7.6% 9.0% 4.7% 6.0% 7.7% $25 - $34,999 5.8% 7.3% 8.9% 4.7% 6.2% 7.8% $35 - $49,999 8.6% 10.6% 12.4% 7.2% 9.2% 11.5% $50 - $74,999 14.8% 15.8% 17.5% 13.4% 14.8% 17.0% $75 - $99,999 13.1% 12.4% 12.6% 12.9% 12.6% 13.1% $100 - $149,999 19.4% 16.9% 15.1% 20.9% 18.7% 17.0% $150,000 -$199,999 10.7% 8.8% 6.5% 13.1% 11.0% 8.3% $200,000+ 14.7% 11.8% 7.3% 17.7% 14.3% 8.6%
Total 100% 100% 100% 100% 100% 100%
Source : Es ri a nd US. Ce ns us , 2019
For 2019, it is estimated that Orange County has an average median household income of $88,453. 8 This is nearly 20% higher than the California average of $74,520 and 46% higher than the U.S. average of $69,180. The percentage of higher-income households ($100,000+) in Orange County is projected to grow from 44.8% of total households in 2019 to 51.7% of households in 2024. This is significantly higher than the 2024 California (44.0%) and U.S. (33.9%) projections.
Orange County’s median home value is $682,052 and average rental rate is $2,004. 9 By 2024, Orange County’s home value is estimated to increase to $715,049 and median household income to $102,755. 10 This is a concern as a larger proportion of wages spent on housing expenses such as rent and mortgage takes away from spending towards preventative care, medical care, cost of raising a child, or vehicle maintenance. Households with low incomes spend a greater percentage of their income on housing. According to the Legislative Analyst's Office, high home prices force workers in California’s coastal communities, like Orange County, to commute 10% further each day than commuters elsewhere in the nation, largely because limited affordable housing options exist near major job centers.
In general, Orange County has higher home values compared to that of the state. California’s median home value is $556,621 with median household income of $74,520. By 2024, these values are expected to increase to $617,383 and $86,333, respectively.
8 Esri Demographics – 2019 Population Estimates based in US Census and American Communities Survey 2013-2017 9 CoStar.com – As Cited by Collins, Jeff, Orange County Register May 31, 2019 10 Esri Demographics – 2019 Population Estimates based in US Census and American Communities Survey 2013-2017
