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CALCULATION OF AVERAGE HOURLY WAGE REQUIREM.'EN-T
<br /> TO ACHIEVE NO NET FISCAL IMPACT ON COUNTY OPERATING BUDGLT
<br /> Household Characteristics
<br /> Persons Per Household 259 3.00 4.00
<br /> School Age Children Per Household 0.45 1.00 2.00
<br /> Housing Value Required — S140,000 5250,000 5455,000
<br /> No Net Fiscal Impact
<br /> Mortgage Characteristics Principal S140,000 Principal 5:.50,000 Principal S455,000
<br /> Interest 7.25% Interest 725% Interest 7:5%
<br /> Term(Years) Term(Years) Term(Years)
<br /> 1 S12,129.89 1 S21,66051 1 S39,422.13
<br /> 2 56,284.04 2 51122150 2 520,423.13
<br /> 3 S4,338.81 3 57,747.88 3 S14,101.15
<br /> 4 S3,368.74 4 56,015.60 4 S10,W39
<br /> 5 52,788.71 5 S4,979.84 5 59,06331
<br /> 6 S2,403.70 6 54,29233 6 S7,812.03
<br /> 7 $2,130.13 7 S3,803.80 7 56,922.91
<br /> 8 S1,926.18 8 S3,439.62 8 56,260.10
<br /> 9 S1,768.66 9 S3,15832 9 55,748.14
<br /> 10 $1,643.61 10 S2,935.03 10 S5,341.75
<br /> 11 S1,542.19 11 52,753.90 11 $5,012.10
<br /> 12 S1,458.46 12 S2,60439 12 54,739.99
<br /> 13 S1,M834 13 S2,479.18 13 54,512.10
<br /> 14 $1,328.90 14 S2,373.04 14 54,318.94
<br /> 15 S1,278.01 15 52,282.16 15 S4,153.53
<br /> 16 51,234.04 16 $2,203.64 16 54,010.63
<br /> 17 $1,195.77 17 S2,13531 17 53,886.26
<br /> 18 S1,162.24 18 S2,075.43 18 53,777.28
<br /> 19 51,132.69 19 52,022.67 19 53,681.26
<br /> 20 S1,10653 20 51,975.94 20 53,596.21
<br /> 21 $1,083.25 21 51,93437 21 53,52055
<br /> 22 51,062.45 22 51,897.23 22 S3,452.96
<br /> 23 $1,043.81 23 S1,863.95 23 S3,39238
<br /> 24 S1,027.05 24 $1,834.01 24 S3,337.90
<br /> 25 S1,011.93 25 S1,807.02 25 53,288.77
<br /> 26 S998.26 26 51,782.61 26 53,24435
<br /> 27 5985.87 27 51,760.48 27 S3,204.08
<br /> 28 5974.62 28 51,74039 28 53,16751
<br /> 29 596438 29 51,722.11 29 53,13424
<br /> Monthly Mortgage Payment 30 5955.05 30 S1,705.44 30 53,103.90
<br /> Annual Household Income Required 538202 S68218 5124,156
<br /> Average Annual Income Per Person 519,101 534,109 S62078
<br /> Average Hourly Wage Required S9.18 S16.40 529.85
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