Comprehensive Plan for Denton, Texas, 1960-1985: [Volume 1]. Phase 1 Basic Studies Page: 45
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year period. Examination of this table reveals several significant facts con-
cerning the buying and investment potentials of the City and County residents
and trends for the five-year period covered. The percentage of Denton house-
holds with incomes less than $2,500.00 has reduced from nearly 60 percent in
1954 to less than 40 percent in 1958, while the same category for the entire
State reduced only 10.6 percent. A 5.2 percent reduction was similarly seen
in the $2,500.00 to $4,000.00 category while the State decrease was only 2.2
percent. A major increase was experienced in the $4,000.00 to $7,000.00
bracket and smaller, but significant increases took place in the $7,000.00
to $10,000.00 range and that of 410,000.00 and above in the City. The net
result has been a move of the average household from the lower to middle and
upper middle incomes. In 1958 nearly 48 percent of the households in Denton
received gross incomes in excess of $4,000.00. This fact places the City in
a very favorable economic situation from the standpoint of available money
for purchasing goods. Since 21.5 percent of the total income was made by
persons in the bracket of $10,000.00 and over, a sizable amount of money is
also being made available for business expansion and improvements.45
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Denton (Tex.). Planning and Zoning Commission. Comprehensive Plan for Denton, Texas, 1960-1985: [Volume 1]. Phase 1 Basic Studies, report, 1960; Denton, Texas. (https://texashistory.unt.edu/ark:/67531/metapth1418518/m1/59/?q=%22~1~1%22~1: accessed August 15, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu.; crediting UNT Libraries Government Documents Department.