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heloc information. The City of Corona encompasses 38 square miles The estimated population is 137,000. Approximately 57,000 people work in the City of Corona. Average age of Corona residents is 29.9. Corona's average household income is $73,859 Corona's median household income is $60,780 Spendable income of the residents in Corona has increased 5-7% each year during the decade of the nineties. 25% of Corona households have earnings of $100,000 The average cost of a new home is $274,944 Real estate costs are one-third less than Orange County. The average cost of an existing home is $206,085 Taxable sales for the year ending December 31, 2001 were $2.27 billion Building Permit valuation in 2001 was $425,731,424 Current assessed valuation is estimated to be approximately 9 billion dollars. 54.6% of Corona??s adults have attended college. College degree attainment is 40% higher in Corona than in Riverside County. Corona has its own Police and Fire Departments. Crime dropped 60% during the 1990's in Corona and it is deemed the safest large city in the Inland Empire. 35.2% of sales tax revenue is generated through the industrial base of over 29 million square feet. Business License fee is in lower 10% in California. Two major freeways (91 & 15) cross the City of Corona. Corona is within 25 minutes of two important airports. Corona has no utility user tax. Net increase of 26,000 jobs during the past ten years.
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