area had 45,787 people living in 16,625 households, 29% of which are classified as "family" households and the rest as "non-family". The average household size was two people, whose median age was 23.8 years. Median household income was $23,749; median "family" household income was $40,042. 8.1% of households had incomes of $100,000 or more and 35.2% had incomes of less than $15,000. The racial makeup of University City was about 42% Black, 35% White, 18% Asian/Pacific Islander, 4% Hispanic, with the remainder not classified. The report said local businesses employed 63,878, with educational services employing 53.1% of them and health care services 21%. The largest employers were Penn, with 13,239 employees; Penn Health, 11,136; CHOP, 6,855; Drexel-Main, 2,706; AMTRAK, 2,551; and the VA, 2,100. The median price of homes purchased in 2006 was $312,000, up 22% from 2005. The average monthly rent for a studio apartment was $667; a one-bedroom apartment, $823; and a two-bedroom apartment, $1,174. Local institutions Higher education Sorted by number of students in 2006: University of Pennsylvania (23,704): Founded in 1740, moved to current location in 1872. Drexel University (Main Campus: 18,466): Founded in 1891 at current location. University City campus of Saint Joseph's University (formerly the University of the Sciences in Philadelphia (3,008): Founded in 1821, moved to current location in 1928.) Community College of Philadelphia, West Regional Center (748): Founded in 1965, West campus established in 1985. Lincoln University (School of Adult & Continuing Education: 596): Main campus in Chester County founded in 1854, University City location opened in 1976. The Restaurant School at Walnut Hill College (535): Founded in 1974, moved to current location in 1992. Philadelphia Divinity School (0): Founded in 1858, built campus at 42nd and Spruce in 1921, left neighborhood in 1974. Philadelphia College of Osteopathic Medicine (0): Founded in 1899, built campus at 48th and Spruce in 1929, left neighborhood in 1977. Middle States Commission on Higher Education (0): Accreditation authority, not a school. Medical Children's Hospital of Philadelphia ("CHOP"): Children's hospital Hospital of the University of Pennsylvania ("HUP"): General hospital Penn Presbyterian Medical Center ("Presby"): General hospital VA Medical Center, Philadelphia ("The VA"): Veterans' hospital Philadelphia Medical Examiner's Office National Board of Medical Examiners: Co-sponsor of the USMLE Scientific Not including the scientific departments of the local universities Monell Chemical Senses Center: Leader in research on smell and taste. University City Science Center: Focuses on commercialization. Wistar Institute: