Low income cut-offs (LICOs) before and after tax by community size and family size, in current dollars, annual.

Income limits used to determine the income eligibility of applicants for assistance under three programs authorized by the National Housing Act. These programs are the Section 221(d)(3) Below Market Interest Rate (BMIR) rental program, the Section 235 program, and the Section 236 program. These income limits are listed by dollar amount and family size, and they are effective on the date issued. Due to the Housing and Economic Recovery Act of 2008 (Public Law 110-289), Income Limits used to determine qualification levels as well as set maximum rental rates for projects funded with tax credits authorized under section 42 of the Internal Revenue Code (the Code) and projects financed with tax exempt housing bonds issued to provide qualified residential rental development under section 142 of the Code (hereafter referred to as Multifamily Tax Subsidy Projects (MTSPs)) are now calculated and presented separately from the Section 8 income limits.

Text source: https://www.huduser.gov/portal/datasets/HOME-Income-limits.htmlLanding page description:HOME Income Limits data are available from FY 1998 to the present. The HOME Income Limits are calculated using the same methodology that HUD uses for calculating the income limits for the Section 8 program, in accordance with Section 3(b)(2) of the U.S. Housing Act of 1937, as amended. These limits are based on HUD estimates of median family income, with adjustments based on family size. Please note that the 30 percent income limits for the HOME program have been calculated based on the definition of Extremely Low–Income Family (ELI) as described in Consolidated Submission for CPD Programs section of 24 CFR part 91.5. Therefore, the ELI Limit is calculated as 30 percent of median family income for the area and may not be the same as the Section 8 ELI Limit for your jurisdiction. The Section 8 Limit is calculated based on the definition of ELI as described in The 2014 Consolidated Appropriations Act, (Section 238 on page 128 Stat 635) which defines ELI as very low–income families whose incomes do not exceed the higher of the Federal poverty level or 30% of area median income. Family sizes in excess of 8 persons are calculated by adding 8% of the four-person income limit for each additional family member. That is, a 9-person limit should be 140% of the 4-person limit, the 10-person limit should be 148%.The HOME income limit values for large households (9-12 persons) must be rounded to the nearest $50. Therefore, all values from 1 to 24 are rounded down to 0, and all values from 25 to 49 are rounded up to 50.Note: The FY 2024 HOME Income Limits effective date is June 01, 2024.

There is more to housing affordability than the rent or mortgage you pay. Transportation costs are the second-biggest budget item for most families, but it can be difficult for people to fully factor transportation costs into decisions about where to live and work. The Location Affordability Index (LAI) is a user-friendly source of standardized data at the neighborhood (census tract) level on combined housing and transportation costs to help consumers, policymakers, and developers make more informed decisions about where to live, work, and invest. Compare eight household profiles (see table below) —which vary by household income, size, and number of commuters—and see the impact of the built environment on affordability in a given location while holding household demographics constant.*$11,880 for a single person household in 2016 according to US Dept. of Health and Human Services: https://aspe.hhs.gov/computations-2016-poverty-guidelinesThis layer is symbolized by the percentage of housing and transportation costs as a percentage of income for the Median-Income Family profile, but the costs as a percentage of income for all household profiles are listed in the pop-up:Also available is a gallery of 8 web maps (one for each household profile) all symbolized the same way for easy comparison: Median-Income Family, Very Low-Income Individual, Working Individual, Single Professional, Retired Couple, Single-Parent Family, Moderate-Income Family, and Dual-Professional Family.An accompanying story map provides side-by-side comparisons and additional context.--Variables used in HUD's calculations include 24 measures such as people per household, average number of rooms per housing unit, monthly housing costs (mortgage/rent as well as utility and maintenance expenses), average number of cars per household, median commute distance, vehicle miles traveled per year, percent of trips taken on transit, street connectivity and walkability (measured by block density), and many more.To learn more about the Location Affordability Index (v.3) visit: https://www.hudexchange.info/programs/location-affordability-index/. There you will find some background and an FAQ page, which includes the question:"Manhattan, San Francisco, and downtown Boston are some of the most expensive places to live in the country, yet the LAI shows them as affordable for the typical regional household. Why?" These areas have some of the lowest transportation costs in the country, which helps offset the high cost of housing. The area median income (AMI) in these regions is also high, so when costs are shown as a percent of income for the typical regional household these neighborhoods appear affordable; however, they are generally unaffordable to households earning less than the AMI.Date of Coverage: 2012-2016 Date Released: March 2019Date Downloaded from HUD Open Data: 4/18/19Further Documentation:LAI Version 3 Data and MethodologyLAI Version 3 Technical Documentation_**The documentation below is in reference to this items placement in the NM Supply Chain Data Hub. The documentation is of use to understanding the source of this item, and how to reproduce it for updates**

Title: Location Affordability Index - NMCDC Copy

Summary: This layer contains the Location Affordability Index from U.S. Dept. of Housing and Urban Development (HUD) - standardized household, housing, and transportation cost estimates by census tract for 8 household profiles.

Notes: This map is copied from source map: https://nmcdc.maps.arcgis.com/home/item.html?id=de341c1338c5447da400c4e8c51ae1f6, created by dianaclavery_uo, and identified in Living Atlas.

Prepared by: dianaclavery_uo, copied by EMcRae_NMCDC

Source: This map is copied from source map: https://nmcdc.maps.arcgis.com/home/item.html?id=de341c1338c5447da400c4e8c51ae1f6, created by dianaclavery_uo, and identified in Living Atlas. Check the source documentation or other details above for more information about data sources.

Feature Service: https://nmcdc.maps.arcgis.com/home/item.html?id=447a461f048845979f30a2478b9e65bb

UID: 73

Data Requested: Family income spent on basic need

Method of Acquisition: Search for Location Affordability Index in the Living Atlas. Make a copy of most recent map available. To update this map, copy the most recent map available. In a new tab, open the AGOL Assistant Portal tool and use the functions in the portal to copy the new maps JSON, and paste it over the old map (this map with item id

Date Acquired: Map copied on May 10, 2022

Priority rank as Identified in 2022 (scale of 1 being the highest priority, to 11 being the lowest priority): 6

Tags: PENDING

Analysis of ‘3.05 Subsidized Housing Funding Usage (summary)’ provided by Analyst-2 (analyst-2.ai), based on source dataset retrieved from https://catalog.data.gov/dataset/6c97f668-67da-4ae8-81a9-b35b7406c076 on 11 February 2022.

--- Dataset description provided by original source is as follows ---

This dataset provides information on Tempe's subsidized housing program, including monthly voucher and funding budgets and expenditures.

The City of Tempe Housing Services Division receives federal funds through Housing and Urban Development Department (HUD) to subsidize housing for low-income families that is decent, safe, sanitary and affordable. Families served by the program must live at or below 50% of the area median income.

Tempe has a fixed number of Housing Choice Vouchers (HCVs) based on our HUD contract, which represents the maximum number of families that the Housing Authority could assist. Congress and HUD do not fund the program to assist all of the families we are allotted to assist. We can only assist the number of families we have the budget to assist.

HUD provides an initial funding amount based on what they anticipate they will allocate to housing assistance payments. The actual amount of funding received is subject to change depending on Federal Budget priorities, Congressional approval and many other factors.

Expenditures are reported monthly, as HUD requires expenses to be posted in the month they were incurred rather than the month the expense was paid.

The performance measure dashboard is available at 3.05 Subsidized Housing Funding Usage.

Additional Information

Source: Manually maintained data, Housing Pro and Quickbooks

Contact: Levon Lamy

Contact E-Mail: Levon_Lamy@tempe.gov

Data Source Type: CSV

Preparation Method: Monthly values are calculated by determining the month each of the expenditures was for and retroactivelly accruing the funding use to the appropriate period. There are multiple, multistep excel worksheets that are used to balance between the specialty Housing Software, City Financial System and the HUD mandated reporting system. Additionally, it is important to note that Funding is allocated by Congress on the Federal Fiscal Year (October - September), the City operates on a Fiscal Year (July - June) and HUD provides funding on the Housing Authority in Calendar Year (January - December) funding increments. Therefore, the City must cross balance between three funding years.

Publish Frequency: Quarterly

Publish Method: Manual

Data Dictionary

--- Original source retains full ownership of the source dataset ---

Low income measure (LIM) thresholds by household size for market income, total income and after-tax income, in current and constant dollars, annual.

Number of persons in low income, low income rate and average gap ratio by age, sex and economic family type, annual.

In 2023, just over 50 percent of Americans had an annual household income that was less than 75,000 U.S. dollars. The median household income was 80,610 U.S. dollars in 2023. Income and wealth in the United States After the economic recession in 2009, income inequality in the U.S. is more prominent across many metropolitan areas. The Northeast region is regarded as one of the wealthiest in the country. Maryland, New Jersey, and Massachusetts were among the states with the highest median household income in 2020. In terms of income by race and ethnicity, the average income of Asian households was 94,903 U.S. dollars in 2020, while the median income for Black households was around half of that figure. What is the U.S. poverty threshold? The U.S. Census Bureau annually updates its list of poverty levels. Preliminary estimates show that the average poverty threshold for a family of four people was 26,500 U.S. dollars in 2021, which is around 100 U.S. dollars less than the previous year. There were an estimated 37.9 million people in poverty across the United States in 2021, which was around 11.6 percent of the population. Approximately 19.5 percent of those in poverty were Black, while 8.2 percent were white.

In 2023, there were a total of seven million families living below the poverty line in the United States. Poverty is the state of one who lacks a certain amount of material possessions or money. Absolute poverty or destitution is inability to afford basic human needs, which commonly includes clean and fresh water, nutrition, health care, education, clothing, and shelter.

The Federal Housing Enterprises Financial Safety and Soundness Act of 1992 (Safety and Soundness Act) provides for the establishment of single-family and multifamily goals each year, including a single-family purchase money mortgage goal for families residing in low-income areas. The Safety and Soundness Act defines "low-income area" as: (a) census tracts or block numbering areas in which the median income does not exceed 80 percent of area median income (AMI), (b) families with income not greater than 100 percent of AMI who reside in minority census tracts, and (c) families with income not greater than 100 percent of AMI who reside in designated disaster areas. A “minority census tract” is a census tract that has a minority population of at least 30 percent and a median income of less than 100 percent of the AMI. Census tract level data identifying these areas are available below for 2010 and 2011 based on 2000 Census tract geography, and for 2012 and subsequent years based on 2010 Census tract geography. ​As in the previous underserved area definition, low-income area and minority census tract definitions are based on prior year metropolitan area definitions as determined by OMB. Designated disaster areas are identified by FHFA based on the three most recent years' declarations by the Federal Emergency Management Agency​ (FEMA), where individual assistance payments were authorized by FEMA. Each file includes a map of the counties identified as designated disaster areas and a description of the data layout, also available separately.

Low income statistics by age, sex and economic family type, annual.

This statistic shows the median household income in the United States from 1990 to 2023 in 2023 U.S. dollars. The median household income was 80,610 U.S. dollars in 2023, an increase from the previous year. Household incomeThe median household income depicts the income of households, including the income of the householder and all other individuals aged 15 years or over living in the household. Income includes wages and salaries, unemployment insurance, disability payments, child support payments received, regular rental receipts, as well as any personal business, investment, or other kinds of income received routinely. The median household income in the United States varies from state to state. In 2020, the median household income was 86,725 U.S. dollars in Massachusetts, while the median household income in Mississippi was approximately 44,966 U.S. dollars at that time. Household income is also used to determine the poverty line in the United States. In 2021, about 11.6 percent of the U.S. population was living in poverty. The child poverty rate, which represents people under the age of 18 living in poverty, has been growing steadily over the first decade since the turn of the century, from 16.2 percent of the children living below the poverty line in year 2000 to 22 percent in 2010. In 2021, it had lowered to 15.3 percent. The state with the widest gap between the rich and the poor was New York, with a Gini coefficient score of 0.51 in 2019. The Gini coefficient is calculated by looking at average income rates. A score of zero would reflect perfect income equality and a score of one indicates a society where one person would have all the money and all other people have nothing.

Graph and download economic data for Real Median Family Income in the United States (MEFAINUSA672N) from 1953 to 2023 about family, median, income, real, and USA.

Between 2018 and 2022, people in households in the ‘other’, Asian and black ethnic groups were the most likely to be in persistent low income, both before and after housing costs, out of all ethnic groups.

The Federal Housing Enterprises Financial Safety and Soundness Act of 1992 (Safety and Soundness Act) provides for the establishment of single-family and multifamily goals each year, including a single-family purchase money mortgage goal for families residing in low-income areas. The Safety and Soundness Act defines "low-income area" as: (a) census tracts or block numbering areas in which the median income does not exceed 80 percent of area median income (AMI), (b) families with income not greater than 100 percent of AMI who reside in minority census tracts, and (c) families with income not greater than 100 percent of AMI who reside in designated disaster areas. A “minority census tract” is a census tract that has a minority population of at least 30 percent and a median income of less than 100 percent of the AMI. Census tract level data identifying these areas are available below for 2010 and 2011 based on 2000 Census tract geography, for 2012 through 2021 based on 2010 Census tract geography, and for 2022 and subsequent years based on 2020 Census tract geography.​As in the previous underserved area definition, low-income area and minority census tract definitions are based on prior year metropolitan area definitions as determined by OMB. Designated disaster areas are identified by FHFA based on the three most recent years' declarations by the Federal Emergency Management Agency​ (FEMA), where individual assistance payments were authorized by FEMA. Each file includes a map of the counties identified as designated disaster areas and a description of the data layout, also available separately.To learn more about the Underserver Areas Dataset visit: Underserved Areas Data | Federal Housing Finance Agency (fhfa.gov), for questions about the spatial attribution of this dataset, please reach out to us at GISHelpdesk@hud.gov. Data Dictionary: DD_Underserved Areas DataDate of Coverage: 10/2023 - 09/2024Last Updated: 11/2023

About this dataset

Context

The dataset presents median household incomes for various household sizes in Lower Frederick Township, Pennsylvania, as reported by the U.S. Census Bureau. The dataset highlights the variation in median household income with the size of the family unit, offering valuable insights into economic trends and disparities within different household sizes, aiding in data analysis and decision-making.

Key observations

• Of the 7 household sizes (1 person to 7-or-more person households) reported by the census bureau, Lower Frederick township did not include 6, or 7-person households. Across the different household sizes in Lower Frederick township the mean income is $114,174, and the standard deviation is $36,893. The coefficient of variation (CV) is 32.31%. This high CV indicates high relative variability, suggesting that the incomes vary significantly across different sizes of households.
• In the most recent year, 2021, The smallest household size for which the bureau reported a median household income was 1-person households, with an income of $58,807. It then further increased to $135,893 for 5-person households, the largest household size for which the bureau reported a median household income.

https://i.neilsberg.com/ch/lower-frederick-township-pa-median-household-income-by-household-size.jpeg" alt="Lower Frederick Township, Pennsylvania median household income, by household size (in 2022 inflation-adjusted dollars)">

Content

When available, the data consists of estimates from the U.S. Census Bureau American Community Survey (ACS) 2017-2021 5-Year Estimates.

Household Sizes:

• 1-person households
• 2-person households
• 3-person households
• 4-person households
• 5-person households
• 6-person households
• 7-or-more-person households

Variables / Data Columns

• Household Size: This column showcases 7 household sizes ranging from 1-person households to 7-or-more-person households (As mentioned above).
• Median Household Income: Median household income, in 2022 inflation-adjusted dollars for the specific household size.

Good to know

Margin of Error

Data in the dataset are based on the estimates and are subject to sampling variability and thus a margin of error. Neilsberg Research recommends using caution when presening these estimates in your research.

Custom data

If you do need custom data for any of your research project, report or presentation, you can contact our research staff at research@neilsberg.com for a feasibility of a custom tabulation on a fee-for-service basis.

Inspiration

Neilsberg Research Team curates, analyze and publishes demographics and economic data from a variety of public and proprietary sources, each of which often includes multiple surveys and programs. The large majority of Neilsberg Research aggregated datasets and insights is made available for free download at https://www.neilsberg.com/research/.

Recommended for further research

This dataset is a part of the main dataset for Lower Frederick township median household income. You can refer the same here

U.S. citizens with a professional degree had the highest median household income in 2023, at 172,100 U.S. dollars. In comparison, those with less than a 9th grade education made significantly less money, at 35,690 U.S. dollars. Household income The median household income in the United States has fluctuated since 1990, but rose to around 70,000 U.S. dollars in 2021. Maryland had the highest median household income in the United States in 2021. Maryland’s high levels of wealth is due to several reasons, and includes the state's proximity to the nation's capital. Household income and ethnicity The median income of white non-Hispanic households in the United States had been on the rise since 1990, but declining since 2019. While income has also been on the rise, the median income of Hispanic households was much lower than those of white, non-Hispanic private households. However, the median income of Black households is even lower than Hispanic households. Income inequality is a problem without an easy solution in the United States, especially since ethnicity is a contributing factor. Systemic racism contributes to the non-White population suffering from income inequality, which causes the opportunity for growth to stagnate.

This data collection is the third wave of an intensive study in Boston, Chicago, and San Antonio, which was initiated to assess the well-being of low-income children and families in the post-welfare reform era. The project investigates the strategies families have used to respond to reform, in terms of employment, schooling or other forms of training, residential mobility, and fertility. Central to this project is a focus on how these strategies affect children's lives, with an emphasis on their health and development as well as their need for, and use of, social services. For the first wave of the study, between March 1999 and December 1999, a random sample of approximately 2,400 households with children in low-income neighborhoods in Boston, Chicago, and San Antonio were selected for interviews. Forty percent of the families interviewed were receiving cash welfare payments at the time of the interview. Each household had a child aged 0 to 4 or aged 10 to 14 at the time of the interview. The child and the child's primary female caregiver are the focus of the study. Extensive baseline information was gathered at the initial personal interview with the caregivers, tested younger children were assessed, and older children were interviewed. All interviews were conducted in-person using a computerized instrument. The third wave of data collection took place between February 2005 and January 2006, when the focal children were aged 5 to 10 or aged 15 to 20. Between May 2005 and May 2006, interviews were conducted with the teachers of the focal children.

About this dataset

Context

The dataset presents median household incomes for various household sizes in Show Low, AZ, as reported by the U.S. Census Bureau. The dataset highlights the variation in median household income with the size of the family unit, offering valuable insights into economic trends and disparities within different household sizes, aiding in data analysis and decision-making.

Key observations

• Of the 7 household sizes (1 person to 7-or-more person households) reported by the census bureau, Show Low did not include 7-person households. Across the different household sizes in Show Low the mean income is $70,658, and the standard deviation is $39,698. The coefficient of variation (CV) is 56.18%. This high CV indicates high relative variability, suggesting that the incomes vary significantly across different sizes of households.
• In the most recent year, 2021, The smallest household size for which the bureau reported a median household income was 1-person households, with an income of $37,291. It then further increased to $148,443 for 6-person households, the largest household size for which the bureau reported a median household income.

https://i.neilsberg.com/ch/show-low-az-median-household-income-by-household-size.jpeg" alt="Show Low, AZ median household income, by household size (in 2022 inflation-adjusted dollars)">

Content

When available, the data consists of estimates from the U.S. Census Bureau American Community Survey (ACS) 2017-2021 5-Year Estimates.

Household Sizes:

• 1-person households
• 2-person households
• 3-person households
• 4-person households
• 5-person households
• 6-person households
• 7-or-more-person households

Variables / Data Columns

• Household Size: This column showcases 7 household sizes ranging from 1-person households to 7-or-more-person households (As mentioned above).
• Median Household Income: Median household income, in 2022 inflation-adjusted dollars for the specific household size.

Good to know

Margin of Error

Data in the dataset are based on the estimates and are subject to sampling variability and thus a margin of error. Neilsberg Research recommends using caution when presening these estimates in your research.

Custom data

If you do need custom data for any of your research project, report or presentation, you can contact our research staff at research@neilsberg.com for a feasibility of a custom tabulation on a fee-for-service basis.

Inspiration

Neilsberg Research Team curates, analyze and publishes demographics and economic data from a variety of public and proprietary sources, each of which often includes multiple surveys and programs. The large majority of Neilsberg Research aggregated datasets and insights is made available for free download at https://www.neilsberg.com/research/.

Recommended for further research

This dataset is a part of the main dataset for Show Low median household income. You can refer the same here

As one of the Moving To Work agencies in the United States, the Housing Authority of the County of San Mateo (HACSM) receives certain waivers from HUD that allow the implementation of a local Family Self-Sufficiency Program (FSS). The HACSM FSS program was created in 2015 and provides time-limited rental assistance (up to 7 years) and case management services for participating families with the goal of helping the families increase financial self-sufficiency. On an ongoing basis 3 times a year, the FSS coordinators meet with families to assess their needs and record their progress. With the data collected from the assessment, HACSM has expanded partnerships with a variety of educational and financial institutions, work force development and other service providers, ensuring these resources available to the FSS families. A majority of our FSS participants meets their goal to graduate and exit the voucher program in five years but some may need the additional assistance (up to 24 months) to reach educational or vocational goals established in their FSS program. The turnover vouchers allow HACSM to serve new low-income families in the community. The HACSM FSS program includes monetary rewards at graduation. Families that have increased their earned income and savings and completed educational or other goals specified in their FSS Contract of Participation will be rewarded up to $5,000 at the time of successful graduation. Successful graduation is defined as follow: • The household has reached the end of the voucher’s time limit and is not receiving TANF prior to program exit, and • Either head of household, spouse, co-head or any adult member of the household is gainfully employed, or • The household has reached an income level such that HACSM is no longer providing subsidy or they have decided to relinquish their housing voucher before expiration date and have exited the voucher program. The program is designed with five years of rental assistance and case management and can be extended up to seven years on a case-by-case basis. This is important to note because the data shows an increase in FY 2021-22 which is when many of the initial participants were reaching the five to seven year term. Our projected numbers going forward align closer to what was seen in the early years of the FSS program. Also note that in August, 2024 we implemented a new Hardship criteria for extensions of the voucher program for additional assistance (up to 24 months) if the household family's annual gross income is below 80% of AMI and Housing Authority County of San Mateo's utilization rate is below 95%. This explains the estimated number of FSS program participants exiting the voucher program for FY 2024-25 total of 19 (10 actual exits from 7/1/2024 - 12/31/2024 and 9 estimated exits from 1/1/2025 - 6/30/2025) since a high percentage of our families qualify under this criteria.