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The following is a list of the highest-income ZCTAs in the United States. ZCTAs or ZIP Code Tabulation Areas are the census equivalent of ZIP codes used for statistical purposes. The reason why regular ZIP codes are not used is because they are defined by routes rather than geographic boundaries.
In other words, if say HUD determines that a local area's median income is $25,000, then the HOME funds awarded in that area should only benefit those families with incomes less than, or equal to, 80% of $25,000 (or $20,000). HUD publishes the area median incomes plus the 80% income limits every year in its website.
Workforce housing may be targeted more generally at certain income levels regardless of type of employment, with definitions ranging from 50% to 120% of Area Median Income (AMI). Affordability Mortgage lenders typically impose a limit of 28% to 36% of household income allowable for principal, interest, taxes and insurance (PITI).
New York City attracts thousands of new residents each year and housing prices continue to climb. Finding affordable housing affects a large portion of the city's population including low-income, moderate-income, and even median income families. [62] Since 1970, income has remained relatively stagnant while rent has nearly doubled for New ...
To find out the 25 poorest and richest area codes, GOBankingRates used the 2015 Census Community Survey, the most recent data available, to rank cities across the nation in order of mean household ...
In January 2020, the median home price was $290,499 – nearly 45% lower than the median home price in May 2023. [7] For households earning 30% of the county's median income, most counties in the United States do not have rental housing considered affordable to at least half that income segment (one-third of 30% of median). [8]
Top 10 Places Where Income Declined the Most. Cities are ranked according to the percent change in estimated median household income between 2023 and 2022.
The United States Office of Management and Budget (OMB) has defined 925 core-based statistical areas (CBSAs) for the United States and 10 for Puerto Rico. [1] The OMB defines a core-based statistical area as one or more adjacent counties or county equivalents that have at least one urban core area of at least 10,000 population, plus adjacent territory that has a high degree of social and ...