2021 LIHTC Income Limits and Fair Market Rents – Raleigh NC MSA
| Household Size | 50% of AMI | 60% of AMI |
|---|---|---|
| 1 person | $33,500 | $40,200 |
| 2 person | $38,300 | $45,960 |
| 3 person | $43,100 | $51,720 |
| 4 person | $47,850 | $57,420 |
What is the AMI for Raleigh?
The City has selected three areas of Raleigh to focus revitalization efforts.
Current Project Areas for Community Development.
| Family Size | 80% HUD AMI |
|---|---|
| Family Size 1 | 80% HUD AMI $53,600 |
| Family Size 2 | 80% HUD AMI $61,250 |
| Family Size 3 | 80% HUD AMI $68,900 |
| Family Size 4 | 80% HUD AMI $76,550 |
What is the area median income for Raleigh NC?
$69,720
Table
| Population | |
|---|---|
| Income & Poverty | |
| Median household income (in 2020 dollars), 2016-2020 | $69,720 |
| Per capita income in past 12 months (in 2020 dollars), 2016-2020 | $40,520 |
| Persons in poverty, percent | 11.8% |
What is Ami in North Carolina?
“Low-income” is based on the Area Median Income (“AMI”) of the city or county. Typically, households are considered low-income if they earn no more than 80% of AMI.
What is the AMI for Wake County?
| Wake County 60% Area Median Income by Household Size | ||
|---|---|---|
| 1 Person | 2 People | 6 People |
| $31,920 | $36,480 | $52,920 |
What is the area median income for North Carolina?
In 2019, North Carolina had a population of 10.5M people with a median age of 39.1 and a median household income of $57,341. Between 2018 and 2019 the population of North Carolina grew from 10.4M to 10.5M, a 1.01% increase and its median household income grew from $53,855 to $57,341, a 6.47% increase.
What is considered low income in Raleigh NC?
In North Carolina, a family of four must earn $52,946 a year in order to afford housing, food, child care, health care, transportation, taxes, and other necessities. Families are pursuing various strategies to cope with the low-wage labor market.
What is the poverty rate in Raleigh NC?
The poverty rate in Raleigh is 14.0%.
Is Raleigh NC red or blue?
North Carolina has voted Republican in nine of the last 10 presidential elections.
What is Raleigh metro area?
The Raleigh-Cary metropolitan area comprises Wake, Franklin, and Johnston Counties; the Durham-Chapel Hill metropolitan area comprises Durham, Orange, Chatham, Granville, and Person Counties; and the Henderson micropolitan area comprises Vance County.
What is the AMI for Durham NC?
What is the annual median income in Durham? The annual median income for an entire household (pre-tax) for the Durham-Chapel Hill Metropolitan Statistical Area is $80,600.
What is the income limit for housing assistance in NC?
In this case, low-income means less than 30% of the state median income. Based on the latest information available, the median income for a family of four in North Carolina is $72,830. That means the eligibility cut-off is around $21,800.
What is the poverty line in NC 2021?
For a family or household of 4 persons living in one of the 48 contiguous states or the District of Columbia, the poverty guideline for 2021 is $26,500.
What is the area median income for Wake County?
Table
| Population | |
|---|---|
| Mean travel time to work (minutes), workers age 16 years+, 2016-2020 | 25.6 |
| Income & Poverty | |
| Median household income (in 2020 dollars), 2016-2020 | $83,567 |
| Per capita income in past 12 months (in 2020 dollars), 2016-2020 | $42,721 |
Is Raleigh NC affordable?
One of the biggest reasons people move to the Raleigh area is thanks to how affordable the city is. It’s the only major technology city with home prices under the national average.
What is considered poverty level in North Carolina?
By the numbers: The latest five-year figures from the 2016-2020 American Community Survey reveal 14% of North Carolina residents earned incomes below the federal poverty line ($12,760 for a single person in 2020).
What income is upper class in NC?
Upper Class Salary in North Carolina
| Annual Salary | Monthly Pay | |
|---|---|---|
| Top Earners | $64,355 | $5,362 |
| 75th Percentile | $52,691 | $4,390 |
| Average | $48,062 | $4,005 |
| 25th Percentile | $30,568 | $2,547 |
What is the wealthiest zip code in NC?
28207 is most expensive zip code in North Carolina, with a median home listing price of $1,260,133. And recent study by Bloomberg Pursuits found that Charlotte’s 28207 zip code is the fifth richest in the south.
What is the median income for a single person in NC?
The ACS survey shows the median per capita income for North Carolina was $32,021 in 2019.
Do I qualify for NC Low income housing?
Eligibility is determined by your local public housing agency. Your family’s income must be 50% or less of the median income for your county. Public housing agencies are required to distribute 75% of vouchers to applicants whose income is less than 30% of the median county income.
What is the income limit for food stamps in NC?
Check Eligibility
| HOUSEHOLD SIZE | 130% MAXIMUM GROSS INCOME LIMIT | MAXIMUM BENEFIT ALLOTMENT |
|---|---|---|
| 1 | $1,383 | $234 |
| 2 | $1,868 | $430 |
| 3 | $2,353 | $616 |
| 4 | $2,839 | $782 |
