Sentences with phrase «large median income»
Large number means large median income for means test purposes.
https://www.consumerhelpcentral.com/ Not exact matches
The firm argues that median house prices should be no more than three times larger than gross median household incomes to remain affordable, and to prevent housing bubbles.
In Indianapolis, the nation's 15th largest city, homeowners need only earn the median area income in order to afford the median priced home.
Massachusetts has the third - highest total tax burden, due in large part to big income tax bills on the state's high median household income of $ 70,954.
New Mexico has the seventh - lowest total tax bill, on average, in the U.S. Property and income taxes paid are among the lowest of all states — due, in large part, to a low median income and a low median home value in the state.
Palo Alto's median household income is $ 137,043 — more than double that of the U.S. at large.
A buyer in the western U.S., where median prices are around $ 350,000, will need to devote a larger share of disposable income to buy a home, says the trade group.
Among the 30 largest metro areas surveyed by the Census Bureau, only greater Tampa had a lower median household income.
Even there, the difference is not large - median incomes, overall, have fallen 7 percent in real terms since 1976; median incomes of single non-elderly men have fallen 10 percent.
For example, a whopping large percentage of American households are below the MEAN household income, but exactly half are below the MEDIAN.
In Worcester, Massachusetts, New England's second - largest city, only one household in seven in 1987 had enough income to purchase a median - priced house; in 1980 the figure was one in two.
«National economic growth slowed in 2016 and New York is not immune,» Morris Peters, a Budget Division spokesman said, «but under this administration unemployment is down in every region of the state, median household income growth is outpacing the nation as a whole, taxes are down for every New Yorker, and upstate is benefiting from the largest economic development investment in history.»
A closer look at the data reveals something very important — countries where people ate a large amount of foods containing refined carbohydrates also had lower median income levels and poor access to education.
The median household income for black families in 2001 was $ 33,600, while it was $ 54,100 for whites, a difference that can be attributed in part to the large number of black families headed by a single parent (see Figure 2).
It's worth noting there is a more than $ 100,000 gap between the average and median household incomes ($ 193,879 vs $ 82,722, respectively), suggesting a small number of families account for a large part of the wealth.
The median household income is $ 45,230, but this figure is a bit skewed just like median rents would be because of the large area and many neighborhoods that Brooklyn encompasses.
It is important to remember that the means test calculates median income based on household size, so if your household is larger than a single individual, your median income will be compared against a family with a similar headcount.
Interestingly, in contrast to the largest city in the state, Baltimore's depiction on the popular television show The Wire, Maryland boasts the highest median household income in the country, making it the wealthiest state in America.
One of New Hampshire's larger cities, Rochester snags a spot on our list thanks to its relatively low violent crime rate and higher median income.
Mylan Technologies is one of the area's largest employers and locals earn a median income of just over $ 45,000.
The median income in Texas at large is about $ 51,000, but McKinney has a somewhat higher median income at $ 79,100.
Breaking down mortgage payment information by incomes showed that median payments were larger for census respondents in higher income brackets.
, which is much larger than median income.
Violent crime occurs less frequently compared to its larger neighbors and workers will appreciate the generous median income.
The Freddie Mac Home Possible Advantage is a great mortgage option if you don't have the funds for a large down payment and live below the Area Median Income.
However, mortgage debt statistics vary widely across the U.S. states with the large disparity in median home value for homes with a mortgage ($ 137,300 to $ 602,700) and median household income for homeowners with a mortgage ($ 68,744 to $ 143,414), both affecting the ability to pay and the need to take out loans.
The study looked at 25 of the largest cities in the U.S. and compared the median income to the average cost of a new car, taking into account local tax rates and insurance costs.
In a yet - unpublished study, (Dell et al., 2008) find that climate (change) has no effect on economic growth in countries with an income above the global median ($ PPP, 20003170) but a large impact on countries below the median.
In 14 large US metros, rent takes up more than 30 % of the median income, widely considered the standard for unaffordable housing costs.
The median income in Texas at large is about $ 51,000, but McKinney has a somewhat higher median income at $ 79,100.
While wages lag slightly behind those found in the larger cities of Boston and Springfield, the median income in Lowell is in line with the national average.
Recent research conducted in mainland China found that obesity prevalence was higher among children in wealthier families, 4 but the patterns were different in Hong Kong with higher rates of childhood obesity among lower income families.4 5 Hong Kong, despite having a per capita gross domestic product of Hong Kong dollar (HK$) 273 550, has large income differences between rich and poor as reflected by a high Gini coefficient of 0.539 reported in 2016; approximately 20 % of the population are living in poverty as defined by a monthly household income below half of the Hong Kong median.6 It is widely accepted that population health tend to be worse in societies with greater income inequalities, and hence low - income families in these societies are particularly at risk of health problems.7 In our previous study, children from Hong Kong Chinese low - income families experienced poorer health and more behavioural problems than other children in the population at similar age.8 Adults from these families also reported poorer health - related quality of life (HRQOL), 9 with 6.1 % of the parents having a known history of mental illness and 18.2 % of them reporting elevated level of stress.
The typical Gen X buyer was 42 years old, had a median income of $ 104,700 ($ 104,600 a year ago) and typically purchased the largest home compared to other generations (2,200 - square feet), costing $ 263,200 ($ 250,000 last year).
NAR reviewed data on homeownership rates1, changes in single - family median home prices and a measure of inequality (the Gini Index) between 2010 and 2013 to estimate wealth and income inequality in 100 of the largest metropolitan statistical areas2 across the U.S.
A recent analysis from Zillow reveals homebuyers in over half of the nation's 35 largest housing markets will need more of their income to afford mortgage payments on a median - valued home than the historic spend.
Indeed, inflation - adjusted median household income rose by 5.2 % in 2015, the largest increase since at least 1968, while the poverty rate fell to a post-recession low (although it remains uncomfortably high at 13.5 % compared with 11 % in 2000).
As newer members make up a larger segment of the overall population of commercial REALTORS ®, it's perhaps unsurprising that the median annual income and number of sales transactions of the group decreased slightly.
Affordable lending coupled with the increase in overall median household income as reported by the U.S. Census Bureau in September could also positively impact market activity through the end of the year, as the jump in income levels was one of the largest annual increases ever recorded.
To pinpoint these promising places, we started with the nation's 75 largest metropolitan areas and ranked them based on average monthly rent, median household income for renters, residential rental vacancy rate and overall cost of living.