Sentences with phrase «median household income means»

Not exact matches

Property values are relatively low compared to the median household income, which means Robins residents get a big bang for their buck.

But the Tar Heel State is higher in our rankings thanks to a higher median household income, which means residents have a bigger percentage of their paychecks left over after expenses.

This means they pay the equivalent of about ELEVEN median income households (2 people working, $ 80k total) in North Carolina.

For example, a whopping large percentage of American households are below the MEAN household income, but exactly half are below the MEDIAN.

Currently, the federal poverty level for a household of four is $ 23,550, which means that a household of four at 300 % of the poverty level would be making $ 70,650, which is more than median household income ($ 51,017).

For both officials, the increased earnings means they'll be making more than the median household income of their districts.

The median and mean percentages of annual household income contributed by forest production were 5 percent and 12.8 percent, respectively.

The law places no limits on recipients» household incomes (i.e., it's not «means - tested» for low - income families), and in fact the average adjusted gross income of recipient families was $ 51,923, slightly higher than the state's 2012 median income.

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.

The 2017 Demographia International Housing Affordability Survey gives Vancouver a rating of 11.8, meaning median home prices are 11.8 times higher than median household income.

MEANS TEST EXPENSES: If a debtor's household income is above the New York State median, the Means Test then requires completion of a complicated expense calculaMEANS TEST EXPENSES: If a debtor's household income is above the New York State median, the Means Test then requires completion of a complicated expense calculaMeans Test then requires completion of a complicated expense calculation.

The median American household has an annual income of $ 52,100 per year — so if you have an average income, this means that your total credit card debt should ideally be less than $ 5,200.

If the household income is more than the median income, the filers have to pass the Means Test in order to qualify.

Basically, the Means Test law states that if a household who wants to file a Chapter 7 makes at or below the median income for the same size household within their state, the filers automatically qualify to file a Chapter 7.

If your income for your household size is greater than your median income level, it does not automatically mean that you have to file a Chapter 13.

Overall, Hordaland county is considered representative of Norway with regards to gender and rural / urban residence distribution, and the median household income is also similar to that of the national average.37 In the period 2005 — 2010, the mean proportion of children characterised as being relative poor (see details below) in Hordaland county was slightly lower (7.3 %) than in the country as a whole (8.9 %).

Maine's 2008 median household income at $ 45,888 is the lowest in New England, yet the state of Maine has decided that professionals working in the field of mental health counseling merit the highest mean salary in the country.

An index of 100 means that median - income household has exactly enough income to qualify for the purchase of a median - priced existing single - family home, also accounting for a 20 percent down payment and 25 percent of gross income devoted to the mortgage principle and interest payments.

An index of 120 means a household earning the national median income earns 120 percent of what it needs to qualify for a mortgage on a house priced at the national median.

An index rating of 100 means that a household earning a median income could afford the mortgage payments on a median - priced home.

An increase in home prices, means that a potential buyer with a median household income is finding it more difficult to find a median - priced home.»

NAR's affordability index is at its highest level ever, at nearly 170, which means households earning the national median income have 170 percent of the income needed to buy a home at the national median price.

Consider again this same «typical family of four,» but this time assign them a median family income of $ 73,000 rather than the median household income of $ 59,000 as per the example put forward by the House Ways and Means Committee.

The state median household income of $ 65,321 is the fifth highest in the nation, giving families more means within which to live.