"Median income" refers to the middle amount of money earned by the people in a specific group or area. It is the income that separates the higher-earning half from the lower-earning half of the population.
Full definition
Residents earn the highest
median income of any city on our list and they're also among the most educated.
That's largely because they have the eighth - highest
median income in the country.
The homes will incorporate water - use reduction, insulation, and other green building features, and will be affordable to families at or below 90 percent of
area median income.
At least 60 percent of homeowners are installing solar panels in zip codes
with median incomes ranging from $ 40,000 to $ 90,000.
The ratio of a mortgage payment versus the median monthly income was worst in places where local households earned at or below the national
median income level.
There are fears that many working families
on median incomes will be unable to afford to stay in their home or find an affordable local alternative.
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.
Borrowers eligible for this program do not make more than 115 % of the
average median income for the area.
People with
below median incomes these days are tax consumers thanks to the earned income credit and all the other welfare programs.
The typical opt out activist is a highly educated, white, married, politically liberal parent whose children attend public school and whose
household median income is well above the national average.
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.
Your plan may be for three years if your income is less than the
state median income for your family size, and you filed Chapter 13, not chapter 7.
For many singles, these considerations will be just as important
as median income and credit score, if not more so.
If you are
above median income in your state (meaning ineligible for Chapter 7), it is easier to walk from your mortgage than your credit card debt.
Housing costs are low in comparison to the
local median income, and the crime rate is also relatively low.
Data suggest that an additional $ 20,000 in neighborhood
median income increased the odds of participation by 27 %.
That's one of the lowest differences in the top 10, but home values may continue to grow
because median incomes in the area are rising rapidly.
If your annualized
median income falls below the state median, you're all set — no need to dive deeper, as you are presumed to qualify for Chapter 7 bankruptcy.
A high
median income means you'll probably be earning a better salary than you would elsewhere.
Your income must be below your state's
median income per household to qualify for Chapter 7 bankruptcy.
Although median incomes didn't influence our rankings, it's worth noting that residents enjoy some of the highest wages of any city in our study.
An average commute of slightly over 20 minutes and
median incomes near the $ 50,000 range also make the city a top pick among working professionals.
In order to find the housing markets on the rise, we looked at data on population change, housing unit change,
median income change and median home value change.
Depending on the size of your household and the
applicable median income, you may qualify for Chapter 7 or be forced into Chapter 13.
«Not all of these students were from wealthy families but most were; as parents typically had advanced educational degrees and
median incomes much higher than national norms,» she added.
It has a significantly above - average wage premium for college graduates, a
solid median income, and a below - average cost of living.
Safe neighborhoods, an average commute of under 15 minutes and a higher
median income round out the list of things that make it such a desirable place to call home.
Recent years have seen an influx of professionals who find the short commute to work and higher
median incomes desirable.
Due to the
shrinking median income and rising costs of travel, middle - class people are having to budget in order to make their vacation more affordable.
In addition to noting the average medical sales salary in various categories, the report occasionally
notes median incomes as well.
The program provides funds towards the purchase of a single - family home or a condominium unit for
median income first time homebuyers.
The «major» aspect assured sufficient population density and a high
enough median income to support minimum sales thresholds.
It's limited to borrowers with a maximum of 100 percent of
area median income, or those who purchase in «underserved» areas.
Those
on median incomes will find it more difficult than ever to purchase a first time home.
In addition, borrowers must earn less than their area's
median income in order to qualify for matching contributions / grants.
That was the fastest year - to - year jump in at least a decade, and the highest
median income level since 2009.
Phrases with «median income»