Sentences with phrase «median income means»

Not exact matches

Entrepreneurs are also attracted by the local economy of Troy, where the median annual income of $ 72,333 is complemented by a median housing cost of $ 1,366 a month, which means a resident would plan for about 22.2 % of income for housing, the second - lowest proportion in the top 10 cities.

The productivity - median compensation divergence can be broken down into two aspects of rising inequality: the rise in top - half income inequality (divergence between mean and median compensation) which began around 1973, and the fall in the labour share (divergence between productivity and mean compensation) which began around 2000.

Using mean values suggests that Canada lags the US by about 17 % (2009 data Wikipedia, but if one uses median values, the gap drops to about 7 % (see this Mark Thoma blog for the Distribution of Income in OECD Countries.

Median net worth for those in the second lowest quintile of incomes — which in 2013 meant incomes from $ 23,300 to $ 40,499 — dropped by more than half.

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.

Tenants make less than half the median income of homeowners in the province and the dearth of vacancies — about 1 per cent in the city — means rents continue to climb.

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

This is a HUGE negative for residents in coastal cities like New York and San Francisco where property tax alone can be $ 18,000 a year based on the median home price of $ 1.5 M. Further, a taxable income of over $ 400,000 means a state income tax amount of over $ 26,000.

Median incomes were up about 8 % from 2011 to 2015, meaning people in New Orleans have more spending power.

That means the monthly P&I payment can not exceed 25 percent of the median family monthly income.

To interpret the indices, a value of 100 means that a family with the median income has exactly enough income to qualify for a mortgage on a median - priced home.

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

This means putting aside political chimeras like flat taxes and focusing instead on conservative policies that will directly benefit working families around the median income.

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).

Indeed the working classes in most countries have incomes substantially higher than the median, sometimes even the mean income.

The famous Meltzer - Richard economic model of redistribution essentially assumes that if the median voter has an income below the mean, the only thing that prevents them from setting a tax rate of one hundred percent is that rich people might stop working so hard.

She told Radio 4's Today programme that this meant the government wanted to help children who «don't perhaps quality for free school meals, the pupil premium, but they are growing up in families that are on below median incomes».

The first option would require the builder to allocate a quarter of their new units to people making 60 percent of the federally - set area median income — meaning the apartments would be priced for a family of three making $ 47,000 annually.

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.

California's median family income is 12 percent higher than Florida's, meaning families have more resources to devote to their children's education.

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.

Note: gazillion is a technical term, which in this case means something less than a million and more than the average median income in my state.

In 2005, a law was passed requiring bankruptcy filers to pass a means test proving their current monthly income (as defined in chapter 7 of title 11 of the United States Code) is below their state's median income.

To file Chapter 7 bankruptcy, you must pass a means test showing that your income is less than your state's median income.

As a rule of thumb, an affordability ratio less than 28 % is ideal; it means that someone living in the neighborhood on the median income can reasonably afford the median house without a huge strain on their budgets.

If this income exceeds certain median family income figures, a second phase of the means test comes into play.

This means test first checks to see if your current monthly income (as defined in chapter 7 of title 11 of the United States Code) is below the median income in your state.

In cases where your income exceeds the Arizona median, you will need to subject your income and expenses to the means test, a government - derived formula that analyzes your disposable income.

Before you can file Chapter 7 bankruptcy, you must pass a means test proving your current monthly income (as defined in chapter 7 of title 11 of the United States Code) is below the median income in your state.

If the average income is 36.5 K, this means some are higher and some are lower, but only the median would tell us how many above and below.

As a result, those earning more than the median income in their state must pass the means test in order to qualify for Chapter 7 bankruptcy.

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.

B 122A - 2: Chapter 7 Means Test Calculation (This is needed if your income is above the state median income.)

Loonie said If the average income is 36.5 K, this means some are higher and some are lower, but only the median would tell us how many above and below.

However, if your income is above the median, your income and expenses will be evaluated under the means test.

Based on a median gross rent of $ 1,288, that means that the median income is insufficient for a family to rent an apartment in Glendale.

To apply the means test, the courts will look at your average income for the 6 months before filing and then compare it to the median income for your state.

This means that a borrower in any area which has experienced a significant change in population and / or median income between 2000 and 2010 may lose eligibility for the Kentucky Rural Housing or USDA RHS Loan Program.

Their total income was greater than the median for their state, so their disposable income calculation was based on the «means test» defined in 11 U.S.C. § 707 (b)(2).

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.

Under the new rules, you must take a «bankruptcy means test,» which compares your income with the median income of a family the same size in your state.

If filing for bankruptcy seems like your golden ticket out of debt, it's time to learn about what's meant by median income and means testing.

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.

TOTALITY OF CIRCUMSTANCES TEST: Even if the debtor has below - median income or if the Means Test expenses exceed income, there is a further analysis, the Totality of Circumstances test.

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.

At its simplest, the means test is based on the average California median income according to family size.

For those who have an income greater than the median income, the Means Test was devised to determine whether or not you qualify to file a Chapter 7 bankruptcy.

The good news is that the federal government has recently, as of May 1, 2012, posted the median amount of income across the United States used in figuring the means test qualification for filing a Chapter 7 bankruptcy.