Sentences with phrase «on average household income»

A median gross rent of $ 1,613 is quite affordable on the average household income, and that's exactly how many people in Fremont choose to live.

Nothing on this list should be terribly surprising — save for the eye - popping numbers on average household income.

Not exact matches

It is true that the tax bill would on average generate a cut for households at each level of income.

Because the average salary for a woman still lags behind men's (the American Association of University Women says women earn 82 cents for every dollar a man makes one year after graduation) and lenders favor two - income households over single earners, Lautz says women are «making the most sacrifices to get into a home, but they're still placing a high value on owning a home of their own.»

A recent report from Bank of America Merrill Lynch said that households with an annual income below $ 50,000 spent an average of 21 % of their earnings on energy costs, from home heating oil to filling their gas tanks.

A survey by Statistics Canada in 2009 found that the average household spends 64.4 % of its income on personal taxes, food, shelter and transportation combined — the so - called necessities.

Despite boasting the province's highest average annual household income, Kerrisdale didn't take the top spot in B.C. based on net worth, in part because the area's homes ranked third by price.

The site first looked at the median household income across 98 major cities and calculated the average hourly rate in each (based on a 40 - hour work week).

NerdWallet's 2017 household debt study shows that several major spending categories have outpaced income growth over the past decade; many Americans are putting medical expenses on credit cards; and the average indebted household is paying hundreds of dollars in credit card interest each year.

Connecticut has the second - highest total tax burden, on average, in the U.S.. Although the median household income is a high $ 71,755, taxes consume almost 24 percent of that income.

The latest CBO report on average federal taxes by income group was released in June 2016 and includes data for 1979 - 2013 on before - and after - tax income and taxes paid for each quintile, as well as for the top 1, 5, and 10 percent of households., [20][21] Because of the effort involved in preparing these analyses, CBO's annual updates tend to lag about two years behind the publication of the necessary SOI data.

As a share of total household sector disposable income, the cash flow effect in this scenario is estimated be less than 0.2 per cent on average per annum over each of the next three years (Graph 7).

«Indeed, the median household currently has just over 150 percent of the income needed to buy a median - priced home, which compares to a long - run average of 125 percent,» wrote researchers at Capital Economics in a monthly report on the U.S. housing market.

According to Vancity, based on the average income of Vancouverites, the average property now requires more than 48 per cent of household monthly income.

Methodology: Based on each state's median household income, states were ranked according to the percentage of the median paycheck that was left over after subtracting the following: (1) average housing cost per paycheck, (2) total amount spent on food per paycheck, (3) total amount spent on utilities per paycheck, (4) total amount spent on transportation per paycheck and (5) total amount spent on health per paycheck.

The average Chinese household lives on a quarter of the income that American and Western European households do, and standards of living remain very low in rural parts of the country, and across central and western China.

Just 13.1 % of income was spent on food by the average household in 2016, making it a less important cost than both housing and transportation.

If we assume that disposable household income is currently half of GDP, eight years of real GDP growth of 6.9 % and real disposable household income growth of 7.7 % will only raise the household income share of GDP to 53.1 % in 2023, a little more than 3 percentage points higher and still below its 21st Century average and leaving China as dependent as ever on investment and the current account surplus.

In Raleigh, for example, high - income households receive an average MID benefit of $ 1,996, while spending on Section 8 and MID benefits for low - income households amount to just $ 213 - the difference between these values is a factor of 9.4.

Our focus was on arithmetic mean (average) household incomes by quintile (and the top 5 %) over the 50 - year history of this data series.

Your cost of living would increase 14 % on average if you were a single - income earning household making $ 60,000 a year due to higher taxes, housing and food costs.

We pay, on average, 12 % of our household incomes in personal taxes each year.

By contrast, middle - income US households will on average gain $ 930 each from the tax cut bill passed at the end of last year.

Taking these facts into account, and allowing for the fact that households with debt have, on average, incomes about 30 per cent higher than the average for all households, interest and principal repayments probably account for something like 20 per cent of disposable income among those households who have debt.

- Although liberal families» incomes average 6 percent higher than those of conservative families, conservative - headed households give, on average, 30 percent more to charity than the average liberal - headed household ($ 1,600 per year vs. $ 1,227).

The report said, on average, CAP clients» outstanding debt equates to 96 per cent of annual household income when they seek help.

In dual - income households, fathers put in, on average, 58 hours of total work time a week, compared with 59 hours for mothers.

A modelling exercise for the Resolution Foundation by the Institute for Employment Research and the Institute for Fiscal Studies finds that on the basis of annual average UK growth of 2.5 per cent from 2015 - 2020 — an optimistic scenario — and no further cuts in public spending, living standards will fall for low and middle income households by between 3 and 15 per cent (Brewer et al., 2012).

«It's simply not fair that hard - working people are subsidising the lifestyles of those on higher than average incomes, including tens of thousands of households earning # 50,000 or more.»

Even if we assume generously that the average bottom decile household has 2.5 adults in it, that's # 2190 a year per adult on those essentials, meaning that of their # 7791 disposable income they can be spending at most # 5601 on VATable items.

The newly opened data has already spurred news reports on how much legislators make and how rich they are — on average, they make 3x New York's median household income of $ 57,000, and 27 of 212 are millionaires.

Given that the average income of UKIP voters is lower than that of supporters of the other main parties, and that households with incomes of # 30,000 a year or more are amongst those least likely to vote UKIP, the emphasis on tax cuts for middle and higher earners seems like an odd strategy.

The average white legislator lived in a household income that was 10.7 times their county's living wage, based on cost of living estimates created by a Massachusetts Institute of Technology professor.

He added: «On average, children, young people and households with children each have less disposable income than working age households without children.

When you consider that, on average, low - income households spend nearly 14 % of their total annual income on energy compared to the average household, which spends only 3.5 %, the impact of technology we are celebrating today is very clear.»

Updated figures will be published on Thursday and they are expected to show an increase in the number of children living in households whose incomes are less than 60 % of the UK average — the current measure of child poverty.

The UK Women's Budget Group, a group of independent experts, released analysis by Howard Reed of Landman Economics, showing the poorest 10 % of households will, on average, lose 1.9 % of their weekly income, and the second poorest 10 % will lose 1.6 % from the benefits uprating squeeze.

That this House declines to give a Second Reading to the Welfare Benefits Up - rating Bill because it fails to address the reasons why the cost of benefits is exceeding the Government's plans; notes that the Resolution Foundation has calculated that 68 per cent of households affected by these measures are in work and that figures from the Institute for Fiscal Studies show that all the measures announced in the Autumn Statement, including those in the Bill, will mean a single - earner family with children on average will be # 534 worse off by 2015; further notes that the Bill does not include anything to remedy the deficiencies in the Government's work programme or the slipped timetable for universal credit; believes that a comprehensive plan to reduce the benefits bill must include measures to create economic growth and help the 129,400 adults over the age of 25 out of work for 24 months or more, but that the Bill does not do so; further believes that the Bill should introduce a compulsory jobs guarantee, which would give long - term unemployed adults a job they would have to take up or lose benefits, funded by limiting tax relief on pension contributions for people earning over # 150,000 to 20 per cent; and further believes that the proposals in the Bill are unfair when the additional rate of income tax is being reduced, which will result in those earning over a million pounds per year receiving an average tax cut of over # 100,000 a year.

Expectations are that Chancellor George Osborne will argue that 9 % of all social tenants in England are now on higher incomes while enjoying the benefit of an average # 3,500 - a-year per household in reduced rent.

The IFS says it shows, once all of the benefit cuts are considered, the tax and benefit changes announced in the emergency budget are «clearly regressive», as on average, they hit the poorest households more than those in the upper - middle of income distribution in cash.

Mark - Viverito noted the average rent - stabilized household spends 36.4 % of its income on rent, above the 30 % that is considered affordable.

Florida's scholarship students are among the most disadvantaged — the average household income of scholarship families was only $ 24,067 this year, 4.5 percent above the poverty line — yet on math and read tests, they still score near the national median among all students from all income ranges.

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.

-LSB-...] among the most disadvantaged — the average household income of scholarship families was only $ 24,067 this year, 4.5 percent above the poverty line — yet on math and read tests, they still score -LSB-...]

A sample of 36 Great Expectation model elementary schools were matched with 556 Oklahoma non-Great Expectations elementary schools based on the following variables: ethnicity, free and reduced lunch eligibility, school size, average number of days students absent, percent of parents attending conferences, percent of teachers with advanced degrees, percent passing third grade reading test, district population size, unemployment rate, average household income, teachers per administrator, percent of student's in special education, instructional support budget, and district percent passing Algebra I. Five years of pass rates on third grade reading and third grade math state exams were examined.

Homeschool students score above average on achievement tests regardless of their parents» level of formal education or their family's household income.

Homeowners in these regions pay an average of $ 18,000 in Weston, Conn. to $ 43,000 in Bronxville, N.Y. Bronxville's average property tax bill alone is more than twice the median household income of any of the poorest school districts on this list.

The average U.S. household spends just 16 % of its income on non-recoupable housing costs — either rent payments, or monthly house payments that do not lower the mortgage principal (including mortgage interest, property taxes, maintenance and insurance.)

The median household income of $ 47,000 is certainly sufficient to sustain an average household, and even allow them to save a few dollars, based on the median gross rent of $ 882.

Specifically, except for households of low to modest means, the retirees they tracked were spending less on average than the amount available to them from Social Security, pensions and income from retirement accounts.