Sentences with phrase «use median household income»

Why use median household income when households have become smaller in past decades?

Using median household income data for Phoenix, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate.

Not exact matches

Last year, median household income in the United States was $ 59,039 — lower than the $ 59,992 median in 2007 or the $ 60,399 median income in 2000 — based on calculations by the Economic Policy Institute using Census data.

Then, we examined the household median income by city using data from Sperling's Best Places.

To find out what a typical mortgage with Wells Fargo might cost, we used the American median household income, median single - family home price and a 10 % down payment on a 30 year fixed - rate loan of $ 178,200.

Using the conventional total debt - to - income ratio, where debt is measured as a share of income, college - educated student debtors are by far the most indebted.2 The median college - educated student debtor has total debt equal to about two years» worth of household income (205 %).

To better compare income tax burdens across counties, we used the national median household income.

HOME program funds may only be used to assist households with incomes at or below 80 percent of area median income.

If we use the 2010 median household income from the U.S Census Bureau, $ 50,000, and assume that there are two parents in the home that works out to your time being worth roughly $ 12 / hour.

Use the following link to determine the maximum income limit for your community and household size (80 % of area median income, adjusted for household size): https://www.huduser.gov/portal/datasets/il.html

Once census tracts were categorized as predominantly black, white, or Hispanic, we used census tract - level median household income from the U.S. Census Bureau alongside the Zillow Home Value Index (ZHVI) and Zillow Rent Index (ZRI) to calculate rent and mortgage burdens in census tracts.

Using the conventional total debt - to - income ratio, where debt is measured as a share of income, college - educated student debtors are by far the most indebted.2 The median college - educated student debtor has total debt equal to about two years» worth of household income (205 %).

To put car insurance costs in context, we calculated the percent of each state's annual median household income that's spent on car insurance, using average car insurance rates by state.

The equivalence scale used in the current study is the European Union scale (a modification of the OECD equivalence scale) where the first adult is given a weight of 1, subsequent adults are given a weight of 0.5 and each child < 14 years of age is given the weight 0.3.40 From this measure of family income, we calculated the proportion of adolescents in relative poverty, defined as having an equivalised household income < 60 % of the equivalised national median income for that particular year (eg, to calculate relative poverty proportions for 2004, we used the median income for 2004).

The median household disposable income reported by the UK National Office for Statistics (ONS) for the financial year ending 2015 (# 25,700; ONS 2016) was used to create a dummy variable for household income (below / equal and above the median).

The link between building and income is comparable: a one percentage point increase in the median household income (also using data from 2010 to 2016) leads to a 2.1 percent upswing in permits, on average, the study shows.

To better compare income tax burdens across counties, we used the national median household income.

Methodology: GOBankingRates surveyed all 50 states, analyzing eight data points that served as determining factors in the ranking: (1) median household income, sourced from the Census Bureau in 2015 dollars; (2) median home listing price as of June 2017, sourced from Zillow; (3) food spending, using the grocery index sourced from Missouri Economic Research and Information Center and multiplying it against the average amount spent on food from the BLS consumer spending survey from July 2015 - July 2016; (4) employee health insurance premium contribution, sourced from the Commonwealth Fund; (5) annual child care costs for an infant and a 4 - year - old, sourced from Child Care Aware of America; (6) whether the state offers paid time - off for family leave; (7) whether the state has expanded the earned - income Tax Credit at the state level; (8) whether the state expanded Medicaid coverage as part of the Affordable Care Act.