Area Median Income

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The Area Median Income (AMI) represents the median family income for a family of a particular size in a Metropolitan Statistical Area (MSA). The U.S. Department of Housing and Urban Development (HUD) utilizes this dollar amount in order to determine housing affordability and loan qualifications within a specific area.

Localities often define affordable housing as housing which is affordable for a family earning less than a set percentage of the AMI.

In 2008, the AMI in the Charlottesville MSA for a family of four was $68,500.[citation needed]

Area median income groups include:

  • Extremely low income - under 30% AMI
  • Very low-income - 30%-60% AMI
  • Low income - 60%-80% AMI

Other income measures include Adjusted Gross Income (AGI) and Median Family Income.