These factors lead to an overall higher median income. Hawaii’s cost of living is the highest of all 50 states, especially in housing and cost of groceries, since everything needs to be shipped out to the island state; therefore, the median household income needs to match the high cost of living. Lender may use the AMI limits for purposes of determining income eligibility for HomeReady or other loans that have AMI requirements. The economy is mainly driven by fishing and tourism. Alaska’s median household income is $76,715, making it the sixth-highest in the United States. $165,950. High-paying fields such as information and finance are common in Connecticut. Additionally, New Hampshire has one of the lowest unemployment rates among states of 2.6%. This service is provided for the sole purpose of showing the applicable Area Median Income (AMI) for each applicable census tract. The highest median household income in Massachusetts can be found in Dover, where it sits at $204,018. Unfortunately, Alaska has an unemployment rate of 6.2%, more than double the national rate and the highest of any state in the country. New Jersey is also one of the nation’s most educated states. California’s impressive tech and entertainment industries offer an abundance of high-paying jobs; however, its poverty and unemployment rates are relatively high still at 13.3% and 3.9% respectively. From the job market and the ratio of costs to profits, to the state of the economy and everything else in between, average household income rates fluctuate. Virginia also has the fourth-highest percentage of graduate or professional degree holders in the country. Next, HCD, for all counties, applies its HH policy to ensure area median Massachusetts has the fifth-highest median household income of $77,378. ), Planning & Development Services Contact/Office, COVID-19 HCD, pursuant to federal and State law, adjusts median income levels for all to counties so they are not less than the non-metropolitan county median income established by HUD ($70,700 for 2020). New Hampshire has the highest economic security of any state and boasts the lowest poverty rate in the country of 6.4%. The commonly used income categories are approximately as follows, subject to variations for household size and other factors: Extremely low income: 0-30% of AMI; Very low income: 30% to 50% of AMI The District ranks fourth among the nation’s largest cities in median household income behind San Francisco, San Jose, and Seattle. Connecticut has the seventh-highest median household income of $76,106. HUD’s limits are based on surveys of local area median income (AMI). Ranked ninth in the U.S. for the highest median household income is Virginia. California has the tenth-highest median household income in the U.S. of $71,228. Diego Board of Supervisors Department Contacts Media Information, Child & Family Strengthening Advisory Board, Public Administrator, Guardian, and Conservator, Comprehensive Annual Financial Report (CAFR), Discretionary Permits (Administrative Permits, Major Use, Site Plans, Variances. The percent of change between annual household income rates over the years will give you an idea as to how the economy of the country was at that time. Many factors can influence the median household income across the nation during a given year. Maryland has the second-highest percentage of graduate or professional degree holders and the third-highest percentage of Bachelor’s degree holders, both contributing to its overall higher median income. Connecticut is the fifth-most educated state in the U.S. and has the third-highest percentage of graduate or professional degree holders of any state. In order to keep the results of the survey accurate, people who are extremely wealthy, as well as people who are living at or below poverty, are omitted from the final findings of the survey. Area Median Income (AMI) and Income Limits COVID-19 Emergency Rental Assistance … It is home to San Francisco, which has the highest incomes and the highest costs of living in the country. Massachusetts is the most educated state in the U.S., with the highest percentage of Bachelor’s degree holders and graduate and professional degree holders. Here are the 10 states with the highest median household income. Additionally, D.C.’s poverty rate is 15.5%. County Information (858) 694-3900 2-1-1 San New Hampshire’s top industries are manufacturing, healthcare, and tourism. Area Income : 1 Person : 2 People : 3 People : 4 People : 5 People : 6 People : 7 People : 8 … Virginia also has one of the lowest unemployment rates in the country of 2.6%. The oil dividends that all Alaska residents receive give a good boost to their household income. The amount of money that people bring into their households is directly correlated with the national economy, so depending upon the relationship between these two variables, median household income will either rise or fall from one year to the next. New Jersey has the nation’s third-highest median household income. Hawaii also has a low unemployment rate of 2.7%. The nation’s capital, Washington, D.C. has the highest median household income in the United States of $82,604. New Hampshire’s median household income is $74,057, making it the eighth-highest in the United States. $75,700. Home, General *Due to adjustments by the Department of Housing and Urban Development (HUD), the income percentages will not … https://en.wikipedia.org/wiki/List_of_California_locations_by_income $90,840. California has one of the highest costs of living in the country. Located in the northern Silicon Valley, in the San Francisco Bay Area, Los … The results of the Census ACS survey reveals the average income for people in the United States. The median household income is $79,363 in New Jersey. $138,250. Incomes are not evenly distributed, however, as the median income for D.C.’s black population is $42,161 while for the white population it was $134,358. 6. Emergency Rental Assistance Program. If the term Area Median Income (AMI) is used in an unqualified manor, this reference is synonymous with HUD's MFI. SanDiegoCounty.gov The high median income is particularly helpful for those looking to live near New York City, as housing prices increase significantly the closer one lives to the city. Hawaii’s median household income is $78,084, making it the fourth-highest in the country. Virginia’s median household income is $71,564, likely attributed to its proximity to Washington D.C. Government jobs in northern Virginia are among the highest paying in the state. Otherwise, the report would not accurately reflect the median household income. etc. Instead, the very large incomes and the very minimal incomes would offset the average. California … $121,150. Los Altos – $208, 309. Connecticut’s unemployment rate is 3.6%, above the national average but still generally low, and its poverty rate is 10.1%. $45,450. Maryland’s median household income is $81,868 making it the second-highest in the country. 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