Learn More: Area Median Income

Metadata

Variable Definition:
Below 30% of Area Median Income: The percent of families whose incomes do not exceed 30 percent of the median family income for the Riverside area 
30 - 50% of Area Median Income: The percent of families whose incomes are between 30 and 50 percent of the median family income for the Riverside area
50 - 80% of Area Median Income: The percent of families whose incomes are between 50 and 80 percent of the median family income for the Riverside area
80-100% of Area Median Income: The percent of families whose incomes are between 80 and 100 percent of the median family income for the Riverside area
Above 100% of Area Median income: The percent of families whose incomes exceed 100 percent of the median family income for the Riverside area
Source:
U.S. Department of Housing and Urban Development (HUD)
Years Available:
2013 - 2015
Geographic Unit
Census Tract

Why are these Variables Important to Measure?

Area Median Income
Area median income is a measure used by the U.S. Department of Housing and Urban Development (HUD) to determine (1) which households are eligible to live in income-restricted housing units and (2) the affordability of housing units for low-income households.  A housing unit is considered to be affordable if the occupants pay no more than 30% of their monthly income on housing costs.
The area median income in this dataset is based on the median family income for a family of four, with the area defined as the Riverside-San Bernardino-Ontario, CA metro area. According to HUD, the median family income for the Riverside metro area was $65,800 in 2018.

Citations
Metropolitan Council. AMI and Housing Affordability. March 2018. Link
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