News: March 23, 2007
Time for a Raise?
Affordable rent is in parentheses; it's calculated by multiplying
the median family income by .3 (as federal guidelines recommend
spending no-more than 30% of your income on housing), then diving
the number by 12 (as in 12 months). For Travis County, MFI in fiscal
year 2006 was $69,600, for a family of four.
| Household
Size |
One
Person |
Two
People |
Four
People |
80%
MFI
(low-income defined by HUD) |
39,850
($996/mo.) |
45,500 ($1,138/mo.) |
56,900
($1,423/mo.) |
| 100%
MFI* |
48,700
($1,218/mo.) |
55,700
($1,393/mo.) |
69,600
($1,740/mo.) |
| 120%
MFI* |
58,450
($1,461/mo.) |
66,800
($1,670/mo.) |
83,500
($2,088/mo.) |
*
MFI figures were calculated by city of Austin and not defined
directly by HUD.
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