Area Median Income (AMI)

Affordability and Area Median Income (AMI)

Housing is considered affordable when a household spends no more than one-third of its income on rent. Housing New York aims to create and preserve housing for people earning a wide range of incomes.

The median income for all cities across the country is defined each year by U.S. Department of Housing and Urban Development (HUD). The 2018 AMI for the New York City region is $93,900 for a three-person family (100% AMI).

2018 New York City Area AMI 

How do I use this chart?

  1. Find your family size in the left column.
  2. Follow that row across until you find how much your family earns per year.
  3. At the top fo the column where you find your family income, see the % of AMI that is associated with (or closet to) your family income.

Family
Size
30% of
AMI
40% of
AMI
50% of
AMI
60% of
AMI
80% of
AMI
100% of
AMI
120% of
AMI
130% of
AMI
165% of
AMI
1 $21,930 $29,240 $36,550 $43,860 $58,480 $73,100 $87,720 $95,030 $120,615
2 $25,050 $33,400 $41,750 $50,100 $66,800 $83,500 $100,200 $108,550 $137,775
3 $28,170 $37,560 $46,950 $56,340 $75,120 $93,900 $112,680 $122,070 $154,935
4 $31,290 $41,720 $52,150 $62,580 $83,440 $104,300 $125,160 $135,590 $172,095
5 $33,810 $45,080 $56,350 $67,620 $90,160 $112,700 $135,240 $146,510 $185,955
6 $36,300 $48,400 $60,500 $72,600 $96,800 $121,000 $145,200 $157,300 $199,650

Source: U.S. Department of Housing and Urban Development

Income Bands and Percent of AMI

Income BandPercent of AMI
Extremely Low-Income 0-30%
Very Low-Income 31-50%
Low-Income 51-80%
Moderate-Income 81-120%
Middle-Income 120-165%

2018 New York City Area Affordable Monthly Rents

How do I use this chart?
  1. Find your percent of AMI in the chart above.
  2. Locate your percent of AMI in this chart to see how much rent is considered affordable for each apartment size listed in the column under "Unit Size."

Unit Size30%40%50%60%70%80%100%120%130%
Studio $367 $524 $680 $837 $1,040 $1,197 $1,510 $1,823 $1,979
One-bedroom $471 $667 $863 $1,058 $1,313 $1,509 $1,900 $2,292 $2,487
Two-bedroom $575 $810 $1,045 $1,280 $1,585 $1,820 $2,289 $2,759 $2,993
Three-bedroom $658 $929 $1,200 $1,472 $1,824 $2,096 $2,638 $3,181 $3,452

*Assumes tenant pays electricity, no electric stove. Rents are approximate and have been calculated at 30% of annual gross income of the target AMI. For low-income bands, rents are based on 30% of 27%, 37%, 47%, and 57% of AMI. All rents are subject to program requirements. 

Note: Refer to 421-a, HOME/LIHTC, program term sheets, or unit advertisements for more specific information.