Affordable Housing

Area Median Income

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About Affordable Housing

photo of housing in NYC

The New York City Department of Housing Preservation and Development (HPD) promotes the quality and affordability of the city's housing and the strength of its many neighborhoods.

Housing is considered affordable if it costs about one-third or less of what the people living there earn. Income eligibility and rent for City-financed affordable housing projects are based on a measure called Area Median Income (AMI).

Area Median Income (AMI)

The AMI for all cities across the country is defined each year by U.S. Department of Housing and Urban Development (HUD). The 2023 AMI for the New York City region is $127,100 for a three-person family (100% AMI).

2024 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 of the column where you find your family income, see the % of AMI that is associated with (or closet to) your family income.
Family Size 20% AMI 30% AMI 40% AMI 50% AMI 60% AMI 70% AMI 80% AMI 90% AMI 100% AMI 110% AMI 120% AMI 130% AMI 165% AMI
1 $21,740 $32,610 $43,480 $54,350 $65,220 $76,090 $86,960 $97,830 $108,700 $119,570 $130,440 $141,310 $179,355
2 $24,860 $37,290 $49,720 $62,150 $74,580 $87,010 $99,440 $111,870 $124,300 $136,730 $149,160 $161,590 $205,095
3 $27,960 $41,940 $55,920 $69,900 $83,880 $97,860 $111,840 $125,820 $139,800 $153,780 $167,760 $181,740 $230,670
4 $31,060 $46,590 $62,120 $77,650 $93,180 $108,710 $124,240 $139,770 $155,300 $170,830 $186,360 $201,890 $256,245
5 $33,540 $50,310 $67,080 $83,850 $100,620 $117,390 $134,160 $150,930 $167,700 $184,470 $201,240 $218,010 $276,705
6 $36,020 $54,030 $72,040 $90,050 $108,060 $126,070 $144,080 $162,090 $180,100 $198,110 $216,120 $234,130 $297,165
7 $38,520 $57,780 $77,040 $96,300 $115,560 $134,820 $154,080 $173,340 $192,600 $211,860 $231,120 $250,380 $317,790
8 $41,000 $61,500 $82,000 $102,500 $123,000 $143,500 $164,000 $184,500 $205,000 $225,500 $246,000 $266,500 $338,250
9 $43,480 $65,220 $86,960 $108,700 $130,440 $152,180 $173,920 $195,660 $217,400 $239,140 $260,880 $282,620 $358,710
10 $45,980 $68,970 $91,960 $114,950 $137,940 $160,930 $183,920 $206,910 $229,900 $252,890 $275,880 $298,870 $379,335

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

Income Bands and Percent of AMI

Income Band Percent of AMI
Extremely Low-Income 0-30%
Very Low-Income 31-50%
Low-Income 51-80%
Moderate-Income 81-120%
Middle-Income 121-165%

2023 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 the maximum affordable rent for each apartment size listed in the column under "Unit Size."
Unit Size 30% AMI 40% AMI 50% AMI 60% AMI 70% AMI 80% AMI 90% AMI 100% AMI 110% AMI 120% AMI 130% AMI 165% AMI
Studio $636 $848 $1,060 $1,272 $1,484 $1,696 $1,908 $2,120 $2,332 $2,544 $2,756 $3,498
One-bedroom $794 $1,059 $1,324 $1,589 $1,854 $2,119 $2,383 $2,648 $2,913 $3,178 $3,443 $4,370
Two-bedroom $953 $1,271 $1,588 $1,906 $2,224 $2,542 $2,859 $3,117 $3,495 $3,813 $4,130 $5,242
Three-bedroom $1,101 $1,468 $1,835 $2,202 $2,569 $2,937 $3,304 $3,671 $4,038 $4,405 $4,772 $6,057

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

To see where you and your family fit in, see our Do You Qualify webpage.