Area Median Income (AMI) Affordability Calculator

The Area Median Income (AMI) Affordability Calculator is an essential tool for individuals, families, and housing professionals to assess housing affordability based on local income standards. AMI is the midpoint of a region's income distribution, calculated annually by the Department of Housing and Urban Development (HUD) and used to determine eligibility for various affordable housing programs, including Section 8 vouchers, Low-Income Housing Tax Credits, and other government assistance programs.

This calculator helps you understand how your household income compares to your area's median income and calculates the maximum affordable housing costs you can reasonably afford. It considers standard affordability guidelines, such as spending no more than 30% of your gross income on housing costs, and provides detailed breakdowns for rent, mortgage payments, and total housing expenses. The calculator is particularly valuable for first-time homebuyers, renters seeking affordable housing, and social workers helping clients navigate housing assistance programs.

Understanding AMI-based affordability is crucial for making informed housing decisions and accessing available resources. Whether you're applying for affordable housing, determining your homebuying budget, or working in housing policy, this calculator provides the analytical framework needed to assess housing affordability within the context of your local market conditions and income standards.