FY 2021 Income Limits Summary

 

Selecting any of the buttons labeled "Explanation" will display detailed calculation steps for each of the various parameters.

FY
2021
Income
Limit
Area
Median
Family
Income
FY 2021
Income Limit
Category
Persons in Family
1 2 3 4 5 6 7 8
Jersey City, NJ
HUD Metro
FMR Area
$84,700 Very Low (50%) Income Limits ($)
36,250 41,400 46,600 51,750 55,900 60,050 64,200 68,350
Extremely Low Income Limits ($)*
21,750 24,850 27,950 31,050 33,550 36,050 40,120 44,660
Low (80%) Income Limits ($)
58,000 66,250 74,550 82,800 89,450 96,050 102,700 109,300

NOTE: HUD generally uses the Office of Management and Budget (OMB) area definitions in the calculation of income limit program parameters. However, to ensure that program parameters do not vary significantly due to area definition changes, HUD has used custom geographic definitions for the Jersey City, NJ HUD Metro FMR Area.

The Jersey City, NJ HUD Metro FMR Area contains the following areas: Hudson County, NJ;

* The FY 2014 Consolidated Appropriations Act changed the definition of extremely low-income to be the greater of 30/50ths (60 percent) of the Section 8 very low-income limit or the poverty guideline as established by the Department of Health and Human Services (HHS), provided that this amount is not greater than the Section 8 50% very low-income limit. Consequently, the extremely low income limits may equal the very low (50%) income limits.