HUD: $83,700 a year is now considered low-income in Honolulu
HONOLULU (HawaiiNewsNow) - An Oahu family of four earning up to $83,700 this year is considered "low income" under new U.S. Housing and Urban Development calculations that take the cost of housing into account.
That's up by more than $3,000 from last year.
The HUD income limits are used to determine who can qualify for affordable and subsidized housing programs.
The guidelines consider a family of four earning up to $52,300 in 2017 "very low income."
Meanwhile, a single person earning up to $58,600 is deemed low income. (Anyone earning $35,200 or less is considered very low or extremely low income.)
And a family of seven can be considered low income, even if they're earning six figures. The low-income limit for the family size is up to $103,800.
Income limits are based on fair market rents.
One other concerning element of the new numbers: HUD showed Oahu's median income going down in 2017 by about $1,000 to $86,600.
Oahu isn't the worst when it comes to high rents, but it's certainly among the highest in the nation.
In San Francisco and San Mateo counties, a family of four earning $105,000 a year is considered low income.
Copyright 2017 Hawaii News Now. All rights reserved.