Housing Preservation & Development311Search all NYC.gov websites
Area Median Income
About Affordable Housing
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?
- Find your family size in the left column.
- Follow that row across until you find how much your family earns per year.
- 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 | 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 | $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 | $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 | $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 | $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 | $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 | $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 | $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 | $61,500 | $82,000 | $102,500 | $123,000 | $143,500 | $164,000 | $184,500 | $205,000 | $225,500 | $246,000 | $266,500 | $338,250 |
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% |
2024 New York City Area Affordable Monthly Rents
How do I use this chart?
- Find your percent of AMI in the chart above.
- 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 | $815 | $1,087 | $1,358 | $1,630 | $1,902 | $2,174 | $2,445 | $2,717 | $2,989 | $3,261 | $3,532 | $4,483 |
| One-bedroom | $873 | $1,165 | $1,456 | $1,747 | $2,038 | $2,330 | $2,621 | $2,912 | $3,203 | $3,495 | $3,786 | $4,805 |
| Two-bedroom | $1,048 | $1,398 | $1,747 | $2,097 | $2,446 | $2,796 | $3,145 | $3,495 | $3,844 | $4,194 | $4,543 | $5,766 |
| Three-bedroom | $1,211 | $1,615 | $2,018 | $2,422 | $2,826 | $3,230 | $3,633 | $4,037 | $4,441 | $4,845 | $5,248 | $6,661 |
Note: The above rents represent the maximum rent that can be charged by AMI; specific rent amounts may vary by program. 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.