What is Workforce Housing?
Workforce housing is defined as housing that is available for rent or purchase to households earning up to 120% of area median income (AMI).
What is Affordable Housing?
Affordable housing is defined as housing that is available for rent or purchase to households earning 60% or less of area median income (AMI).
What is Area Median Income?
Area median income (AMI) is defined as the midpoint of a specific area’s income distribution and is calculated on an annual basis by the Department of Housing and Urban Development.
2024 AMI for Beaufort and Jasper County
% Area Median Income | Beaufort | Monthly Affordability | Jasper | Monthly Affordability |
---|---|---|---|---|
60% – Moderately Low | $60,500 |
$1,513 |
$41,800 |
$1,045 |
80% – Low | $80,700 |
$2,018 |
$55,700 |
$1,393 |
100% – Median Family Income |
$106,400 |
$2,660 |
$71,800 |
$1,795 |
120% – Moderate |
$127,700 |
$3,193 |
$86,200 |
$2,155 |