The 2005 to 2006 update factor is calculated as the ratio of the 2006 ACS standard quality median rent to the 2005 ACS standard quality median rent for . Therefore the 2005 - 2006 update factor of 1.0438 is:
| Population-Weighted State SQ Update Factor for St. John/St. Thomas, VI | |||
|---|---|---|---|
| State | 2006 ACS State SQ Rent | 2005 ACS State SQ Rent | Population Share |
Calculating the weighted average update factor, based on the information of the table yields the following result:
=
=
=
= 0.
The difference between the actual 2005 - 2006 update factor of 1.0438 and the demonstration update factor of 0. computed here is due to the effects of computational rounding and the use of the rounding performed on the public distributions as described above.
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