In order to create the Final FY 2011 FMR for Petersburg Census Area, AK, a population weighted average 2010 rent of the components of Petersburg Census Area, AK must be calculated. The following table lists the components of the area, last years FMR, and the population of each county. The weighted average rent is calculated beneath the table. The county names in the table contain links to the FY2010 FMR Documentation System. These links can be used to see the derivation of the FY2010 FMR for each county.
| Petersburg Census Area, AK 2010 Rent Calculation | ||
|---|---|---|
| County | FY2010 FMR | 2000 Population |
| Petersburg Census Area, AK | $1,174 | 4,345 |
| Wrangell City and Borough, AK | $1,174 | 1,521 |
The population weighted average 2010 rent is then calculated as:
{ ($1,174*4,345) + ($1,174*1,521) } / 5,865
= 6885756.54 / 5865.21
= $1,174
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