|FY 2016 Income Limit Area||Median Income||FY 2016 Income Limit Category||Persons in Family|
|Memphis, TN-MS-AR HUD Metro FMR Area||$60,100||Very Low (50%) Income Limits ($)||21,050||24,050||27,050||30,050||32,500||34,900||37,300||39,700|
|Extremely Low Income Limits ($)*||12,650||16,020||20,160||24,300||28,440||32,580||36,730||39,700*|
|Low (80%) Income Limits ($)||33,700||38,500||43,300||48,100||51,950||55,800||59,650||63,500|
Selecting any of the buttons labeled "Explanation" will display detailed calculation steps for each of the various parameters.
The Memphis, TN-MS-AR HUD Metro FMR Area contains the following areas: Crittenden County, AR; DeSoto County, MS; Fayette County, TN; Shelby County, TN; and Tipton County, TN.
* The FY 2014 Consolidated Appropriations Act changed the definition of extremely low-income to be the greater of 30/50ths (60 percent) of the Section 8 very low-income limit or the poverty guideline as established by the Department of Health and Human Services (HHS), provided that this amount is not greater than the Section 8 50% very low-income limit. Consequently, the extremely low income limits may equal the very low (50%) income limits.
Income Limit areas are based on FY 2016 Fair Market Rent (FMR) areas. For information on FMRs, please see our associated FY 2016 Fair Market Rent documentation system.
For last year's Median Family Income and Income Limits, please see here: