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FY 2016 Income Limits Documentation System

FY 2016 Income Limits Summary

FY 2016 Income Limit Area Median Income
FY 2016 Income Limit Category Persons in Family
1 2 3 4 5 6 7 8
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: