Meaning area median income
What does area median income mean? Here you find 2 meanings of the word area median income. You can also add a definition of area median income yourself
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area median incomemidpoint in the family-income range for a metropolitan statistical area, the non-metro parts of a region, or local equivalent to either. The figure often is used as a basis to stratify incomes into low, moderate and upper ranges.
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area median incomeAccording to 12 CFR 26.2 [Title 12 -- Banks and Banking; Chapter I -- Comptroller of the Currency, Department of the Treasury; Part 26 -- Management Official Interlocks] area median income means:
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