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New Income Limits for 2018

The Department of Housing and Urban Development (“HUD”) has just released the “NEW INCOME LIMITS 2018”. Some communities have seen a substantial increase, some modest and a couple have seen a slight decrease.

I have prepared a chart below highlighting some of the communities where we have developments with their new income limits.

BOSTON METROPOLITAN STATISTICAL AREA
Medway Norwell Kingston
Dover Pembroke Norfolk
Marshfield Foxborough Duxbury
Income limits
Household Size 1 2 3 4 5
Income Limit 2017 $54,750 $62,550 $70,350 $78,150 $84,450
Income Limit 2018 $56,800 $64,900 $73,000 $81,100 $87,600
Difference + $2,050 + $2,350 + $2,650 + $2,950 + $3,150

 

 

TAUNTON METROPOLITAN STATISTICAL AREA
Berkley Dighton Norton
Taunton
Income limits
Household Size 1 2 3 4 5
Income Limit 2017 $47,600 $54,400 $61,200 $68,000 $73,450
Income Limit 2018 $49,650 $56,750 $63,850 $70,900 $76,600
Difference + $2,050 + $2,350 + $2,650 + $2,900 + $3,150

 

 

BROCKTON METROPOLITAN STATISTICAL AREA
Bridgewater Lakeville West Bridgewater
Income limits
Household Size 1 2 3 4 5
Income Limit 2017 $46,400 $53,000 $59,650 $66,250 $71,550
Income Limit 2018 $47,150 $53,850 $60,600 $67,300 $72,700
Difference + $750 + $850 + $950 + $1,050 + $1,150

 

 

WORCESTER METROPOLITAN STATISTICAL AREA
Boylston Grafton
Income limits
Household Size 1 2 3 4 5
Income Limit 2017 $47,600 $54,400 $61,200 $68,000 $73,450
Income Limit 2018 $48,100 $54,950 $61,800 $68,650 $74,150
Difference + $500 + $550 + $600 + $650 + $700

 

 

PROVIDENCE METROPOLITAN STATISTICAL AREA
Seekonk Westport Rehoboth
Income limits
Household Size 1 2 3 4 5
Income Limit 2017 $40,400 $46,200 $51,950 $57,700 $62,350
Income Limit 2018 $45,000 $51,400 $57,850 $64,250 $69,400
Difference + $4,600 + $5,200 + $5,900 + $6,550 + $7,050