HUD Median Income


Young family
2014 HUD Median Income for Alaska.
Median household income is used for a variety of reasons, including determining eligibility for low to moderate mortgage loans; also known as CRA (Community Reinvestment Act). Fannie Mae and Freddie Mac each have a special mortgage that is partially dependent on the household median income (i.e. Home Possible mortgage and the My Community Mortgage).

If you’re seeking a mortgage and your household income is at or below the amounts listed below, mention this to the banker or broker. The benefit may be a lower down payment, closing cost assistance, grant money, lower interest rate or lower mip/pmi.

The U.S. Census Bureau defines median household income as follows:

“Median income is the amount which divides the income distribution into two equal groups, half having income above that amount, and half having income below that amount. Mean income (average) is the amount obtained by dividing the total aggregate income of a group by the number of units in that group. The means and medians for households and families are based on all households and families. Means and medians for people are based on people 15 years old and over with income”.


2014 HUD median income limits for Alaska counties and boroughs

Alaska County MSA Area Median Income
ALEUTIANS EASTNON METRO AREA $73,800
ALEUTIANS WEST CENSUS AREA, AK NON METRO AREA $80,700
ANCHORAGEAnchorage, AK $84,900
BETHEL CENSUS AREA, AK NON METRO AREA $73,800
BRISTOL BAYNON METRO AREA $97,300
DENALINON METRO AREA $91,300
DILLINGHAM CENSUS AREA, AK NON METRO AREA $73,800
FAIRBANKS NORTH STARFairbanks, AK $73,200
HAINESNON METRO AREA $73,800
Hoonah-Angoon Census Area NON METRO AREA $73,800
JUNEAUNON METRO AREA $95,100
KENAI PENINSULANON METRO AREA $76,100
KODIAK ISLANDNON METRO AREA $73,800
Ketchikan Gateway Borough NON METRO AREA $85,100
LAKE AND PENINSULANON METRO AREA $73,800
MATANUSKA-SUSITNAAnchorage, AK $84,900
NOME CENSUS AREA, AK NON METRO AREA $73,800
NORTH SLOPENON METRO AREA $87,800
NORTHWEST ARCTICNON METRO AREA $73,800
Petersburg Census Area NON METRO AREA $90,000
Prince of Wales-Hyder Census Area NON METRO AREA $73,800
SITKANON METRO AREA $78,700
SOUTHEAST FAIRBANKS CENSUS AREA, AK NON METRO AREA $73,800
Skagway Borough NON METRO AREA $91,700
VALDEZ-CORDOVA CENSUS AREA, AK NON METRO AREA $90,900
WADE HAMPTON CENSUS AREA, AK NON METRO AREA $73,800
Wrangell Borough NON METRO AREA $73,800
YAKUTATNON METRO AREA $84,500
YUKON-KOYUKUK CENSUS AREA, AK NON METRO AREA $73,800