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Novogradac Estimate of National Median Income Inches Upward after CBO’s Release of CPI Estimate

Monday, February 1, 2021 - 3:15PM

Novogradac today adjusted its estimate of national medium income for 2021 to $79,900 after the Congressional Budget Office (CBO) released its estimate of the consumer price index (CPI). The Novogradac estimate is a 1.78% increase over the 2020 national median income, although still lower than Novogradac’s pre-pandemic estimate of $81,200 for 2020. The CPI is a component in the U.S. Department of Housing and Urban Development (HUD) calculation of income limits for low-income housing tax credit (LIHTC) and HUD programs. HUD is expected to release income limits for fiscal year 2020 by April 1.

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