Novogradac Lowers 2019 National Median Income Increase Estimate after CBO Report
Novogradac & Company LLP lowered its estimate of the increase in the national median income for 2019, based on the Congressional Budget Office’s (CBO) 10-Year budget and economic outlook released Monday. Novogradac now estimates the national median will increase 5.01 percent, compared to the earlier estimate of 5.15 percent based on the August 2018 CBO report. The estimated change in national median income for 2020 remains 4.37 percent.
For more information about Novogradac estimates, read “2020 Vision–Estimating Median Income for 2019 and 2020.” To learn how the national median income impacts the U.S. Department of Housing and Urban Development’s income limits, see “What you Need to Know About Income Limits.” To order a Novogradac Rent and Income Limit Estimator© report, click here.