Novogradac Lowers 2020 National Median Income Increase Estimate after CBO Report

Monday, September 9, 2019 - 9:30am

Novogradac lowered its estimate of the increase in the national median income for 2020 from 4.37 percent to 3.97 percent, based on the Congressional Budget Office’s (CBO’s) updated 10-year budget and economic outlook released Aug. 21. The U.S. Department of Housing and Urban Development uses CBO’s estimate of the consumer price index in calculating income.

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.