How much per year is considered low income?

The definition of low income can vary based on location and family size. In the United States, the Department of Housing and Urban Development (HUD) generally considers households earning below 80% of the median income for their area to be low income. For example, in 2023, this threshold could range from approximately $50,000 to $80,000 annually for a family of four, depending on the region. However, specific thresholds may differ based on local cost of living and federal guidelines.