Utah Housing Corp Low-Income Housing Expense Calculator
Utah Housing Corp’s low-income housing expense calculator is an essential tool for understanding and managing your housing costs…
- Enter your monthly income…
- Enter your monthly expenses…
- Enter your current housing expense…
- Click ‘Calculate’…
The calculator uses the following formula to determine if your housing expense is affordable…
| Income | Expenses | Housing Expense | Affordability |
|---|---|---|---|
| $3000 | $1500 | $800 | Affordable |
| Year | Average Income | Average Expenses | Average Housing Expense |
|---|---|---|---|
| 2020 | $3500 | $1800 | $1200 |
- Consider all your expenses when using the calculator…
- Remember, affordability is subjective…
- Regularly review and update your calculations…
What is considered affordable housing?
Affordable housing is typically defined as housing that costs no more than 30% of a household’s gross income…
For more information, see the HUD’s Housing Choice Vouchers and the Utah Housing Authority.