FY2024 Income Limits — Ocean City, NJ MSA
Area Median Income (4-person household): $111,700
30% AMI (4p)
$33,150
50% AMI (4p)
$55,250
60% AMI (4p)
$66,300
80% AMI (4p)
$88,350
Ocean City, NJ MSA — Income Limits
FY2024 Income Limits by Household Size
| AMI Level | 1p | 2p | 3p | 4p | 5p | 6p | 7p | 8p |
|---|---|---|---|---|---|---|---|---|
| 30% AMI — Extremely Low Income | $23,250 | $26,550 | $29,850 | $33,150 | $36,580 | $41,960 | $47,340 | $52,720 |
| 50% AMI — Very Low Income | $38,700 | $44,200 | $49,750 | $55,250 | $59,700 | $64,100 | $68,550 | $72,950 |
| 60% AMI | $46,440 | $53,040 | $59,700 | $66,300 | $71,640 | $76,920 | $82,260 | $87,540 |
| 80% AMI — Low Income | $61,850 | $70,700 | $79,550 | $88,350 | $95,450 | $102,500 | $109,600 | $116,650 |
Related Pages
Section 8 Eligibility in Ocean City, NJ MSA
To qualify for a Section 8 Housing Choice Voucher in Ocean City, NJ MSA, your household's gross annual income must typically be at or below 50% of the Area Median Income for your household size. Federal law requires that at least 75% of all new vouchers be issued to households at or below 30% AMI (Extremely Low Income).
Income is calculated for the entire household, including wages, salaries, benefits, child support, and most other regular income sources. Some deductions — such as elderly/disabled household member deductions and dependent child deductions — reduce the amount counted toward the income limit.