AMI Rent Calculator

Calculate AMI Rent (Rami)



Formula

The formula to calculate the AMI Rent (Rami) is:

\[ R_{ami} = AMI \times \frac{R}{100} \]

Where:

What is AMI Rent?

AMI Rent refers to the rent amount calculated based on a percentage of the Area Median Income (AMI). This method helps determine affordable rent prices by considering the local income levels. The AMI Rent ensures that rent remains within a reasonable range of the median income, promoting affordability and preventing excessive rent burdens.

Example Calculation

Let's assume the following values:

Using the formula to calculate the AMI Rent:

\[ R_{ami} = 60000 \times \frac{30}{100} = 60000 \times 0.30 = 18000 \]

The AMI Rent is $18,000 per year.