Salinas, CA MSA · FY2026 area median income $110,500 · effective May 1, 2026
Check whether a deal here pencils →| Unit | 20% | 30% | 40% | 50% | 60% | 70% | 80% |
|---|---|---|---|---|---|---|---|
| Studio | $547 | $821 | $1,095 | $1,368 | $1,642 | $1,916 | $2,190 |
| 1BR | $586 | $880 | $1,173 | $1,466 | $1,760 | $2,053 | $2,347 |
| 2BR | $704 | $1,056 | $1,408 | $1,760 | $2,112 | $2,464 | $2,816 |
| 3BR | $813 | $1,220 | $1,627 | $2,033 | $2,440 | $2,847 | $3,254 |
| 4BR | $907 | $1,361 | $1,815 | $2,268 | $2,722 | $3,176 | $3,630 |
Gross rent includes utilities. Subtract the utility allowance for the rent you can charge.
| Household | 30% | 50% | 60% | 80% |
|---|---|---|---|---|
| 1 person | $32,850 | $54,750 | $65,700 | $87,600 |
| 2 persons | $37,560 | $62,600 | $75,120 | $100,160 |
| 3 persons | $42,240 | $70,400 | $84,480 | $112,640 |
| 4 persons | $46,920 | $78,200 | $93,840 | $125,120 |
| 5 persons | $50,700 | $84,500 | $101,400 | $135,200 |
| 6 persons | $54,450 | $90,750 | $108,900 | $145,200 |
| 7 persons | $58,200 | $97,000 | $116,400 | $155,200 |
| 8 persons | $61,950 | $103,250 | $123,900 | $165,200 |
Rents are capped at 30% of the income limit for an imputed household of 1.5 persons per bedroom, so a two-bedroom unit uses the three-person limit. Under the average income test, units can be designated from 20% to 80% AMI as long as the weighted average stays at or below 60%.
Run a deal in Monterey County to see the sources and uses, bond test, DSCR, and funding gap using these rents.