Enter the area median income (AMI) and the percentage of AMI as rent (%) into the calculator to determine the AMI Rent.

## AMI Rent Formula

The following formula is used to calculate the AMI Rent.

Rami = AMI * R%/100

• Where Rami is the AMI Rent ($) • AMI is the area median income (AMI) • R% is the percentage of AMI as rent (%) ## How to Calculate AMI Rent? The following example problems outline how to calculate AMI Rent. Example Problem #1: 1. First, determine the area median income (AMI). In this example, the area median income (AMI) is given as 5000. 2. Next, determine the percentage of AMI as rent (%). For this problem, the percentage of AMI as rent (%) is given as 30. 3. Finally, calculate the AMI Rent using the equation above: Rami = AMI * R%/100 The values given above are inserted into the equation below: Rami = 5000 *30/100 = 1666.67 ($)

Example Problem #2:

The variables needed for this problem are provided below:

area median income (AMI) = 6000

percentage of AMI as rent (%) = 40

Entering these values and solving gives:

Rami = 6000 * 40/100 = 2400 (\$)