Income Limits

FY 2023 Income Limits Documentation System

FY2023 Income Limits Summary

FY2023 Income Limit Area - Punta Gorda, FL, MSA

Median Family Income - $77,300

FY2023 Income Limit Categories

Very Low-Income Limits (50%)

1 Person - $26,850
2 People - $30,700
3 People - $34,550
4 People - $38,350
5 People - $41,450
6 People - $44,500
7 People - $47,600
8 People - $50,650

Extremely Low-Income Limits

1 Person - $16,100
2 People - $19,720
3 People - $24,860
4 People - $30,000
5 People - $35,140
6 People - $40,280
7 People - $45,420
8 People - $50,560

Low Income Limits (80%)

1 Person - $42,950
2 People - $49,100
3 People - $55,250
4 People - $61,350
5 People - $66,300
6 People - $71,200
7 People - $76,100
8 People - $81,000

Note: Charlotte County is part of Punta Gorda, FL MSA, so all information presented here applies to all of the Punta Gorda, FL MSA

The Punta Gorda, FL MSA contains the following areas:

Charlotte County, FL

*The FY 2014 Consolidated Appropriations Act changed the definition of extremely low income to be the greater of 30/50ths (60 Percent) of the Section 8 very low-income limit or the poverty guideline as established by the Department of Health and Human Services (HHS), provided that this amount is not greater than the Section 8 (50%) very low-income limit.

Consequently, the extremely low-income limits may equal the very low (50%) income limits.

Income Limit areas are based on FY2023 Fair Market Rent (FMR) areas. For information on FMRs, please see our associated FY2023 Fair Market Rent documentation system.