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Recently released figures from the United States Department of Housing and Urban Development show a 28.5% increase in area median incomefor a family of four in Summit County. For local officials, the change is stunning.
“I was certainly expecting an increase in our area median income, but a 28% increase is unprecedented,” said Commissioner Tamara Pogue.
Last year, area median income for that same family size increased by 3.8%, rising from $96,100 in 2021 to $99,800 in 2022. In 2023, that figure rose to $128,300, according to data from HUD and the Summit County Combined Housing Authority
Jack Wilkinson, the housing authority’s interim executive director, said the four-person household figure is “more than double I’ve ever seen.” But it may not be completely accurate, Wilkinson said.
HUD releases income figures every year based on census data and other factors, such as the rate of inflation. But for rural areas like Summit County, that data covers a five-year period that is usually three years old, according to Wilkinson.
