What Is Considered Low Income Per Year?
By government standards, "low-income" earners are men and women whose household income is less than double the Federal Poverty Level (FPL). For a single person household, the 2019 FPL was $12,490 a year. That means that a single person making less than $25,000 a year would be considered low income.
What is classed as a low income?
A broad definition of low household income, as suggested by the Government, applies to annual earnings less than 60% of the median UK household income. For London, this cut-off point is approximately £21,000[75].
People on low incomes
What is considered low income 2020?
2020 POVERTY GUIDELINES FOR THE 48 CONTIGUOUS STATES AND THE DISTRICT OF COLUMBIA
2020 Poverty Guidelines | ASPE - HHS.gov