As of November 1, 2018, Chapter 7 Bankruptcy Means Test Median Family Income Levels Have Risen in Florida

As of November 1, 2018, Chapter 7 Bankruptcy Means Test Median Family Income Levels Have Risen in Florida

As of November 1, 2018, the median family income levels utilized by the United States Trustee Program have changed. Florida’s figures have risen, which, generally, will benefit individuals who are in need of debt relief. The median income information is used by the bankruptcy court and the various players therein when determining whether or not an individual qualifies for chapter 7 bankruptcy relief (as opposed to relief under another chapter, such as chapter 13).

This data comes from the United States Census Bureau and is updated regularly based upon the Consumer Price Index for All Urban Consumers. Note that being either above or below the applicable median income figure for your household size can be a good indicator of whether or not you should file a chapter 7 bankruptcy case, though it is far from the only factor to be considered. Your entire situation should be reviewed by an experienced bankruptcy attorney for such a determination.

Each state has its own set of median income levels. The data for all U.S. states and U.S. territories, effective as of November 1, 2018, is shown in the chart below, with Florida emphasized only because it is the state within which I practice. These figures will change as of May 1, 2019, and should no longer be relied upon on or after that date.

State 1 earner Family Size
2 People 3 People 4 People1* Add $8,400 for each individual in excess of 4.
Alabama $46,521 $55,747 $62,416 $76,585
Alaska $61,539 $80,474 $81,427 $97,465
Arizona $51,086 $63,698 $69,284 $79,026
Arkansas $42,546 $52,621 $58,931 $66,712
California $56,580 $75,327 $82,000 $94,505
Colorado $61,005 $77,762 $85,243 $102,233
Connecticut $63,564 $81,604 $98,432 $114,110
Delaware $56,095 $69,706 $81,539 $97,540
District of Columbia $64,324 $110,582 $110,582 $129,135
Florida $48,000 $58,960 $65,278 $76,953
Georgia $46,810 $61,794 $70,863 $80,510
Hawaii $68,294 $77,510 $93,020 $102,125
Idaho $48,667 $59,635 $64,609 $72,381
Illinois $52,945 $69,871 $81,199 $96,252
Indiana $48,243 $60,452 $71,090 $85,368
Iowa $49,607 $66,765 $75,754 $92,135
Kansas $49,214 $64,859 $74,092 $83,114
Kentucky $44,552 $53,528 $64,577 $77,069
Louisiana $43,971 $52,758 $62,476 $76,618
Maine $51,677 $64,231 $80,553 $94,215
Maryland $64,615 $84,731 $102,917 $115,771
Massachusetts $64,907 $81,339 $102,059 $127,579
Michigan $50,179 $61,125 $73,262 $90,531
Minnesota $57,050 $74,576 $92,063 $109,211
Mississippi $41,177 $51,577 $55,217 $65,138
Missouri $47,125 $59,848 $71,240 $83,609
Montana $50,661 $61,743 $69,724 $92,646
Nebraska $48,867 $68,391 $74,859 $91,136
Nevada $51,781 $61,820 $67,588 $82,970
New Hampshire $63,898 $75,866 $95,634 $113,991
New Jersey $66,719 $80,302 $101,163 $122,474
New Mexico $45,147 $54,786 $58,302 $67,924
New York $54,014 $69,642 $81,887 $99,943
North Carolina $47,470 $60,407 $67,211 $82,994
North Dakota $55,274 $72,399 $90,893 $102,402
Ohio $48,441 $60,822 $73,182 $87,321
Oklahoma $45,641 $57,723 $61,905 $72,569
Oregon $55,246 $66,745 $74,903 $88,440
Pennsylvania $53,803 $65,060 $80,551 $97,692
Rhode Island $54,620 $75,193 $82,191 $101,338
South Carolina $45,596 $58,396 $62,578 $75,646
South Dakota $47,459 $65,767 $78,821 $86,627
Tennessee $46,088 $56,865 $66,252 $77,260
Texas $48,948 $63,869 $70,548 $81,958
Utah $61,044 $66,641 $76,707 $86,717
Vermont $50,366 $69,159 $77,833 $86,315
Virginia $60,389 $76,047 $89,593 $102,751
Washington $62,551 $76,489 $85,644 $105,074
West Virginia $47,449 $50,451 $60,244 $73,337
Wisconsin $51,048 $66,254 $79,505 $96,972
Wyoming $57,300 $68,289 $79,294 $89,527
Commonwealth or U.S. Territory 1 earner Family Size
2 People 3 People 4 People2* Add $8,400 for each individual in excess of 4.
Guam $41,007 $49,031 $55,873 $67,614
Northern Mariana Islands $27,538 $27,538 $32,038 $47,122
Puerto Rico $23,768 $23,768 $25,194 $31,162
Virgin Islands $32,536 $39,104 $41,694 $45,678

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1. * Add $8,400 for each individual in excess of 4.
2. * Add $8,400 for each individual in excess of 4.

Published by Joseph Battaglia

Bradenton attorney Joseph Battaglia handles real estate, bankruptcy, and debtor/creditor litigation matters. He has been licensed since 2008.