median income levels for clients thinking about bankruptcy in Massachusetts or New Hampshire

State median income levels are calculated by the Internal Revenue Service, and are used in bankruptcy court to determine eligibility to file a Chapter 7 case.

For residents of Massachusetts:

The median income for a one person household is $55,602;
The median income for a two person household is $67,443;
The median income for a three person household is $82,495;
The median income for a four person household is $103,624;
The median income for a five person household is $111,724.

For residents of New Hampshire:

The median income for a one person household is $52,588;
The median income for a two person household is $65,830;
The median income for a three person household is $82,924;
The median income for a four person household is $99,457;
The median income for a five person household is $107,557.

 

By Doug Beaton

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