Area Median Income (AMI) represents the midpoint of all household incomes in a specific geographical area, such as the City of Key West. It is used as a benchmark to determine income eligibility for various housing assistance programs, subsidies, and affordable housing initiatives. The AMI helps define different income categories, such as “low-income,” “very low-income,” and “extremely low-income,” which then influence the availability of affordable housing options and the level of financial support individuals and families may qualify for.