Finances
Finances
To qualify for residency at Schwenckfeld Terrace, your annual income must fall within one of the following categories, which represent a percentage of the median income of Montgomery County, PA. The income category then determines the amount of rent you pay per month.
|
Annual Income Limit |
% of
Median Income |
Monthly Rent |
|
not
exceeding |
$10,980 (1 person) |
20% |
$214 |
|
$12,540 (2 people) |
|
not
exceeding |
$21,960 (1 person) |
40% |
$520 |
|
$25,080 (2 people) |
|
not
exceeding |
$27,450 (1 person) |
50% |
$673 |
|
$31,350 (2 people) |
|
not
exceeding |
$32,940 (1 person) |
60% |
$799 |
|
$37,620 (2 people) |
Your income is based on the following (including, but not limited to):
- Wages/income
- Social security/pension
- Interest on assets
All utilities (except electric) are included in your rent. Electric is estimated to be $91 per month. A refundable security deposit is due at lease signing. Income limits, rents and utility estimates are subject to change.