- According to the California Department of Housing, $104,400 is “low” income in San Francisco County.
- Median single-person household income is listed at $122,500.
- Average monthly rent for a single bed in SF is about $3,000, making it the third most expensive in the US.
An income of $104,400 a year could be a lot MississippiBut San Francisco doesn’t go very far.
Such salaries are classified as “low” income in San Francisco County, according to the California Department of Housing and Community Development.
and memo First reported list of 2023 state income limits released June 6. fox businessThe Department used data from the U.S. Department of Housing and Urban Development to outline different income brackets for different household sizes, and also used estimates from the Census Bureau’s American Social Survey.
According to the California Department of Housing, the median income for a single-person household in San Francisco County is $122,500. An annual income of $18,400 is a “very low” income, $39,150 is a “very low” income, $65,350 is a “very low” income, and $104,400 is a “low” income.
For a two-person household, $119,300 is a “low” income, rising to $134,200 for a three-person household and $149,100 for a four-person household.
The department puts median income at $140,000 for two-person households, $157,500 for three-person households, $175,000 for four-person households, and $189,000 for five-person households.
Marin County, just north of San Francisco County, and San Mateo County, just south, both have the same income limits. Santa Clara County, south of San Mateo County, which includes San Jose, Stanford University, Google’s Mountain View main campus, and parts of Palo Alto, has a high median single-person household income of $126,900, but is “low income.” is low. “Income is $96,000.
Zamper and Jiro In both studies, the average monthly rent for a one-bed apartment in San Francisco is about $3,000. He’s the third-highest city in the United States to rent a bed, behind New York City and Jersey City, according to the report. thumper data. Households in the San Francisco area average 42% of their budget for housing, compared to the US average of 34% for him. U.S. Bureau of Labor Statistics data Looking forward to 2020-21.
San Francisco-area households not only spend significantly more on housing, they also spend $12,133 a year on individual insurance and pensions, about 60% higher than the U.S. average. BLS data. He also spent nearly 40% more on food.
Data show that San Francisco-area households collectively spend an average of $91,290 annually, compared to a national average of $64,187.
With San Francisco’s staggering cost of living and what locals say is a spike in crime and homelessness, thousands are leaving the city as remote work lures people to more affordable states during the pandemic. is what happened.
San Francisco’s population declined by about 7%, or 62,000 people, between 2020 and 2022. US Census Bureau.
Top businesses and retailers are also closing stores in the city, citing crime and poor performance.
Did you leave San Francisco for crime, expense, or simply for a fun lifestyle elsewhere? Or are you considering moving? Email this reporter at gdean@insider.com.