Current:Home > reviewsEarn less than $100,000 in San Francisco? Then you are considered low income. -Wealth Evolution Experts
Earn less than $100,000 in San Francisco? Then you are considered low income.
View
Date:2025-04-17 16:13:23
Single people in San Francisco who earn less than $104,400 are considered low income, according to new government guidelines that determine who qualifies for some housing aid.
That means that some people in California who are earning above six figures — a level that's viewed as high income by many Americans — may in fact struggle to afford the basics in those regions. Other California counties where a salary of about $100,000 for a single person qualifies as low income include Marin and San Mateo counties, with the latter home to Silicon Valley.
Single workers in Los Angeles County, meanwhile, are considered low income if they earn less than $70,000, according to the new guidelines issued earlier this month by the California Department of Housing and Community Development.
The income guidelines are used to determine whether people may qualify for housing programs, including Section 8 vouchers that provide rent assistance to low-income families. It may be shocking that a six-figure earner in San Francisco could qualify for housing assistance, but the median home sale price in the city was $1.4 million in May 2023, according to Zillow.
Meanwhile, the official poverty line across the U.S. stands at $12,880 for a single person, which is a guideline used for other aid programs such as food stamps and the Low-Income Home Energy Assistance Program.
San Francisco is struggling with a host of issues, including businesses that are fleeing the city amid a rise in crime and homelessness, as well as an exodus of workers and residents as many tech companies switched to remote work during the pandemic. But despite those challenges, San Francisco remains home to many big businesses — and its real estate fetches a hefty price.
Since 2016, the threshold to be considered low income as a single worker has jumped by more than $35,000, according to the San Francisco Examiner.
- In:
- Los Angeles
- Real Estate
- California
- San Francisco
veryGood! (41)
Related
- Woman dies after Singapore family of 3 gets into accident in Taiwan
- A ban in Kansas on gender-affirming care also would bar advocacy for kids’ social transitions
- Wade Rousse named new president of Louisiana’s McNeese State University
- Offense galore: Record night for offensive players at 2024 NFL draft; QB record also tied
- US appeals court rejects Nasdaq’s diversity rules for company boards
- In-home caregivers face increased financial distress despite state program
- Chicago appeals court rejects R. Kelly ‘s challenge of 20-year sentence
- Will There Be Less Wind to Fuel Wind Energy?
- 'Most Whopper
- Woman pleads guilty to being accessory in fatal freeway shooting of 6-year-old boy
Ranking
- Former longtime South Carolina congressman John Spratt dies at 82
- Elisabeth Moss reveals she broke her back on set, kept filming her new FX show ‘The Veil'
- This week on Sunday Morning (April 28)
- How Trump changed his stance on absentee and mail voting — which he used to blame for election fraud
- Civic engagement nonprofits say democracy needs support in between big elections. Do funders agree?
- Panthers owner David Tepper pays visit to bar with sign teasing his NFL draft strategy
- Provost at Missouri university appointed new Indiana State University president, school says
- Mississippi legislative leaders swap proposals on possible Medicaid expansion
Recommendation
Behind on your annual reading goal? Books under 200 pages to read before 2024 ends
Rise in all-cash transactions turbocharge price gains for luxury homes
Minneapolis approves $150K settlement for witness to George Floyd’s murder
Kelly Osbourne says brother Jack shot her in the leg when they were kids: 'I almost died'
The FTC says 'gamified' online job scams by WhatsApp and text on the rise. What to know.
Dua Lipa and Callum Turner’s Date Night Has Us Levitating
Lori Loughlin Says She's Strong, Grateful in First Major Interview Since College Scandal
Planning for potential presidential transition underway as Biden administration kicks it off