Current:Home > MarketsEarn less than $100,000 in San Francisco? Then you are considered low income. -MacroWatch
Earn less than $100,000 in San Francisco? Then you are considered low income.
View
Date:2025-04-13 10:55:23
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! (3271)
Related
- Angelina Jolie nearly fainted making Maria Callas movie: 'My body wasn’t strong enough'
- Final round of 2023 Tour Championship resumes after play suspended due to weather
- 'Walking with our ancestors': Thousands fighting for civil rights attend March on Washington
- Indianapolis police say officer killed machete-wielding man
- Selena Gomez's "Weird Uncles" Steve Martin and Martin Short React to Her Engagement
- Video shows rest of old I-74 bridge over Mississippi River removed by explosives
- Massive emergency alert test will sound alarms on US cellphones, TVs and radios in October
- Fed rate hikes don't just fight inflation. They hurt economy over long-term, study says
- Person accused of accosting Rep. Nancy Mace at Capitol pleads not guilty to assault charge
- Trump campaign reports raising more than $7 million after Georgia booking
Ranking
- US wholesale inflation accelerated in November in sign that some price pressures remain elevated
- Trans-Siberian Orchestra will return with a heavy metal holiday tour, ‘The Ghosts of Christmas Eve’
- Congenital heart defect likely caused Bronny James' cardiac arrest, family says
- Chris Buescher wins NASCAR's regular-season finale, Bubba Wallace claims last playoff spot
- North Carolina trustees approve Bill Belichick’s deal ahead of introductory news conference
- 88 deaths linked to Canadian self-harm websites as U.K. opens investigation
- Trump campaign reports raising more than $7 million after Georgia booking
- Man killed, another wounded in shooting steps away from Philadelphia’s Independence Hall
Recommendation
Meta releases AI model to enhance Metaverse experience
Taylor Swift Shows Support for BFF Selena Gomez in the Sweetest Way After Single Soon Release
Ryan Preece provides wildest Daytona highlight, but Ryan Blaney is alive and that's huge
UAW says authorization for strike against Detroit 3 overwhelmingly approved: What's next
Paula Abdul settles lawsuit with former 'So You Think You Can Dance' co
Texas judge blocks state's upcoming ban on gender-affirming medical care for minors
Former Olympian Alexandra Paul killed in car crash at 31, Skate Canada says
Longtime voice of Nintendo's Mario character is calling it quits