Current:Home > NewsEarn less than $100,000 in San Francisco? Then you are considered low income. -Blueprint Money Mastery
Earn less than $100,000 in San Francisco? Then you are considered low income.
View
Date:2025-04-12 05:59:30
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! (642)
Related
- Dick Vitale announces he is cancer free: 'Santa Claus came early'
- Robert Irwin, son of 'Crocodile Hunter', reveals snail species in Australia named for him
- Philadelphia 76ers star Joel Embiid scores 50 vs. Knicks while dealing with Bell's palsy
- Early voting begins for North Carolina primary runoff races
- As Trump Enters Office, a Ripe Oil and Gas Target Appears: An Alabama National Forest
- Hiker falls 300 feet to his death in Curry County, Oregon; investigation underway
- School lunches are changing: USDA updates rules to limit added sugars for the first time
- Rooting for Trump to fail has made his stock shorters millions
- Retirement planning: 3 crucial moves everyone should make before 2025
- Former Slack CEO's 16-Year-Old Child Mint Butterfield Reported Missing
Ranking
- Senate begins final push to expand Social Security benefits for millions of people
- Google parent reports another quarter of robust growth, rolls out first-ever quarterly dividend
- Horoscopes Today, April 25, 2024
- 2024 NFL mock draft: Final projection sets QB landing spots, features top-10 shake-up
- Dick Vitale announces he is cancer free: 'Santa Claus came early'
- U.S. economic growth slows as consumers tighten their belts
- William Decker's Quantitative Trading Path
- Dan Rather returns to CBS News for first time since 2005. Here's why
Recommendation
Don't let hackers fool you with a 'scam
Why is everyone telling you to look between letters on your keyboard? Latest meme explained
Luna County corporal is charged for his role in deadly 2023 crash while responding to a call
Why is everyone telling you to look between letters on your keyboard? Latest meme explained
Realtor group picks top 10 housing hot spots for 2025: Did your city make the list?
Hamas releases video of injured Israeli-American hostage Hersh Goldberg-Polin
Cincinnati Bengals DE Trey Hendrickson requests trade
Minnesota lawmaker's arrest is at least the 6th to hit state House, Senate in recent years