Current:Home > MarketsEarn 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.
TrendPulse Quantitative Think Tank Center View
Date:2025-04-06 20:00:19
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! (97)
Related
- Don't let hackers fool you with a 'scam
- Cincinnati Bengals quarterback Joe Burrow owns a $3 million Batmobile Tumbler
- Ohio Supreme Court sides with pharmacies in appeal of $650 million opioid judgment
- Not sure what to write in your holiday card? These tips can help: Video tutorial
- Justice Department, Louisville reach deal after probe prompted by Breonna Taylor killing
- Stock market today: Asian stocks are mixed ahead of key US inflation data
- Australian man arrested for starting fire at Changi Airport
- Mets have visions of grandeur, and a dynasty, with Juan Soto as major catalyst
- Federal Spending Freeze Could Have Widespread Impact on Environment, Emergency Management
- Here's how to make the perfect oven
Ranking
- Elon Musk's skyrocketing net worth: He's the first person with over $400 billion
- Small plane crashes onto New York highway, killing 1 person and injuring another
- Horoscopes Today, December 11, 2024
- Atmospheric river and potential bomb cyclone bring chaotic winter weather to East Coast
- Realtor group picks top 10 housing hot spots for 2025: Did your city make the list?
- Here's how to make the perfect oven
- Chiquis comes from Latin pop royalty. How the regional Mexican star found her own crown
- Joe Burrow’s home broken into during Monday Night Football in latest pro
Recommendation
Tom Holland's New Venture Revealed
Biden and Tribal Leaders Celebrate Four Years of Accomplishments on Behalf of Native Americans
'Yellowstone' Season 5, Part 2: Here's when the final episode comes out and how to watch
Elon Musk just gave Nvidia investors one billion reasons to cheer for reported partnership
As Trump Enters Office, a Ripe Oil and Gas Target Appears: An Alabama National Forest
Cincinnati Bengals quarterback Joe Burrow owns a $3 million Batmobile Tumbler
Fortnite OG is back. Here's what to know about the mode's release, maps and game pass.
GM to retreat from robotaxis and stop funding its Cruise autonomous vehicle unit