Current:Home > ScamsEarn less than $100,000 in San Francisco? Then you are considered low income. -Excel Wealth Summit
Earn less than $100,000 in San Francisco? Then you are considered low income.
View
Date:2025-04-16 17:27:48
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! (993)
Related
- A South Texas lawmaker’s 15
- NYU pro-Palestinian protesters cleared out by NYPD, several arrests made. See the school's response.
- Delta Burke recalls using crystal meth for weight loss while filming 'Filthy Rich'
- Masked men stop vehicle carrying Mexico's leading presidential candidate, Claudia Sheinbaum
- Behind on your annual reading goal? Books under 200 pages to read before 2024 ends
- Jana Kramer Considering Another Baby With Fiancé Allan Russell 5 Months After Giving Birth
- Montana minor league baseball team in dispute with National Park Service over arrowhead logo
- These apps allow workers to get paid between paychecks. Experts say there are steep costs
- Realtor group picks top 10 housing hot spots for 2025: Did your city make the list?
- The Most Expensive Celebrities on Cameo – and They’re Worth the Splurge
Ranking
- Meet first time Grammy nominee Charley Crockett
- The Best Personalized & Unique Gifts For Teachers That Will Score an A+
- Who do Luke Bryan, Ryan Seacrest think should replace Katy Perry on 'American Idol'?
- Romance scammers turn victims into money mules, creating a legal minefield for investigators
- Grammy nominee Teddy Swims on love, growth and embracing change
- South Carolina Senate wants accelerated income tax cut while House looks at property tax rebate
- Kim Kardashian Reveals Her Polarizing Nipple Bra Was Molded After Her Own Breasts
- NFL Player Cody Ford Engaged to TikToker Tianna Robillard
Recommendation
Trump wants to turn the clock on daylight saving time
Mistrial declared in case of Arizona rancher accused of fatally shooting Mexican migrant near border
Jeep Wagoneer Series II interior review: The good and bad in all 3 rows
Someone fishing with a magnet dredged up new evidence in Georgia couple’s killing, officials say
South Korea's acting president moves to reassure allies, calm markets after Yoon impeachment
A surfing accident left him paralyzed and unable to breathe on his own. A few words from a police officer changed his life.
11 inmates face charges related to an uprising at South Dakota prison
NFL draft has been on tour for a decade and the next stop is Detroit, giving it a shot in spotlight