Current:Home > MyEarn less than $100,000 in San Francisco? Then you are considered low income. -Infinite Edge Capital
Earn less than $100,000 in San Francisco? Then you are considered low income.
View
Date:2025-04-15 12:10:37
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! (7719)
Related
- See you latte: Starbucks plans to cut 30% of its menu
- FedEx driver who dumped $40,000 worth of packages before holidays order to pay $805 for theft
- Ravens TE Mark Andrews helps aid woman with medical emergency on flight
- FDA says 561 deaths tied to recalled Philips sleep apnea machines
- Paula Abdul settles lawsuit with former 'So You Think You Can Dance' co
- Hallmark recasts 'Sense and Sensibility' and debuts other Austen-inspired films
- Probe into dozens of Connecticut state troopers finds 7 who ‘may have’ falsified traffic stop data
- Middle school workers win $1 million Powerball prize after using same numbers for years
- Nearly 400 USAID contract employees laid off in wake of Trump's 'stop work' order
- Child Tax Credit expansion faces uncertain path in Senate after House passage
Ranking
- Newly elected West Virginia lawmaker arrested and accused of making terroristic threats
- Florida House votes to loosen child labor laws a year after tougher immigrant employment law enacted
- Friends imprisoned for decades cleared of 1987 New Year’s killing in Times Square
- FDA says 561 deaths tied to recalled Philips sleep apnea machines
- Why members of two of EPA's influential science advisory committees were let go
- The Best Valentine's Day Gifts Based On Each Love Language
- Group of Kentucky educators won $1 million Powerball, hid ticket in math book
- 'Blindspot' podcast offers a roadmap of social inequities during the AIDS crisis
Recommendation
Trump suggestion that Egypt, Jordan absorb Palestinians from Gaza draws rejections, confusion
Reports: Commanders name former Cowboys defensive coordinator, Dan Quinn, new head coach
Group of Kentucky educators won $1 million Powerball, hid ticket in math book
Wisconsin Supreme Court orders pause on state’s presidential ballot while it weighs Phillips case
The White House is cracking down on overdraft fees
Terry Beasley, ex-Auburn WR and college football Hall of Famer, dies at 73
Activists renew push to repeal Kentucky’s near-total abortion ban
The breast cancer burden in lower income countries is even worse than we thought