Current:Home > FinanceEarn less than $100,000 in San Francisco? Then you are considered low income. -Elite Financial Minds
Earn less than $100,000 in San Francisco? Then you are considered low income.
View
Date:2025-04-17 17:11:45
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! (6791)
Related
- Senate begins final push to expand Social Security benefits for millions of people
- MLB power rankings: Braves and Mets to sprint for playoff lives in NL wild card race
- A former NYC school food chief is sentenced to 2 years in a tainted chicken bribery case
- The Lilly Pulitzer Sunshine Sale Just Started: Score Rare 70% Off Deals Before They Sell Out
- Questlove charts 50 years of SNL musical hits (and misses)
- A former NYC school food chief is sentenced to 2 years in a tainted chicken bribery case
- Beyoncé shares another 'Cécred Sunday' video of her wash day hair routine
- Anna Nicole Smith’s Daughter Dannielynn Gets Gothic Makeover for Her 18th Birthday
- Senate begins final push to expand Social Security benefits for millions of people
- Los Angeles Chargers defeat Las Vegas Raiders in Jim Harbaugh's coaching debut with team
Ranking
- Which apps offer encrypted messaging? How to switch and what to know after feds’ warning
- Residents unharmed after small plane crashes into Arizona home, hospitalizing pilot
- Granola is healthier than you might think, but moderation is still key
- What are the most popular toys of 2024? Put these on your Christmas list early
- Trump suggestion that Egypt, Jordan absorb Palestinians from Gaza draws rejections, confusion
- Grief over Gaza, qualms over US election add up to anguish for many Palestinian Americans
- The 22 Best Dresses With Pockets Under $40: Banana Republic, Amazon, Old Navy, Target & More
- A 9/11 anniversary tradition is handed down to a new generation
Recommendation
At site of suspected mass killings, Syrians recall horrors, hope for answers
Ryan Blaney surges in NASCAR playoff standings, Kyle Larson takes a tumble after Atlanta
Jewish students have a right to feel safe. Universities can't let them down again.
Tom Brady's broadcast debut draws mixed reviews. Here's reactions from NFL fans
Most popular books of the week: See what topped USA TODAY's bestselling books list
Pregnant Campbell Pookie Puckett Reveals Why Maternity Fashion Isn’t So Fire
California's Line Fire grows due to high temperatures, forces evacuations: See map
'Hillbilly Elegy' director Ron Howard 'concerned' by Trump and Vance campaign rhetoric