Current:Home > MyEarn less than $100,000 in San Francisco? Then you are considered low income.-LoTradeCoin
Earn less than $100,000 in San Francisco? Then you are considered low income.
View Date:2024-12-23 21:01:04
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! (314)
Related
- Mississippi governor intent on income tax cut even if states receive less federal money
- Senate votes to repeal Iraq war authorizations 20 years after U.S. invasion
- Turkey earthquake miracle baby girl finally reunited with mom almost two months after the deadly quakes
- See Reign Disick’s Transformation That Proves He Is Kourtney Kardashian’s Mini-Me
- US Open finalist Taylor Fritz talks League of Legends, why he hated tennis and how he copied Sampras
- A new law proposed in Italy would ban English — and violators could face fines of up to $110K
- Russia arrests Wall Street Journal reporter Evan Gershkovich, accuses him of spying for U.S.
- How Bitcoin Has Fueled Ransomware Attacks
- Who will be in the top 12? Our College Football Playoff ranking projection
- Where No Plywood Has Gone Before: A Space Agency Will Launch A Tiny, Wooden Satellite
Ranking
- Shocked South Carolina woman walks into bathroom only to find python behind toilet
- Russia arrests Wall Street Journal reporter Evan Gershkovich, accuses him of spying for U.S.
- Oscar Pistorius denied parole a decade after murdering girlfriend Reeva Steenkamp in South Africa
- An Ode to the TV Shows That Showed Just How Powerful Women Can Be
- Georgia State University is planning a $107M remake of downtown Atlanta
- El Salvador Plans To Use Electricity Generated From Volcanoes To Mine Bitcoin
- Avalanche kills seven tourists near Himalayan beauty spot in India
- U.S. drone strike in Syria kills ISIS leader who was plotting attacks in Europe, U.S. military says
Recommendation
-
MVSU football player killed, driver injured in crash after police chase
-
Kelly Ripa and Ryan Seacrest Travel Back to Jurassic Park Just in Time for the Oscars
-
Brittney Griner says she has great concern for Wall Street Journal reporter held in Russia
-
Feel Like an It Girl With These 16 Lululemon Bags: Belt Bags, Crossbodies, Backpacks, and More
-
Indiana in the top five of the College Football Playoff rankings? You've got to be kidding
-
As Finland gets NATO membership, here's what it means and why it matters
-
World's deepest fish caught on camera for first time by scientists — over 27,000 feet below the surface
-
Allow Kim Kardashian to Give You a Tour of Her Jaw-Dropping Home Garden