Current:Home > NewsEarn less than $100,000 in San Francisco? Then you are considered low income. -Horizon Finance Path
Earn less than $100,000 in San Francisco? Then you are considered low income.
View
Date:2025-04-17 17:19:58
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! (17231)
Related
- The FBI should have done more to collect intelligence before the Capitol riot, watchdog finds
- Pulisic scores in AC Milan win, makes USMNT history with Champions League goal for three clubs
- College Football Playoff ticket prices: Cost to see Rose Bowl, Sugar Bowl highest in years
- Tesla recall: 2 million vehicles to receive software update as autopilot deemed insufficient
- IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power
- Michael Jordan, Scottie Pippen, Dennis Rodman headline first Bulls' Ring of Honor class
- How much is Klay Thompson still worth to the Golden State Warriors?
- As Pacific Northwest fentanyl crisis surges, officials grapple with how to curb it
- The Daily Money: Spending more on holiday travel?
- Berkshire can’t use bribery allegations against Haslam in Pilot truck stop chain accounting dispute
Ranking
- Could your smelly farts help science?
- New Hampshire sheriff charged with theft, perjury and falsifying evidence resigns
- A volcano on Hawaii’s Big Island is sacred to spiritual practitioners and treasured by astronomers
- St. Louis Blues fire Stanley Cup champion coach Craig Berube
- IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power
- A boss bought scratch-off lottery tickets for her team. They won $50,000.
- These states will see a minimum-wage increase in 2024: See the map
- The AP names its five Breakthrough Entertainers of 2023
Recommendation
Former longtime South Carolina congressman John Spratt dies at 82
10 years later, the 'Beyoncé' surprise drop still offers lessons about control
After 18 years living with cancer, a poet offers 'Fifty Entries Against Despair'
2 Los Angeles County men exonerated after spending decades in prison
New Mexico governor seeks funding to recycle fracking water, expand preschool, treat mental health
From chess to baseball, technology fuels 'never-ending arms race' in sports cheating
André Braugher mourned by 'Brooklyn Nine-Nine' co-star Terry Crews: 'You taught me so much'
Rembrandt portraits that were privately held for nearly 200 years go on show in Amsterdam