Current:Home > reviewsEarn less than $100,000 in San Francisco? Then you are considered low income. -WealthRise Academy
Earn less than $100,000 in San Francisco? Then you are considered low income.
View
Date:2025-04-15 05:02:24
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! (37789)
Related
- California DMV apologizes for license plate that some say mocks Oct. 7 attack on Israel
- Ryan Reynolds Makes Hilarious Case for Why Taking Kids to Pumpkin Patch Is Where Joy Goes to Die
- AP News Digest - California
- Judge denies an order sought by a Black student who was punished over his hair
- Newly elected West Virginia lawmaker arrested and accused of making terroristic threats
- Who plays on Sunday Night Football? Breaking down Week 5 matchup
- Will Lionel Messi play vs. Toronto Saturday? Here's the latest update on Inter Miami star
- Halloweentown’s Kimberly J. Brown Reveals Where Marnie Is Today
- The FBI should have done more to collect intelligence before the Capitol riot, watchdog finds
- AP News Digest - California
Ranking
- Military service academies see drop in reported sexual assaults after alarming surge
- NFLPA calls to move media interviews outside the locker room, calls practice 'outdated'
- North Carolina lawmakers to vote on initial Helene relief
- Maryland cancels debt for parole release, drug testing fees
- Senate begins final push to expand Social Security benefits for millions of people
- Caitlin Clark Shares Tribute to Boyfriend Connor McCaffery After Being Named WNBA’s Rookie of the Year
- Colorado judge who sentenced election denier Tina Peters to prison receives threats
- The Supreme Court opens its new term with election disputes in the air but not yet on the docket
Recommendation
Could Bill Belichick, Robert Kraft reunite? Maybe in Pro Football Hall of Fame's 2026 class
Allan Lichtman shares his 2024 presidential election prediction | The Excerpt
Eminem's Daughter Hailie Jade Shares Clever Way She Hid Her Pregnancy at Her Wedding
Georgia football coach Kirby Smart's new 10-year, $130 million deal: More contract details
Intellectuals vs. The Internet
Regulators investigate possible braking error in over 360,000 Ford crossover SUVs
Family plans to honor hurricane victim using logs from fallen tree that killed him
A $1 billion Mega Millions jackpot remains unclaimed. It's not the first time.