Current:Home > InvestEarn less than $100,000 in San Francisco? Then you are considered low income. -ProfitPoint
Earn less than $100,000 in San Francisco? Then you are considered low income.
View
Date:2025-04-16 09:04:59
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! (21)
Related
- Buckingham Palace staff under investigation for 'bar brawl'
- Big Lots to close 35 to 40 stores this year amid 'doubt' the company can survive
- How to help victims of Hurricane Beryl − and avoid getting scammed
- Rays' Wander Franco placed on MLB restricted list after human trafficking charges
- Biden administration makes final diplomatic push for stability across a turbulent Mideast
- A 5-year-old child in foster care dies after being left in hot SUV in Nebraska
- Man caught smuggling 100 live snakes in his pants, Chinese officials say
- Wheel of (shrinking) fortune: How game-show prizes have lagged behind inflation
- Paula Abdul settles lawsuit with former 'So You Think You Can Dance' co
- Cillian Miller's Journey in Investment and Business
Ranking
- Tree trimmer dead after getting caught in wood chipper at Florida town hall
- PepsiCo second quarter profits jump, but demand continues to slip with prices higher
- Man sentenced to 4-plus years in death of original ‘Mickey Mouse Club’ cast member
- U.S. men's soccer coach Gregg Berhalter fired after poor showing in Copa America
- 2 killed, 3 injured in shooting at makeshift club in Houston
- Blake Lively Reveals the “Best Compliment” She’s Received in Her Life
- In the South, Sea Level Rise Accelerates at Some of the Most Extreme Rates on Earth
- Scarlett Johansson says 'Poor Things' gave her hope for 'Fly Me to the Moon'
Recommendation
The Louvre will be renovated and the 'Mona Lisa' will have her own room
South Dakota corrections officials investigate disturbance that left 6 inmates injured
ACC lawsuit against Clemson will proceed after North Carolina judge denies motion to stay
Alec Baldwin's 'Rust' trial is underway: Live updates of the biggest revelations
Travis Hunter, the 2
Houston keeps buckling under storms like Beryl. The fixes aren’t coming fast enough
Uruguay players and Colombia fans fight in stands after Copa America semifinal
Gun and ammunition evidence is the focus as Alec Baldwin trial starts second day