Current:Home > ScamsEarn less than $100,000 in San Francisco? Then you are considered low income.-VaTradeCoin
Earn less than $100,000 in San Francisco? Then you are considered low income.
View Date:2025-01-08 16:22:35
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! (8674)
Related
- Biden funded new factories and infrastructure projects, but Trump might get to cut the ribbons
- It Ends With Us: Blake Lively Has Never Looked More Hipster in New Street Style Photos
- Ex-Soldiers Recruited by U.S. Utilities for Clean Energy Jobs
- Trump golf course criminal investigation is officially closed, Westchester D.A. says
- Why Dolly Parton Is a Fan of Taylor Swift and Travis Kelce's Little Love Affair
- A doctor near East Palestine, Ohio, details the main thing he's watching for now
- InsideClimate News Wins SABEW Awards for Business Journalism for Agriculture, Military Series
- Pack These Under $25 Amazon Products to Avoid Breaking Out on Vacation
- Today's Craig Melvin Replacing Hoda Kotb: Everything to Know About the Beloved Anchor
- Are Kim Kardashian and Tom Brady Dating? Here's the Truth
Ranking
- Lala Kent Swears by This Virgo-Approved Accessory and Shares Why Stassi Schroeder Inspires Her Fall Style
- Australian airline rolls out communal lounge for long-haul flights
- Vernon Loeb Joins InsideClimate News as Senior Editor of Investigations, Enterprise and Innovations
- Arizona to halt some new home construction due to water supply issues
- Bohannan requests a recount in Iowa’s close congressional race as GOP wins control of House
- In Texas, Medicaid ends soon after childbirth. Will lawmakers allow more time?
- Knowledge-based jobs could be most at risk from AI boom
- Why 'lost their battle' with serious illness is the wrong thing to say
Recommendation
-
Patricia Heaton criticizes media, 'extremists' she says 'fear-mongered' in 2024 election
-
See Kelly Ripa and Mark Consuelos Celebrate Daughter Lola's College Graduation
-
Martha Stewart Reacts to Naysayers Calling Her Sports Illustrated Cover Over-Retouched
-
Frozen cells reveal a clue for a vaccine to block the deadly TB bug
-
SNL's Chloe Fineman Says Rude Elon Musk Made Her Burst Into Tears as Show Host
-
2018’s Hemispheric Heat Wave Wasn’t Possible Without Climate Change, Scientists Say
-
Obama Unveils Sharp Increase in Auto Fuel Economy
-
Obama Unveils Sharp Increase in Auto Fuel Economy