Current:Home > NewsEarn less than $100,000 in San Francisco? Then you are considered low income. -Pinnacle Profit Strategies
Earn less than $100,000 in San Francisco? Then you are considered low income.
View
Date:2025-04-12 00:17:02
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! (9)
Related
- Paris Hilton, Nicole Richie return for an 'Encore,' reminisce about 'The Simple Life'
- Ryan Reynolds’ Trainer Don Saladino Details His Deadpool & Wolverine Workout Routine
- Taylor Swift makes unexpected endorsement on her Instagram story
- The Ford Capri revives another iconic nameplate as a Volkswagen-based EV in Europe
- EU countries double down on a halt to Syrian asylum claims but will not yet send people back
- Kamala Harris, Taylor Swift, Jennifer Aniston and when we reduce women to 'childless cat ladies'
- Nebraska Supreme Court upholds law restricting both medical care for transgender youth and abortion
- Olympics 2024: Chrissy Teigen and John Legend's Kids Luna and Miles Steal the Show at Opening Ceremony
- 2 killed, 3 injured in shooting at makeshift club in Houston
- Olympics 2024: Chrissy Teigen and John Legend's Kids Luna and Miles Steal the Show at Opening Ceremony
Ranking
- Nearly half of US teens are online ‘constantly,’ Pew report finds
- Pregnant Gypsy Rose Blanchard Unveils Massive New Back Tattoo
- 2024 Olympics: Céline Dion Performs for the First Time in 4 Years During Opening Ceremony
- Family sues after teen’s 2022 death at Georgia detention center
- Paula Abdul settles lawsuit with former 'So You Think You Can Dance' co
- Utah officials deny clemency for man set to be executed for 1998 killing of his girlfriend’s mother
- 'Deadpool & Wolverine': What to know before you see the Marvel sequel
- USWNT comes out swinging at Paris Olympics but leaves 'a lot of room for improvement'
Recommendation
At site of suspected mass killings, Syrians recall horrors, hope for answers
Judge in Trump’s civil fraud case says he won’t recuse himself over ‘nothingburger’ encounter
Video shows escape through flames and smoke as wildfire begins burning the outskirts of Idaho town
Why do dogs eat poop? Reasons behind your pet's behavior and how to stop it
In ‘Nickel Boys,’ striving for a new way to see
Megan Fox Plays the Role of a Pregnant Woman in Machine Gun Kelly's New Music Video
Why Prince Harry Won’t Bring Wife Meghan Markle Back to the U.K.
Why does Greece go first at the Olympics? What to know about parade of nations tradition