Earn less than $100,000 in San Francisco? Then you are considered low income.

Single individuals in San Francisco who earn lower than $104,400 are thought-about low revenue, in accordance with new authorities tips that decide who qualifies for some housing support. 

That signifies that some individuals in California who’re incomes above six figures — a degree that is considered as excessive revenue by many People — might actually wrestle to afford the fundamentals in these areas. Different California counties the place a wage of about $100,000 for a single individual qualifies as low revenue embody Marin and San Mateo counties, with the latter dwelling to Silicon Valley. 

Single employees in Los Angeles County, in the meantime, are thought-about low revenue in the event that they earn lower than $70,000, in accordance with the brand new tips issued earlier this month by the California Division of Housing and Neighborhood Improvement. 

The revenue tips are used to find out whether or not individuals might qualify for housing packages, together with Part 8 vouchers that present lease help to low-income households. It might be surprising {that a} six-figure earner in San Francisco may qualify for housing help, however the median dwelling sale worth within the metropolis was $1.4 million in Might 2023, in accordance with Zillow.

In the meantime, the official poverty line throughout the U.S. stands at $12,880 for a single individual, which is a suggestion used for different support packages similar to meals stamps and the Low-Revenue Dwelling Power Help Program. 

San Francisco is battling a bunch of points, together with companies which are fleeing the town amid an increase in crime and homelessness, in addition to an exodus of employees and residents as many tech firms switched to distant work through the pandemic. However regardless of these challenges, San Francisco stays dwelling to many huge companies — and its actual property fetches a hefty worth. 

Since 2016, the brink to be thought-about low revenue as a single employee has jumped by greater than $35,000, in accordance with the San Francisco Examiner.