Finance

Six-Figure Earners Qualify As Low-Income In San Francisco

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Evie Fordham Politics and Health Care Reporter
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Making six figures is not enough to keep a household above the poverty line in the San Francisco Bay Area anymore — at least that’s what the area’s standard for low-income housing would indicate.

A family of four making up to $117,400 a year qualifies for low-income housing in San Francisco, San Mateo and Marin counties, according to CBS San Francisco Bay Area, citing a new report from the Department of Housing and Urban Development. (RELATED: The National Park Service Is Moving Major Offices Out Of San Fransisco Because It’s Too Expensive)

San Francisco is one of the most expensive U.S. cities to live in, and California is one of the most expensive states to live in. California passed multiple bills at the state level to subsidize affordable housing in 2017. The state is trying to get residents excited about its fledgling public transport system, CalTrans, which would help increase urban density and facilitate commuting, reported Vox.

The threshold for a low-income household in the San Francisco Bay Area has risen 10 percent since 2017, CBS reported.

A report from San Mateo County highlights residents’ plights. The county added 72,000 jobs between 2010 and 2015, but only built 3,844 new homes during that time frame, according to according to CBS.

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