If you make $104,000 per year and live alone in San Francisco, San Mateo or Marin county, you’re considered low-income, according to new state data.
The California Department of Housing and Community Development released its 2023 income levels, which it calculates annually based on federal guidelines and uses to set eligibility caps for affordable housing programs, on June 6.
The category limits — ranked as extremely low, very low, low, median and moderate — are based on the estimated median income in metro areas, which is determined using census data and inflation data from the Consumer Price Index. The San Francisco metro area, for example, includes San Francisco, San Mateo and Marin counties.
While the income limit calculations are based on metro areas, they apply to housing programs at the county and local levels.
The Bay Area counties of San Francisco, San Mateo, Santa Clara and Marin have had the highest median incomes in California for the last seven years. For the last three years, including 2023, Santa Clara County’s median has been the state’s highest.
This year, Santa Clara County’s median income for a four-person household is $181,300. A four-person household there making $137,100 or less is considered low income.
For a single person in Santa Clara County, the low-income maximum is $96,000 — lower than San Francisco, San Mateo and Marin counties. The state makes adjustments to its calculations where housing costs are high relative to income.
San Francisco, San Mateo and Marin counties have each had low-income thresholds greater than $100,000 for a single person since 2021, when the limit for each county increased from $97,600 to $102,450. For the past two years, the number rose to $104,400.
As low-income categories push further into the six-figure range, more people are being priced out of the Bay Area thanks to persistently high housing costs that have made it one of the most expensive places to live in the country.
According to real estate listings site Zillow, the typical monthly asking rent in the San Francisco metro area is $3,150. To comfortably afford that, a person or household would need to bring in $126,040 per year. And the monthly cost of owning a home in the Bay Area is twice as expensive as renting, according to listings site Redfin.
Reach Danielle Echeverria: danielle.echeverria@sfchronicle.com; Twitter: @DanielleEchev
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June 23, 2023 at 06:06AM
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$104K a year is 'low-income' for single people in 3 Bay Area counties - San Francisco Chronicle
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