San Francisco: Where a Six-Figure Salary Is ‘Low Income’
July 9th, 2018Via: BBC:
A family getting by on $117,400 (£87,970) in San Francisco can now be considered ‘low income’, according to US government figures. How can that be the case?
That workers with six-figure salaries could be considered “poor” is something that might surprise many people.
Yet a recent report from the US Department of Housing and Urban Development suggests that is the reality in three areas – San Francisco and nearby San Mateo and Marin Counties – where families like these may be eligible for housing assistance.
It set the figures after looking at salaries and housing costs in the area and while $117,400 for a family of four was “low income”, $73,300 (£54,900) was “very low income” – the highest figures anywhere in the US.
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