San Francisco Is So Expensive, You Can Make Six Figures and Still Be ‘Low Income’
“In the latest sign of the astronomical cost of living in parts of California, the federal government now classifies a family of four earning up to $117,400 as low-income in three counties around the Bay Area. That threshold, the highest of its kind in the nation, applies to San Francisco, San Mateo and Marin Counties. It’s used to determine eligibility for federal and local housing assistance programs. (But it’s different from the federal poverty guidelines.)”