This Is How People Can Actually Afford to Live in the Bay Area
“According to a recent study by the National Low-Income Housing Center(NLIHC), to afford rent on a one-bedroom apartment in San Francisco—’fair-market’ rate $2,500, actual rent probably way more than that—you’d have to earn at least $99,960 a year. For someone trying to survive on the city’s $15-an-hour minimum wage, that would mean working three full-time jobs, or more than 128 hours a week. Across the Bay, according to the same study, the numbers for Alameda County (including Oakland and Berkeley) drop to ‘only’ $74,200 a year—fair-market rate $1,855—or upwards of 107 hours a week working at Oakland’s $13.23 minimum wage. This is technically possible, if you’re okay with working double shifts every day of the year.”