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Tuesday, June 26, 2018

If This is Low income . . .

An excerpt from SFGate -

A six-figure salary is considered 'low income' in San Francisco, and the threshold is rising
By Michelle Robertson

The Bay Area is so expensive, earning $117,400 a year qualifies you as "low income" in some counties.

Every year the U.S. Department of Housing and Urban Development releases "income limits," the minimum income level required to qualify for some affordable housing programs.

To be considered "low income" in San Francisco, San Mateo and Marin counties, a family of four must earn $117,400 a year. "Very low income" is considered $73,300.

https://www.sfgate.com/expensive-san-francisco/article/low-income-families-sf-bay-area-hud-statistics-13024580.php

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