≡ Menu

In Costly Bay Area, Even Six-Figure Salaries Are Considered ‘Low Income’

An anonymous reader shares an article: In the high-priced Bay Area, even some households that bring in six figures a year can now be considered “low income.” That’s according to the U.S. Department of Housing and Urban Development, which recently released its 2017 income limits — a threshold that determines who can qualify for affordable and subsidized housing programs such as Section 8 vouchers. San Francisco and San Mateo counties have the highest limits in the Bay Area — and among the highest such numbers in the country. A family of four with an income of $105,350 per year is considered “low income.” A $65,800 annual income is considered “very low” for a family the same size, and $39,500 is “extremely low.” The median income for those areas is $115,300. Other Bay Area counties are not far behind. In Alameda and Contra Costa counties, $80,400 for a family of four is considered low income, while in Santa Clara County, $84,750 is the low-income threshold for a family of four.

Read more of this story at Slashdot.

{ 0 comments… add one }

Leave a Comment

Home | About | Contact | Disclaimer | Terms | Privacy

Copyright © 2017 by Tom Connelly | All Rights Reserved