It is a subsidiary of The Pew Charitable Trusts. This means that, on average, a single person living alone needs to make just $78,281 to be considered upper class. San Francisco has one of the highest costs of living in the United States. In addition to buses and taxis, the Bay Area Rapid Transit, or BART, train system runs extensively throughout the metro area.. For example, HUD defined “Low Income Limits” in San Francisco as $82,200 for an individual and $117,400 for a family of four in 2018, based on 80% of the area’s median income. Accessed March 22, 2020. "Searching for Parking Costs Americans $73 Billion a Year." Bay Area Rapid Transit. Accessed March 21, 2020. Public housing includes single family homes and high-rise apartments for low-income, elderly and disabled people. In San Francisco, where the median income was $103,000, 50 percent of that is $51,500, and the very low-income limit for a family of four was $55,500. (+1) 202-419-4300 | Main A household in a metropolitan area with a higher-than-average cost of living or one with four or more people needs more than $48,500 to be included in the middle-income tier. Sharing an apartment with three other students brings your share of a three-bedroom apartment rent of around $6,300 to $2,100. Your utility bill also becomes one-fourth of what it costs if you were to live alone. The survey found that 36% of lower-income adults and 28% of middle-income adults said they had lost a job or taken a pay cut due to the coronavirus outbreak, compared with 22% of upper-income adults. Sheila Mason has been a writer and editor for more than 20 years. HUD's working definition of an elderly family is more detailed. The good news is that $3,500 is the median. Your Driving Costs: How Much Are You Really Paying to Drive? That said, it is still wise to have six months of living expenses saved up when moving to the city without a job. Students can save on living costs by sharing an apartment with roommates. Accessed March 21, 2020. "How much does auto insurance cost in San Francisco?" The above information should make it clear that San Francisco is a hard place to live without a steady income. "Selected western metropolitan areas: Average annual expenditures and characteristics, Consumer Expenditure Survey, 2018-2018." U.S. Bureau of Labor Statistics. Eligibility for very low-income housing starts at $46,100 for a single person. Bills for city residents are lower than the national average. "Your Driving Costs: How Much Are You Really Paying to Drive?" San Francisco Apartments Under $6,300 For Rent. Lifestyle inflation refers to an increase in spending when an individual's income goes up. HUD's working definition of a family is broad; a family can be a single person or a group of people and it can include a child temporarily away from home or in foster care. The estimated share living in upper-income households is greatest in San Jose-Sunnyvale-Santa Clara, California (34%) and the smallest in El Centro, California (7%). For San Francisco, that means $25,000 to $30,000. As of January 2020, the city's unemployment rate was 2.7%, nearly a full percentage point below the national rate of 3.6%.  In fact, it is one of the lowest citywide rates in the United States. In Danville, that figure for a family of four is $45,900, and in San Francisco it's $88,800. Accessed March 22, 2020. The second part of our calculator asks you more questions about your education, age, race or ethnicity, and marital status. Pew Research Center does not take policy positions. Federal law requires HUD ( to set income limits to determine whether someone is eligible for public housing in any of HUD's three major assisted housing programs, the Public Housing Program, the Section 8 Housing Choice Voucher Program and Section 202 housing for the elderly. Auto insurance and gas cost well above the national average. Accessed March 22, 2020. (+1) 202-857-8562 | Fax The offers that appear in this table are from partnerships from which Investopedia receives compensation. Accessed March 21, 2020. MAXIMUM INCOME BY HOUSEHOLD SIZE derived from the Unadjusted Area Median Income (AMI) for HUD Metro Fair Market Rent Area (HMFA) that Contains San Francisco Income Definition 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person 9 Person 20% OF MEDIAN $16,600 $18,950 $21,300 $23,700 $25,550 $27,450 $29,350 $31,250 $33,150 This number increases to … San Franciscans pay more for food than residents of almost any city in the United States. A loaf of plain white bread costs around $3. The cost of living is the amount a person needs to spend to cover basic expenses such as housing, food, taxes, and healthcare in a particular place. For someone moving from a less expensive part of the country, such as the South or the Midwest, this figure may invoke shock or outright fear. Households in less expensive areas or with less than three people need less than $48,500 to be considered middle income. Pew Research Center designed this calculator as a way for users to see, based on the Center’s analysis, where they appear in the distribution of U.S. adults by income tier, as well as how they compare with others in their own demographic profile. TomTom. You can learn more about the standards we follow in producing accurate, unbiased content in our. Even if you move to the area with money saved up, … What Do I Need to Qualify for Low-Income Housing? In 2018, San Francisco, CA had a population of 883k people with a median age of 38.3 and a median household income of $112,376. Low-income families have incomes that are not more than 80 percent of the medium family income for an area. "San Francisco Home Prices & Values." In our analysis, “middle-income” Americans are adults whose annual household income is two-thirds to double the national median, after incomes have been adjusted for household size. For low-income families, the income limits are considerably higher. Accessed March 22, 2020. The above information should make it clear that San Francisco is a hard place to live without a steady income.


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