6 figure salary considered low income for Bay Area families

BAY AREA (KTVU) - The federal government came up with new numbers on what qualifies as low income in the Bay Area.

Even if a family brings in a six figure salary - if that family lives in San Francisco, San Mateo or Marin counties - they will still be considered low income, according to the Department of Housing. That means they will be eligible for housing assistance.

The US Department of Housing and Urban Development put out updated numbers in San Francisco and on the Peninsula saying a family of four making $105,000 is now considered low income. Compare that to just last year when the threshold was $98,000 for the same area.

A look at what annual salaries are considered low income for families (of four) living in other Bay Area counties

Alameda and Contra Costa counties: $80,000

Santa Clara County: $84,000

Napa County: $74,000

Solano County: $64,000

The new definitions and the higher income threshold mean more families across the Bay Area can qualify for housing assistance and affordable housing programs.

But it's a troubling reminder that the cost of living continues to rise here every year.

The median income for San Mateo and San Francisco is $115,000, which is only about $10,000 more than the new low-income threshold.
 

Up Next:


  • Popular

  • Recent

WATCH FOX 7 NEWS LIVE

FOX 7 News streams at the following times (all times Central):


Monday - Friday

4:30 a.m. - 10 a.m.

12 p.m. - 12:30 p.m.

5 p.m. - 6 p.m.

9 p.m. - 10:30 p.m.

Saturday

6 a.m. - 8 a.m.

6 p.m. to 6:30 p.m.

9 p.m. to 10 p.m.

Sunday

6 a.m. - 8 a.m.

5 p.m. to 5:30 p.m.

9 p.m. to 10 p.m.



Schedule subject to change in the event of network sports coverage.

We also stream press conferences and other breaking news coverage from time to time. When we are not in a live newscast, you will see replays of the most recent broadcast.

To enter full screen Mode click the button.

For closed captioning, click on the button while in full screen mode.

Desktop/tablet users: To choose the stream's video quality, click on the button (while in full screen mode) and choose from 432p or 270p.

Mobile users:The video quality default is to your phone's settings.

Please allow time for buffering. If the stream stalls, refresh your browser. Thanks for watching

Stories You May Be Interested In - Includes Advertiser Stories