The city where R1,5-m is ‘low income’ – and you may be eligible for housing assistance

Famous view of San Francisco at Alamo Square CA, USA
Famous view of San Francisco at Alamo Square CA, USA

Earnings in San Francisco are 45% higher than for the US as a whole according to a report just published by the US Department of Housing and Urban Development.

The downside, the report says, is that living costs in the US’s IT and high-tech hub are 25% higher than the norm, particularly for housing.

While $117 400 (R1,5-million) is considered ‘low income’ for a family of four and $73 300 (R980 000) ‘very low income’ in the City by the Bay, across the US as a whole nearly two thirds of American families live on less than $117 400.

Yet in San Francisco families at these ‘low income’ levels may qualify for housing assistance.

The poverty line for a family of four in the US is considered to be $25 100 (R336 000) and of the total population of 326-million, 40-million people in families of all sizes fall into that category.

The median income across the US for a family of four is $91 000 (R1,2-million) and for a family of any size $59 000 (R792 000).

AUTHOR
AFP

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