New Definition of Low Income $111,700 (Patreon)

This is crazy, the new low-income definition in the Bay Area, California, is $111,700.

In the Bay Area, the average rent for a one-bedroom apartment in San Francisco is around $3,000/month ($36,000/year). For a family needing a larger space (e.g., a two-bedroom apartment), costs can easily exceed $4,000/month ($48,000/year). At $111,700 annually, housing alone could consume 43% or more of gross income, far exceeding the recommended 30% threshold for affordability

Plus 111K is about $55 an hour.