San Francisco has added an affordability crisis to its crime and homelessness chaos after a California state study found that an annual salary of $100,000 is now considered “low income”.
According to the California Department of Housing and Safety, a single person in San Francisco County is considered low-wage if they earn less than $104,400, with a net after-tax wage of $72,568.
According to Zumper, the average cost of renting a one-bedroom apartment is $3,000, which means about 50 percent of net income is spent on housing.
San Mateo County and Marin County, both within 40 miles of San Francisco, have similarly high low-income rates, the highest in the state.
However, neighboring Alameda County — home to Oakland — has a low income rate of $78,550.
The city of San Francisco is adding an affordability crisis to crime, homelessness and corporate exodus as a California state study states that a $100,000 annual salary is now “low income”.
Other cities in California are similar — even Los Angeles ($70,650) and Orange ($80,400) counties are well below San Francisco.
San Diego County has a low income of $77,200, while Sacramento County — home of the state capital — drops to $60,050.
The study takes into account the additional burden of households with more than one person. In a three-person household, the low income in San Francisco County is a whopping $134,200.
If your household grows to eight people, you would need to earn just under $200,000 to be considered low-income.
This compares to just $77,200 for a three-person household in Sacramento County.
San Francisco has been plagued by myriad homelessness and crime problems since the pandemic began, leading to a mass exodus across the city.
Researchers tracked smartphone use in 63 cities and found that San Francisco, which is struggling with crime waves and homelessness on its streets, is seeing just 32 percent of the activity it saw before the pandemic.
According to The Messenger, crime in San Francisco remains a problem. Violent crime has risen 5.5 percent since she ousted former chief Chesa Boudin as district attorney last year.
According to the California Department of Housing and Safety, a single person in San Francisco County is considered low-wage if they earn less than $104,400, with a net after-tax wage of $72,568
The average cost of renting a one-bedroom apartment is $3,000, according to Zumper, which means about 50 percent of net income is spent on housing
In response to the city’s drug and crime epidemic, Mayor London Breed this month launched a police crackdown on outdoor drug use.
The initiative led to the rapid arrest of 45 people. But San Francisco Police Chief Bill Scott said the arrests highlight a bigger problem.
He said that only three of those arrested were San Francisco residents, proving that crime mitigation policies have made the city a center for vagrants from outside.
“I’ve talked to people and asked them why they chose to do it here.” I’ve gotten answers like, ‘Drugs are cheap and readily available, and there is an environment where they are allowed’, he said at a police commission conference last Wednesday.
The number of homicides has increased by 9.5 percent in the first five and a half months of 2023, the number of robberies by 13.2 percent. Overall crime fell by 5.1 percent.
Mayor London Breed planned the demolition of the shopping centers as a partial solution to the city’s rampant drug and crime epidemic
The Westfield mall in San Francisco could be leveled due to the city’s out of control crime spree
A map shows the major companies that have left or are planning to leave San Francisco in the last few months. Westfield, which recently announced its departure, will be ditching its massive mall – and several residents have already said they plan to follow suit
An analysis of official numbers and other research shows that San Francisco could lose hundreds of millions of dollars from business exodus and a failure to recover from COVID
Rampant crime caused the city to experience a mass exodus of businesses, with Westfield the last to flee after announcing it was being forced to stop making mortgage payments due to the loss of business.
The Westfield mall in San Francisco is the prime example of the city’s dramatic downfall, where the once-bustling hub is now a drug-ridden wasteland.
In 2016, the property was valued at $1.2 billion, but a sharp decline meant the mall was plagued by years of looting, soft policing, and outdoor drug use.
The mall’s primary tenant, Nordstrom, announced it will be leaving the site in August. At the time, Westfield blamed “unsafe conditions” and “a lack of enforcement action against rampant criminal activity” for the departure.
Once Nordstrom leaves the mall, it will only be 55 percent occupied.