ETF and Mutual Fund data provided by Morningstar, Inc. Dow Jones Terms & Conditions: http://www.djindexes.com/mdsidx/html/tandc/indexestandcs.html. Galindo, who teaches third grade at Lincoln Elementary School, has had both success and challenges when it comes to affording housing in the Bay Area. In Oakland, the median income for renter households is around $40,000, which means that more than half of all renter families qualify as very low income, Levin said. ), The Secret Science of Solving Crossword Puzzles, Racist Phrases to Remove From Your Mental Lexicon. Annie Sciacca covers local government in Oakland and the East Bay. If your income is low enough, you may qualify for social assistance program in California. That’s up more than 10 percent from last year and is the highest in the nation. For example, the maximum income you can have to receive CalFresh food benefits is 200 percent of the current Federal Poverty Level. He moved around the state growing up, as his father struggled sometimes to make even $15,000 in a year in his job as a day laborer and moved the family to find places they could afford. Michael Santero, director of asset management for San Jose-based First Community Housing, said it’s easy to see the increased need for affordable housing right now, as more people flock to affordable housing programs offered by First Community Housing and others in the face of rapidly rising housing costs. With an income of $48,000, it’s a challenge for him to live in the Bay Area. Families below the federal poverty level spend as much as 79 percent of their income on their homes, according to the report. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell My Personal Information | Ad Choices  8.4% of San Jose, CA residents had an income below the poverty level in 2017, which was 58.0% less than the poverty level of 13.3% across the entire state of California. In the high-priced Bay Area, even some households that bring in six figures a year can now be considered “low income.”. Some parts © 2020 Advameg, Inc. In many respects, Galindo feels well-off financially. According to ApartmentList.com, the median monthly cost of a two-bedroom apartment was $2,550 in San Jose by the end of last year. As with affordable housing income guidelines, limits vary based on where you live. The average salary in San Jose, CA is $101k. These income levels are as follows: extremely low, very low and moderately low. low-income communities concentrated in San José’s East Side and entral industrial areas; lacking access to jobs, infrastructure, and other resources and investments. By the time he pays rent for a home he shares with four roommates, including teachers, along with student loans, food, travel, phone and car payments, he has about $300 left each month. The eye-popping numbers are harsh reality for Demetrio Gonzalez, a Richmond resident with multiple higher education degrees, including a master’s in education, who supports the work of approximately 1,700 educators in West Contra Costa Unified School District in his position as president of the United Teachers of Richmond. Oakland: Black women-owned businesses go virtual for annual holiday marketplace, Coronavirus map: Here’s what tier each county in California is on Nov. 24, California up, U.S. down: Split verdict on consumer confidence, Murderers, rapists got unemployment money in $1 billion California taxpayer fraud, Click here to join our new Facebook group. Fact Check: What Power Does the President Really Have Over State Governors? Very low-income families are defined as those whose incomes do not exceed 50 percent of the median. CalWORKS is California's version of Federal Temporary Assistance to Needy Families -- TANF for short. Will 5G Impact Our Cell Phone Plans (or Our Health?! But they’re still not keeping pace with the price of housing in some areas. San Jose-Sunnyvale-Santa Clara California Household Income. Rent costs her about $1,200 per month, for an apartment she shares with her sister (“I knew I couldn’t get my own place,” Calimeris said), and an extra $600 in student loans and $250 for a car payment eat into the rest of her paycheck. For example, the CalWORKS information page for Stanislaus County indicates that the maximum income a family of two can have and qualify for CalWORKS is $870 per month. Bay Area report: Great for some professionals, but hard for workers Santa Clara County is close behind. Above these are two more levels: median and moderate. “Even though I own my home, babysitting is expensive, the cost of food is expensive.”. The median home in the San Jose Area costs $854,700 — or more than four times the typical wealthy household's annual income. Click here to join our new Facebook group. Want to find more housing coverage and connect with our journalists? Market data provided by Interactive Data. The number in the intersecting row and column is the maximum income you can have and be considered low income. In Alameda and Contra Costa counties, $80,400 for a family of four is considered low income, while in Santa Clara County, $84,750 is the low-income threshold for a family of four. Is the Coronavirus Crisis Increasing America's Drug Overdoses? Michael Santero, director of asset management for San Jose-based nonprofit affordable housing developer and manager First Community Housing, said waitlists are often years-long and turnover is low. “Minimum wage is going up, but it would be different if the cost of living was the same as when I was a teenager,” Larkins said. For other assistance programs in California, eligibility is determined by Federal Poverty Level. Individuals or families whose income is between 30 percent and 50 percent of the MFI are considered to be very low income. To find out if you're considered low income for affordable housing purposes, navigate to the county you reside in, find the row labeled Low Income and match the column with the number of people in your household. S&P Index data is the property of Chicago Mercantile Exchange Inc. and its licensors. All Access Digital offer for just 99 cents! Galindo, who teaches third grade at Lincoln Elementary School, has had both success and challenges when it comes to affording housing in the Bay Area. Even places in the East Bay suburbs, where many have flocked to find rent relief, were expensive. In costly Bay Area, even six-figure salaries…, Click to share on Facebook (Opens in new window), Click to share on Twitter (Opens in new window), Click to email this to a friend (Opens in new window), In costly Bay Area, even six-figure salaries are considered ‘low income’, Faced with sky-high prices, homebuyers look to leave Bay Area, Leaving California?

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