SAN FRANCISCO (KRON) – How much do you really have to earn to comfortably afford an apartment in the Bay Area?
The National Low Income Housing Coalition has a comprehensive report this shows what the residents have to earn annually in order to be able to afford a bedroom from zero to four in different areas.
In San Francisco, renting a one-bedroom apartment alone costs a six-figure salary; specially $ 116,920.
Broken down into an hourly wage, that would be $ 56.21 an hour to have a bedroom to yourself.
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Anyone who only earns the minimum wage of $ 14 an hour in San Francisco can easily afford $ 728 in rent, according to the coalition. The minimum wage worker would have to work 161 hours a week to be able to afford a bedroom alone.
Unsurprisingly, San Francisco is the most expensive place to live in California – followed by San Jose, Santa Cruz, and Oakland-Fremont.