How a lot cash it is advisable afford lease in San Francisco

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.

IRS is sending 4 million “surprise” tax refunds this week

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.