SAN FRANCISCO (KRON) — How much do you really need to make to comfortably afford housing in the Bay Area?
The National Low Income Housing Coalition released a comprehensive report that shows what residents need to make annually to afford a zero-to-four bedroom in different areas.
In San Francisco, renting a one bedroom apartment alone requires a six-figure salary; specifically $116,920.
Broken down into an hourly wage, that would be making $56.21 per hour to have a one bedroom all to yourself.
Anyone who is making just the minimum wage in San Francisco, $14 per hour, can comfortably afford a $728 rent payment, according to the coalition. The minimum wage worker would need to put in 161 hours of work per week to afford a one bedroom alone.
To no surprise, San Francisco is California’s top most expensive place for housing – followed by the San Jose area, Santa Cruz area, and then the Oakland-Fremont area.