Re:Median Rent SF: One Bedroom Apartment Map
by binarycrusader on Thursday March 28, 2013 @10:07PM
(#5458876)
I think you're failing to account for taxes and other things out here. At $100K+ year, someone out in the bay area will likely see only 64% of that in their paychecks. So by that rule, they'd have to find somewhere to live that cost them no more than $1230 per month.
In the bay area, I'd say 1.5 ($1846) weeks to 2 ($2461) weeks of pay is a more realistic number.
The only people I know that have rent/mortgage that is 1 week's take-home pay either make significantly more than $100K per year or have split the rent between multiple occupants/families.
Being a single person in the Bay Area, or a couple with one income earner is not an easy task when you consider those figures.
In the bay area, I'd say 1.5 ($1846) weeks to 2 ($2461) weeks of pay is a more realistic number.
The only people I know that have rent/mortgage that is 1 week's take-home pay either make significantly more than $100K per year or have split the rent between multiple occupants/families.
Being a single person in the Bay Area, or a couple with one income earner is not an easy task when you consider those figures.