Bay Area turning into nothing but rich people :crazy:
Those who bought houses few years ago are sitting nice :dthumb:
Those who bought houses few years ago are sitting nice :dthumb:
Bay Area Most Expensive Place In California
The Bay Area is the most expensive place to live in California for families and single people alike, a new study shows.
In "Making Ends Meet: How Much Does It Cost to Raise a Family in California?" the California Budget Project estimated two working parents raising two children in the nine-county Bay Area would need to make $79,946 annually to stay afloat.
In comparison, the statewide average annual income for a similar household was placed at $71,377, according to CBP Executive Director Jean Ross.
Ross said the CBP used "bare-bones expenditures" including housing, utilities, child care, transportation, food, health coverage, taxes and other miscellaneous expenses to calculate the incomes.
However, according to Ross, other expenses like saving for retirement and a child's college education, cable television, vacations, and purchasing a house rather than renting were not factored into the mix.
"This study strives to paint an accurate picture of the basic cost of living in California and the economic challenges facing many working families," Ross said. "It shows that making ends meet is virtually out of reach for millions of families in the state."
Ross said the incomes the CBP calculated were not meant to be a reflection of the rock-bottom cost of living in California, but rather the middle incomes that are above the poverty line but would still benefit from public aid.
A Bay Area family of two children with one working parent needs to make $55,740 annually, while statewide the income for a family with one working parent is $51,177, the CBP reported.
Single parents need to earn an annual income of $62,969 in the Bay Area, and the state average for a single parent is $53,987, according to the CBP.
Finally, a single adult needs to earn $27,901 if they are living in the Bay Area, but the statewide average came out to $25,867, the CBP reported.
http://www.nbc11.com/money/5031994/detail.html
In "Making Ends Meet: How Much Does It Cost to Raise a Family in California?" the California Budget Project estimated two working parents raising two children in the nine-county Bay Area would need to make $79,946 annually to stay afloat.
In comparison, the statewide average annual income for a similar household was placed at $71,377, according to CBP Executive Director Jean Ross.
Ross said the CBP used "bare-bones expenditures" including housing, utilities, child care, transportation, food, health coverage, taxes and other miscellaneous expenses to calculate the incomes.
However, according to Ross, other expenses like saving for retirement and a child's college education, cable television, vacations, and purchasing a house rather than renting were not factored into the mix.
"This study strives to paint an accurate picture of the basic cost of living in California and the economic challenges facing many working families," Ross said. "It shows that making ends meet is virtually out of reach for millions of families in the state."
Ross said the incomes the CBP calculated were not meant to be a reflection of the rock-bottom cost of living in California, but rather the middle incomes that are above the poverty line but would still benefit from public aid.
A Bay Area family of two children with one working parent needs to make $55,740 annually, while statewide the income for a family with one working parent is $51,177, the CBP reported.
Single parents need to earn an annual income of $62,969 in the Bay Area, and the state average for a single parent is $53,987, according to the CBP.
Finally, a single adult needs to earn $27,901 if they are living in the Bay Area, but the statewide average came out to $25,867, the CBP reported.
http://www.nbc11.com/money/5031994/detail.html
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In&Out fast food of choice in Bay Area :dthumb:snadamo said:All rich people=all rich living and expenses. Have fun when you pay $20.00 for a Big Mac "value" meal :dthumb: Or did they get rid of McDonalds in Bay Area yet?
House prices are hard to believe :crazy: Grandma just sold rental condo Foster city, was renting for $2200 month. Sold for 810K :crazy:
Found his Zip drive :lol:Gas Man said:Bee is Jetski posting under your screen name? :lol:
Wonder what his cell phone looks like :lol:SVupON1 said::lol:
for people that don't get it...you'd have to see another thread. :lol:
Motorola dynasty to modern :dthumb: Im thinking more in line with those big ones carried in hand caseSVupON1 said:ahh man I wish I had my old motorola dynasty flip phone from the early 90's up here in PA so I could take a picture of it. That thing was the big boxy flip phone. That's probably what bee has! :lol:
In&Out in Millbrae on Rollins :dthumb: Also little Manila Daly city has one :drool:snadamo said:I know. the funny part is Foster City was built on a landfill...go figure. Its absolutely insane of how real estate goes for there. Its not even worth IMO. I still dont think there is a In & Out in San Mateo. We have a few in AZ valley anymore, one right down the road :dthumb:
1 - 6 of 19 Posts
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