$85,000 A Year Needed To Live -- Housed -- In San Francisco

Might be time to ask the boss for a raise

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    NEWSLETTERS

    TK
    Christie Smith
    It's very hard to find a place to live in San Francisco.

    It's the city that knows how to be expensive.

    Already holder of the title of country's priciest city for renters, that title is being quantified: in order to not have a "huge problem finding and retaining affordable housing," San Francisco residents need to be making more than $85,000 a year, according to the San Francisco Examiner.

    About a quarter of San Francisco's households make too much to be entered into the city's affordable housing problems -- and too little to compete in the market-rate housing struggle, the newspaper reported.

    That means people like Andrew Hajjar, 26, consider themselves lucky to score a $1,200-a-month studio -- and unable to live anywhere else.

    In any other city, making $42,000 to $56,000 a year as a single person would be a good living -- but in San Francisco, those "middle earners" have the "fewest real options," according to David Sobel, of the San Francisco Housing Development Corporation.