By Louise Hansen, July 15, 2020, Mercury News.
The Bay Area is the least affordable region in the country for low- and moderate-income renters, with San Francisco, San Mateo and Marin counties topping the list, according to a new report.
Santa Clara, Alameda and Contra Costa counties also remain among the top 10 most income-stressing spots in the country, according to an analysis released Tuesday by the National Low Income Housing Coalition.
The average worker in the most expensive Bay Area counties needs to make $64 an hour to afford a two-bedroom — about 5 percent higher than last year. The heavy housing costs mean a minimum wage worker needs the equivalent of four, full-time jobs to make rent and have enough left for food and family expenses.
Comments (0)