Income Disparity San Francisco

Ppic s analysis did not include figures from individual counties but 2018 census data shows the widest income disparities in the bay area are in san francisco county where the top 5 of households makes an average of 808 105 annually compared with 16 184 for the lowest 20.

Income disparity san francisco. The average income of the top 1 of households in the city averages 3. In a discussion about income disparity in san francisco and how to narrow the gap between the rich and poor anda kuo md professor of pediatrics and co leader of the ucsf child health equity institute spoke of how one s zip code can determine outcomes such as education level income level and general health. The wage inequality seen in major cities like chicago houston new york city san francisco and washington d c. In 2014 the san francisco metropolitan area was the only northern california region to be in the nation s top 10 for income inequality.

The median annual household income for black and pacific islander families in san francisco is close to 30 000 and 67 000 respectively compared with over 104 000 citywide. According to a recent study by the california budget center san francisco ranks first in california for economic inequality. On a national scale the income gap within the middle class rose by 12 800 to 85 200. Income inequality has become a major issue in the united states where a quarter of all workers make less than 10 an hour while the wealthiest 0 1 of americans in 2017 had 188 times the income of the bottom 90.

Can be attributed to the local effects of technological change and globalization. Housing shortages and growing rates of poverty in san francisco have increased the city s homelessness rates in recent years for example. San jose and san francisco were again at the top but switched spots from last year. With the top 5 percent of households making an average of 353 483 and the lowest 20 percent of households making 31 761 the income inequality ratio was 11 1 the third highest income inequality in america.