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According to [1] average income in SV is $140k, and median house price is $1.2M. $400k income would put you into upper middle class territory. [1] https://sf.
by p1esk 7y ago
According to [1] average income in SV is $140k, and median house price is $1.2M.
$400k income would put you into upper middle class territory.
[1] https://sf.curbed.com/2019/2/19/18229922/silicon-valley-index-2019-housing-gentrification-wealth-gap https://sf.curbed.com/2019/2/19/18229922/silicon-valley-inde...
- deadc0de 7y ago140k is believable, but I think they mean it's per person. If you rent, it's very unlikely you'd be able to buy a 1.2M house on 140k if you started with 0 in savings. EDIT: To clarify my previous post - I was talking about the household income.
- p1esk 7y ago$140k is household income: https://siliconvalleyindicators.org/data/economy/income/household-income/median-household-income/ https://siliconvalleyindicators.org/data/economy/income/hous... I agree that it might be tough to buy a median house with median income in some areas, however you can easily afford to buy a decent house almost anywhere with $400k income.