3 ms·

A developer in SF is not in the upper quintile.. they can't even afford a starter house. Big cities add huge costs that start making sense with home ownership

by ipaddr 4y ago

A developer in SF is not in the upper quintile.. they can't even afford a starter house. Big cities add huge costs that start making sense with home ownership but will leave a renter worse off. Good advice on the other points.

scarface74 4y ago
The median household income in SF is $92K. https://sf.curbed.com/2019/2/25/18239828/report-middle-class-income-ranges-sf-bay-area-salary https://sf.curbed.com/2019/2/25/18239828/report-middle-class... The average software developer in SF makes more then twice that. https://www.builtinsf.com/salaries/dev-engineer/software-engineer/san-francisco https://www.builtinsf.com/salaries/dev-engineer/software-eng...
- Hydraulix989 4y ago
  That just doesn't make any sense. You can't even rent an apartment for less than $3,000 in SF, let along think about buying the average $2M house. What is the discrepancy? Maybe these folks all ended up buying their houses 30 years ago?
  - scarface74 4y ago
    Yet somehow half the people seem to be surviving in SF making that and less.
    - HFguy 4y ago
      The number doesn't jive for me either. You would have to go through how the median income number is formulated. It may not be how you think. I can't tell you the number of times I've seen this with broad statistics.
      - scarface74 4y ago
        Just maybe in your bubble you think everyone is making a lot in SF? These are the numbers from the census bureau. It still says $119K https://www.census.gov/quickfacts/sanfranciscocitycalifornia https://www.census.gov/quickfacts/sanfranciscocitycalifornia Median isn’t some obscure statistic that’s hard to calculate.
- staticman2 4y ago
  It's $119,136 not 92k: https://www.census.gov/quickfacts/fact/table/sanfranciscocitycalifornia/INC910220 https://www.census.gov/quickfacts/fact/table/sanfranciscocit... And that's of 2020 so out of date.
  - scarface74 4y ago
    Yes because I’m sure two year old data is grossly out of date and the median income has gone up greatly enough so that a software engineer in SF is no longer in the top quintile.

by ipaddr 4y ago

scarface74 4y ago

The median household income in SF is $92K. https://sf.curbed.com/2019/2/25/18239828/report-middle-class-income-ranges-sf-bay-area-salary https://sf.curbed.com/2019/2/25/18239828/report-middle-class... The average software developer in SF makes more then twice that. https://www.builtinsf.com/salaries/dev-engineer/software-engineer/san-francisco https://www.builtinsf.com/salaries/dev-engineer/software-eng...

Hydraulix989 4y ago
That just doesn't make any sense. You can't even rent an apartment for less than $3,000 in SF, let along think about buying the average $2M house. What is the discrepancy? Maybe these folks all ended up buying their houses 30 years ago?
- scarface74 4y ago
  Yet somehow half the people seem to be surviving in SF making that and less.
  - HFguy 4y ago
    The number doesn't jive for me either. You would have to go through how the median income number is formulated. It may not be how you think. I can't tell you the number of times I've seen this with broad statistics.
    - scarface74 4y ago
      Just maybe in your bubble you think everyone is making a lot in SF? These are the numbers from the census bureau. It still says $119K https://www.census.gov/quickfacts/sanfranciscocitycalifornia https://www.census.gov/quickfacts/sanfranciscocitycalifornia Median isn’t some obscure statistic that’s hard to calculate.
staticman2 4y ago
It's $119,136 not 92k: https://www.census.gov/quickfacts/fact/table/sanfranciscocitycalifornia/INC910220 https://www.census.gov/quickfacts/fact/table/sanfranciscocit... And that's of 2020 so out of date.
- scarface74 4y ago
  Yes because I’m sure two year old data is grossly out of date and the median income has gone up greatly enough so that a software engineer in SF is no longer in the top quintile.