5 Uncomfortable Truths About Living in San Francisco

A new report from the data company Priceonomics found that the median rental price of a one-bedroom apartment in San Francisco, as of June 2014, was $3,120, totaling to a yearly housing price of $37,440. The average starting salary for a San Francisco Unified School District teacher is $47,000. The numbers exemplify how the city has become essentially unlivable for teachers, service workers, and other employees with middle-class salaries. Many of these workers come from nonprofit organizations: almost one quarter of non-profits in San Francisco have had to leave the city as a result of higher rent prices. From 2008 to 2012, the Federal Reserve Bank of San Francisco found that the city lost approximately 30,000 workers with incomes of less than $35,000 a year.

http://matadornetwork.com/pulse/5-uncomfortable-truths-living-san-francisco/

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