Living Wage Calculation for San Diego County, California
| 1 ADULT | 2 ADULTS (BOTH WORKING) | |
|---|---|---|
| 0 Children | 2 Children | |
| Living Wage | $21.26 | $28.30 |
| Poverty Wage | $6.13 | $6.30 |
| Minimum Wage | $12.00 | $12.00 |
Contents
What salary do you need to live in San Diego?
As you can see from our breakdown of living costs, a $100,000 salary should be enough to live comfortably in San Diego, provided you aren’t spending excessive amounts of money on travel, gambling, or luxury goods.
Is 75K a good salary in San Diego?
According to NerdWallet, the median salary in San Diego is $63,73, with the average salary being up to $75K. It’s the 14th most expensive city in the nation out of 268 cities.
What is an average salary in San Diego?
Average Salary in San Diego, CA
| Annual Salary | Monthly Pay | |
|---|---|---|
| Top Earners | $91,982 | $7,665 |
| 75th Percentile | $75,629 | $6,302 |
| Average | $68,564 | $5,713 |
| 25th Percentile | $50,590 | $4,215 |
What salary do you need to live in San Diego 2021?
San Diego is known for its high cost of living, which requires a decent salary to enjoy what the city offers. You’ll need to earn a bare minimum of $21.26 per hour if you’re single with no children or $39.67 an hour for a family of three.
What is considered affordable housing in San Diego?
In San Diego, the median price of a home is more than $500,000, a product of supply and demand and location. The U.S. Department of Housing and Urban Development (HUD) defines “affordable” as housing that costs no more than 30 percent of a household’s monthly income.
What is considered poverty level in San Diego?
In 2018, the poverty threshold for an individual was less than $12,784 and was $25,701 for a family of four. The poverty thresholds underestimate the number of poor people, especially in high-cost areas like San Diego.
Is San Diego worth the cost of living?
San Diego consistently ranks as one of the top 10 most expensive cities in the country so you can bet that living in San Diego won’t come cheap. The average monthly rent for a one-bedroom apartment clocks in at a steep $2,400 and the median home price is currently $765,000 (rising annually).
How do people live comfortably in San Diego?
Typical Expenses
| 1 ADULT | ||
|---|---|---|
| 0 Children | 1 Child | |
| Medical | $2,545 | $8,323 |
| Housing | $16,848 | $24,444 |
| Transportation | $4,900 | $8,987 |
Why is San Diego so expensive?
So, the primary cause of the hefty price appreciation is a perfect storm where increased housing demand has meant fewer houses for sale. Inventory is very low. The Redfin Data Center noted that there were 3.395 active listings in San Diego County from March 1 to March 28, 2021.
What is considered a livable wage?
The living wage in the United States is $16.54 per hour, or $68,808 per year, in 2019, before taxes for a family of four (two working adults, two children), compared to $16.14 in 2018. The minimum wage does not provide a living wage for most American families.
What is middle class in San Diego?
The annual area median income for San Diego County according to the San Diego Housing Commission is $77,900 for one person, $89,000 for a two-person household, $100,150 for a three-person household, and $21,250 for a family of four, according to federal Housing and Urban Development figures.
What is a high salary in San Diego?
Above Average Salary in San Diego, CA
| Annual Salary | Monthly Pay | |
|---|---|---|
| Top Earners | $76,651 | $6,387 |
| 75th Percentile | $62,854 | $5,237 |
| Average | $54,615 | $4,551 |
| 25th Percentile | $31,682 | $2,640 |
Why is San Diego housing so expensive?
The housing demand in San Diego has also been driven by the desire for additional space as people spend more time at home. Housing prices in San Diego County have risen dramatically in 2021 due to lower mortgage rates which allow buyers to put more of their monthly payment towards the principal.
Where does San Diego rank in cost of living?
How do San Diego prices compare to other US cities? San Diego is ranked 14 out of 273 cities across the US in terms of cost of living. The cost of living in San Diego is 140.4% of the national average.
Who can afford a house in San Diego?
San Diego, California’s median home value is $658,400, fourth-highest in the study. The average property tax rate, however, is third-lowest at 0.69%. If you have monthly debt payments of $1,000 before you take out a mortgage, you’ll need to earn at least $126,367 to afford house payments in San Diego.
What is considered middle class income in San Diego?
Table
| Population | |
|---|---|
| Income & Poverty | |
| Median household income (in 2019 dollars), 2015-2019 | $79,673 |
| Per capita income in past 12 months (in 2019 dollars), 2015-2019 | $41,112 |
| Persons in poverty, percent | 12.8% |
How do people with low income afford rent?
Below you will find five tried-and-true ways to work around strict qualifications for a rental agreement:
- Take Advantage of Your Good Credit.
- Find Yourself a Co-Signer.
- Get a Statement from Your Bank.
- Consider Offering a Higher Security Deposit.
- Take Advantage of Networking.
- Search for Already-Occupied Shares.
What qualifies as low income?
By government standards, “low-income” earners are men and women whose household income is less than double the Federal Poverty Level (FPL). For a single person household, the 2019 FPL was $12,490 a year. That means that a single person making less than $25,000 a year would be considered low income.
What percentage of San Diego is low income?
At A GLANcE
Slightly below the national (14.7 percent) and the state rate (15.3 percent), 13.8 percent of San Diego’s total population live below the federal poverty threshold.
What is considered low income in California?
2021:
| Family Size (Persons in Family/Household) | Annual Family Income | |
|---|---|---|
| HUD Low Income Level 1 | Federal Poverty Level* | |
| 1 | $66,250 | $12,880 |
| 2 | $75,700 | $17,420 |
| 3 | $85,150 | $21,960 |
