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The median place and county in California had a per capita income of roughly $25,000, and the lower third of both types of geographies had per capita incomes with an upper bound of about $20,000. Places and counties with the highest per capita income were concentrated in the San Francisco Bay Area , which has a relatively high cost of living.
The 2018 median home price in Silicon Valley was $1.18 million, a 21% increase from 2017. [3] Almost 90% of low income renters in the San Jose-Sunnyvale-Santa Clara metro area were cost burdened in 2017, meaning they spent more than 30% of their income on housing. [4] Over a third of mid-income renters were cost burdened as well.
The median annual income was $89,393, and those in the bottom 20% earned $18,694 a year on average. New Jersey came in second place with the top 5% of earners making an average of $505,621 annually.
Glendale is a city in the San Fernando Valley [10] and Verdugo Mountains [11] regions of Los Angeles County, California, United States. At the 2020 U.S. Census the population was 196,543, [7] up from 191,719 at the 2010 census, [12] making it the fourth-largest city in Los Angeles County and the 24th-largest city in California.
The proposed $13 million development is designed for households earning less than 50% of the area median income. The city is contributing $2.1 million in HOME funds toward the project.
With Asheville's home prices increasing 53% between 2019 and 2023, the price of a home in the area now costs 6.5 times the areas median income.
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