$100k now deemed low income in some California counties amid rising costs
Photo: Crypto Briefing
Recent reports indicate that in certain California counties, a $100,000 annual income is now classified as low income due to escalating living costs. This classification is tied to the state’s affordable housing programs, with specific income thresholds set by the California Department of Housing and Community Development. These thresholds reflect the high cost of living in counties such as Santa Cruz, San Francisco, and Santa Clara, among others. The news has sparked discussions around the economic pressures faced by residents, particularly in relation to taxation and welfare policies.
Source: Crypto Briefing
