GITNUX MARKETDATA REPORT 2024

Statistics About The Average Income San Francisco

The average income in San Francisco is one of the highest in the United States, with a median household income around $112,376.

In this post, we will explore the average income landscape in San Francisco based on a variety of statistics. From the average salaries of different professions to income inequality and cost of living comparisons, these statistics provide a comprehensive view of the earning potential and economic dynamics in the vibrant city by the bay.

Statistic 1

"The average salary for a software engineer in San Francisco is approximately $123,000 per year."

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Statistic 2

"The average salary for a registered nurse in San Francisco is about $142,000 per year."

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Statistic 3

"San Francisco's median household income was more than 50% higher than the California state median in 2019."

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Statistic 4

"The cost of living in San Francisco is 94% higher than the national average."

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Statistic 5

"San Francisco had the highest median household income among the 25 largest U.S. cities in 2019."

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Statistic 6

"The average income for San Francisco's top 5% earners is $485,000."

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Statistic 7

"The inequality ratio between the top 20% and the bottom 20% of earners in San Francisco is one of the highest in the U.S."

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Statistic 8

"The unemployment rate in San Francisco was 2.3% in January 2020."

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Statistic 9

"The average annual salary in the financial services sector in San Francisco exceeds $180,000."

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Statistic 10

"Wage growth in San Francisco outpaced national wage growth from 2010 to 2020."

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Statistic 11

"The median income for full-time, year-round male workers in San Francisco was $97,106 in 2019."

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Statistic 12

"The median income for full-time, year-round female workers in San Francisco was $81,842 in 2019."

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Statistic 13

"The median household income in San Francisco was $112,376 in 2019."

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Statistic 14

"The average income for a data scientist in San Francisco is approximately $140,000 per year."

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Statistic 15

"Approximately 25% of San Francisco households have an annual income of $200,000 or more."

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Statistic 16

"The estimated average rent for a one-bedroom apartment in San Francisco is $3,400 as of 2021."

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Statistic 17

"The per capita income in San Francisco was $59,508 in 2019."

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Statistic 18

"The poverty rate in San Francisco was 10.3% in 2019."

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Statistic 19

"The average income for an IT manager in San Francisco is around $161,000 per year."

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Statistic 20

"San Francisco's median household income increased by nearly 13% from 2018 to 2019."

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In conclusion, the statistics surrounding average incomes in San Francisco paint a complex picture of wealth disparity and economic dynamics within the city. While certain professions like software engineers and registered nurses command high average salaries, the cost of living in San Francisco is significantly above the national average. The city boasts the highest median household income among major U.S. cities and experienced notable wage growth over the past decade. However, this prosperity is accompanied by stark income inequality, with a notably high disparity between the top and bottom earners. Furthermore, while the unemployment rate in San Francisco is relatively low, the city still grapples with a significant poverty rate. These statistics collectively illustrate the multifaceted nature of San Francisco’s economic landscape, highlighting both opportunities and challenges that residents face in this bustling metropolitan area.

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