Making $500,000 may not be much at all if you live in some Bay Area cities

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Monday, April 15, 2019
Making $500K may not be much at all if you live in some Bay Area cities
Depending on where you live in the Bay Area, and the size of your family, making half a million a year may not be that much money.

SAN FRANCISCO (KGO) -- Depending on where you live in the Bay Area, and the size of your family, making half a million a year may not be that much money.

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According to our media partner the Mercury News, wealth managers say the income of middle-class families in the Bay Area varies from around $65,000 to more than $1-million. That's what it takes for a couple to comfortably own a home, have medical care, and raise two children.

Richmond has the lowest threshold for upper class at around $122,000. In San Ramon, Pleasanton and Dublin, upper-class household incomes start at roughly $276,000.

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In Palo Alto and Cupertino, households have to make at least $300,000. Los Altos has the highest at about $416,000 to $600,000.

And keep in mind many middle-class families are two income households.

Take a look at more stories about housing in the Bay Area here.

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