Adobe Stock / "MattBoylePhotos"

Six figures = low income? Huh? According to HUD, that's the case in Marin County, California. reports:

Reflecting the Bay Area’s relentless rise in housing costs, the U.S. Department of Housing and Urban Development’s latest definition of the “low” income level to qualify for certain affordable housing programs stands at $117,400 per year for a household of four people in San Francisco, Marin and San Mateo counties.

Households in those three counties that are considered “very low” income bring in as much as $73,300 per year and the threshold for “extremely low” for a family of four is $44,000, according to HUD’s recently released 2018 limits. The median family income for those areas is $118,400, according to HUD.

The federal income limits, which set a threshold that determines who can qualify for affordable and subsidized housing programs such as Section 8 vouchers, have risen for at least the last four consecutive years.

Read More