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Old 01-08-2015, 01:20 PM
 
2,379 posts, read 1,816,986 times
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Quote:
Originally Posted by NorCalLover View Post
80k is just above the median salary for San Francisco residents. As a single person you can certainly afford to live reasonably in a studio (assuming no huge debts), however you will not be able to live luxuriously like on that salary in other metro areas.


Keep in mind, a fair number of apartments in SF are covered by the rent control ordnance. Somebody who has lived in the same rent controlled apartment for quite a number of years is very likely paying far under current market rate rent.. A smaller size one bedroom apt on my block was rented this past summer for $2,000 a month. The previous long term tenant in that apt I heard, was paying approx $850 a month. The economics are going to be quite different for somebody moving to SF now with a Salary of $80K vs somebody making $80K who has been living the past 20 yrs in a rent controlled apt
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