San Franciscans that own homes are paying about 60% of their annual income on property fees. Homeowners of the city next door pay even more.
Rents are astronomical, apartments are tiny and living with roommates can only get you so far. But the grass is not greener on the other side.
Both cities are paying over twice the monthly portion recommended by firms like Chase Bank, but that figure only places Oakland and SF in the bottom half of the top ten cities on the list. Disparate income ranges around the Bay Area can be attributed to many factors. Proximity to Silicon Valley, a major port, a university, transit centers and other infrastructure and industry all play a role in shaping a city's economic demographics.
On the other hand, more of Oakland's homeowners are Black, at 31% — but that number has also fallen six points from the year 2000, according to Oaklandside.
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