The median household income in the United States is $74,755. according to the latest available data from the Census Bureau's 2022 American Community Survey. However, half of households earn more and half earn less. The state with the highest median household income is New Jersey for $96,346while the state with the lowest $52,719 is Mississippi.

But just as incomes vary from state to state across the country, so do incomes vary from city to city. According to ACS data in 2022 San Francisco had the highest median household income of the 25 most populous cities.

What is the average income of San Francisco residents and how do they compare to the rest of the country?

Perhaps not surprisingly, the two cities with the highest median household income are in the Bay Area, home of Silicon Valley technology startups and their well-paying jobs. The median household income in San Francisco is $136,692. while the city with The second highest median income in the country is in San Jose at $133,835.

Cities with the highest population and median household income (2022)
San Francisco, California 136,692 USD
San Jose, California 133,835 USD
Seattle, WA 115,409 USD
District of Columbia 101,027 USD
San Diego, California 100,010 USD
Austin, Texas 89,415 USD
Denver, Colorado 88,213 USD
Boston, Massachusetts 86,331 USD
Los Angeles, California 76,135 USD
Phoenix, Arizona 75,969 USD

However, In both cities, the cost of living is significantly higher than the rest of the country, even within the Golden State. According to Rent Café, residents of the City by the Bay have to budget 24% more for basic needs than the state average and 71% more than the national average.

Although the Bay Area has the highest median income overall, median income there has fallen more than the national average since 2019, taking inflation into account. In 2022, median household income in the San Francisco metropolitan area was 3.3% lower than in 2019, compared to 1.6% nationally. according to an analysis of ACS data by Axios.

However, the Bay Area was one of the metropolitan areas that saw the fastest year-over-year increases from 2021 to 2022, with median income increasing 2.2%. Only the Miami and Orlando metropolitan areas saw a faster increase in median income over the same period, by 2.6% and 2.4%, respectively.

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