Bay Area Leads Nation in Median Income Growth

Bay Area Leads Natin in Median Income Growth

New figures from the U.S. Census Bureau show that the San Francisco metro area's median household income rose 5.1 percent from 2012 to 2013, giving local homebuyers even more purchasing power.

The median household income rose an estimated 5.1 percent from 2012 to 2013 in the San Francisco metropolitan area, which includes San Francisco, Alameda, Contra Costa, Marin, and San Mateo counties. The San Francisco region outpaced both the U.S. (0.6 percent) and California (1.7 percent) in terms of annual income growth.

Households in the San Francisco metro area earned a median income of $79,624 in 2013, the second-highest in the U.S. behind the Washington, D.C. region. The Census Bureau estimates last year’s U.S. median household income at $52,250 and California’s at $60,190.

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