What is considered low income in San Luis Obispo County?
San Luis Obispo County Income Levels
| Income Group (Percent of Median Income) | 1 Person Household | 3 Person Household |
|---|---|---|
| Extremely Low (30%) | $17,500 | $22,500 |
| Very Low (50%) | $29,150 | $37,450 |
| Low (80%) | $46,600 | $59,900 |
| Median (100%) | $58,250 | $74,900 |
How much do you need to make to live in San Luis Obispo?
Living Wage Calculation for San Luis Obispo County, California
| 1 ADULT | 2 ADULTS (BOTH WORKING) | |
|---|---|---|
| 0 Children | 3 Children | |
| Living Wage | $18.44 | $32.66 |
| Poverty Wage | $6.13 | $7.38 |
| Minimum Wage | $12.00 | $12.00 |
Is San Luis Obispo affordable?
Overall, the San Luis Obispo County area ranked as the 16th least affordable United States metro when including mid-size and large metros in the list as well.
Who qualifies for affordable housing in Denver?
Affordable Homeownership Main Program Requirements
- All employed household members’ income, ages 18 and older, must be within certain income limits to purchase an affordable home.
- The monthly housing payment expense must be no more than 35% (FEHR) of the household’s total income.
What is the definition of moderate income?
Moderate-income: Individual income that is at least 50 percent and less than 80 percent of the area median income, or a median family income that is at least 50 percent and less than 80 percent, in the case of a geography.
Is it expensive to live in San Luis Obispo?
San Luis Obispo cost of living is 163.9
| COST OF LIVING | San Luis Obispo | California |
|---|---|---|
| Grocery | 109.8 | 105.1 |
| Health | 96.4 | 92.4 |
| Housing | 317.3 | 239.1 |
| Median Home Cost | $825,200 | $684,800 |
Is San Luis Obispo cheap to live?
In San Luis Obispo, California, the cost of living is on the high side. However, health care, utilities, and transport are all below the national average to make living in SLO more affordable.
Where is the cheapest place to live in San Luis Obispo County?
With a median home price of $2,197,881 and a median rent of -$666,667,000, Creston is the most affordable city on our list. Based on the growth in home prices in Creston over the last 3 years, it ranks No. 25 among all the cities in San Luis Obispo County.
What is considered low-to-moderate income in California?
Current Income Guidelines
| Persons in Household | 1 | 5 |
|---|---|---|
| Median Income | $74,700 | $115,250 |
| Very-Low Income – Not to exceed | $37,350 | $57,625 |
| Low Income – Not to exceed | $59,760 | $92,200 |
| Moderate Income – Not to exceed | $89,640 | $138,300 |
Why affordable housing in slo?
There is a growing awareness that the need for affordable housing affects everyone – renters, homeowners, business owners and current and future residents of all income levels. The City of San Luis Obispo recognizes its role in promoting a variety of housing types to meet the changing needs, resources and conditions in the community.
Does the city of San Luis Obispo have a waiting list?
The City of San Luis Obispo recognizes its role in promoting a variety of housing types to meet the changing needs, resources and conditions in the community. Please note: the City does NOT maintain waiting lists for Avila Ranch or San Luis Ranch.
What is the city’s housing website?
Welcome to the City’s housing website, an area devoted exclusively to housing issues. There is a growing awareness that the need for affordable housing affects everyone – renters, homeowners, business owners and current and future residents of all income levels.
Where can I find California’s statewide housing assessment through 2025?
The California Department of Housing and Community Development recently released their Statewide Housing Assessment through 2025. Click HERE to the read California’s Housing Future: Challenges and Opportunities!
