Redwood City homes in San Mateo County.

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Bay Area Is Home To Most 'Out-Of-Reach' Housing, Study Says

Carrie Hodousek
June 20, 2019 - 1:11 pm

Counties around the Bay Area dominate the annual "Out of Reach" report, which compiles the most expensive places to live in the U.S. 

Marin, San Francisco and San Mateo counties tied as the places where workers needed to earn the most to afford rent for a two-bedroom apartment or home. In those expensive locales, a worker needs to make $60.96 per hour to pay fair market rent, which is more than $3,100, according to the National Low Income Housing Coalition's report. 

Santa Clara, Santa Cruz, Alameda, and Contra Costa counties occupy the next four spots on the nationwide list.

"Until such time the economy slows down and job growth, particularly in the tech center, slows down, we're going to see these pressures," said John Asdourian, a real-estate broker in San Francisco. 

Southern California is represented at spots eight and ten with San Diego and Orange counties respectively. The only place outside of California on the list is Honolulu County in Hawaii at ninth.