Beginning in the 1970s, public policy favored industry deregulation and discouraged unionization on expectations growth would accelerate and all groups would benefit, according to Price. Cities have struggled with the double-edged sword of tech-company-driven prosperity and inequality, Daryl Fairweather, chief economist for property-brokerage Redfin Corp., said in an annual market forecast. The US average is 7.3%. Use Forbes logos and quotes in your marketing. "Tech companies and local governments will continue to go head to head," he said. 12 in last year’s index comparing the gap between households in the top 5 percent versus those in the middle 20 percent or third quintile. Best Places for Business and Careers 2019, San Francisco-Redwood City-South San Francisco, CA, San Francisco is the nation's leading tech-hub and a popular international tourist destination. And Ryan Chetiyawardana (of Lyaness fame) won big again, taking home the Best New American Cocktail Bar award. San Francisco: Median household income $96,265, middle-class income range $64,177 to $192,530. All Rights Reserved. To access the full data set on the Bloomberg terminal, click HERE. This is how they plan to spend it. San Francisco is a city located in California.With a 2020 population of 896,047, it is the 4th largest city in California (after , , and ) and the 16th largest city in the United States. Ouch, right? "What growth we have seen has been highly unequally distributed, and you can look at that across all states.". These are the happiest cities to work in right now, according to CareerBliss. Oakland: Median household income $63,251, middle-class income range $42,167 to $126,502. ... Household Income Growth. Compared to the median income of $55,221 in 2000 this represents an increase of 50.2%. Boise also benefited less from international migration, with only one international mover for every 14 domestic ones, the lowest ratio among large metro areas. Updated: Is Tesla Veering From Its 'No Discount' Policy? On a national scale, the income gap within the middle class rose by $12,800 to $85,200. 5.San Francisco, CA, No one wants to talk tax when holiday festivities are in full swing. The Happiest Cities To Work In Right Now Weve all been told its important to find work you love, but its also essential to find a city youre fond of. Future job growth over the next ten years is predicted to be 37.3%, which is higher than the US average of 33.5%. On a national scale, the income gap within the middle class rose by $12,800 to $85,200. Have a confidential tip for our reporters? All Rights Reserved. The richest-to-middle class gap widened in all but one of the 100 largest U.S. metro areas measured. The five-bedroom home offers more than 7,000 square feet of living space, including a huge backyard. As the sixth largest metropolitan market in the United States, San Francisco offers future opportunities in areas such as retail trade, service industries, and restaurants. The bottom quintile of households in 37 of the largest metro areas -- including Detroit and Chattanooga, Tennessee -- were below the poverty threshold. For additional data:Super Rich vs. Middle Class GapRich vs. Poor GapMiddle-Class Income Span, U.S. income gap between top 5% and middle 20% grew by $118,000, Boise City, Idaho, and Knoxville, Tennessee, have robust gaps. In the same year, San Francisco proper had a GDP of $183.2 billion, and a GDP per capita of $207,371. Equity/Income Growth Fund Xiv is a California Domestic Limited Partnership filed on July 1, 1984. Before it's here, it's on the Bloomberg Terminal. In San Francisco and San Jose, income grew six percentage points faster for the middle-class than that of the top brass but the picture is more disheartening in Boise City -- as the top group’s income grew nearly 50 percent from 2012 to 2017, far outpaced the increase experienced by those in the middle. No wonder Marc Benioff, Jack Dorsey, George Soros, Don and Doris Fisher and Tom Steyer snatched up homes when they could. Pacific Cocktail Haven is a first-time winner at the 2020 Spirited Awards. Bloomberg’s third categorization of the data looked at income disparity within the middle class by measuring the gap between households in the 30th versus 80th percentile by region. San Jose and San Francisco were again at the top but switched spots from last year.