If you’re going to San Francisco, be sure to have some extra change to spare.
Thanks to skyrocketing home prices, and an increasingly competitive rental market, that’s the new message for anyone who is thinking about moving to the City by the Bay.
Just how expensive has San Fran gotten?
Try SmartAsset’s free home affordability calculator.
Well, according to the Council for Community and Economic Research, the total cost of living in San Francisco is 62.6% higher than the U.S. average—and housing is nearly three times more expensive than in other U.S. cities.
Below, we’ll take an in-depth look at all the data on living expenses in San Francisco to find out who exactly can afford to live there.