$80,000 a Year Considered ‘Low Income’ in Orange County: California State Report
The California Department of Housing and Community Development released its annual income limit report this week, which showed that the cost of living has increased in most counties.
The calculations, which are created using federal guidelines, are used to determine residents’ eligibility for things like affordable housing programs and other social welfare and government entitlements.
According to the report, a single person living in Orange County, California, making less than $80,000 a year is considered low-income.
The amount—which increased by $4,000 since last year—makes the county the most expensive to live in out of all of Southern California.
The average median single-household income in Orange County is just under $130,000 per year, according to the report, while a “moderate” single person’s income is considered around $107,000 per year….