We can’t help it; every time we hear the name ‘San Francisco’ we can’t help but to think of that song! That aside, let’s get down to business. So, if you are moving to San Francisco, forget the flowers in your hair but remember the cash.
San Francisco happens to be one of the most attractive cities for millionaires in the United States. With a metropolitan population of almost 4.5 million, there are over 121,000 millionaire households in the city. That’s a concentration of about 7.5%, if you were wondering. This information tells us that plenty of millionaires move to San Francisco and make it their home!
The number of households with $5 million or more in investable assets is slightly less than other cities, but it is still an impressive 17,376. What do you do if you don’t have more than a million bucks? Can you still move to San Francisco?
You sure can! The median household income is $74,876, which means that plenty of us normal folk also live in the city. However, it’s a good idea to seriously consider your options before relocating to this lovely, laid back city.
San Francisco happens to be one of the most expensive cities in the United States. Though it was once filled with artists, hippies and musicians, it has one of the most brutal housing markets today and some of the highest costs of living nationwide.