And more than 4,000 San Jose State students reported being homeless in the past year, according to a California State University system report. Despite his income, he doesn’t feel like he’s there. By definition, upper class is anything beyond $193,301 — although some financial managers say that income level is far from wealthy here. Median Household Income; Percent Change in Inflation-Adjusted Median Household Income (Table) ... Suite 800 San Jose, California 95113 www.jointventure.org info@jointventure.org. “I consider myself well-off, yes, but I just consider myself lucky,” said Callisch. Berkeley campus in Berkeley on Wednesday, Nov. 20, 2019. Nationwide, households making more than $115,300 are considered upper class. Chan, who grew up in New York, considers himself middle class, but with an estimated household income of more than $400,000 once his wife returns to work — the startup she was at shut down last year — he’s actually upper class by common definitions. For a Seattle household headed by a white or Asian person, the median income was about $112,000 in 2019. Median household income in this East Bay ZIP code is less than $27,000 a year. All of those distinctions, from income to education, stem from a single characteristic: the area’s high population of UC Berkeley students. Posted: Feb 22, 2019 / 06:15 PM PST / Updated: Feb 23, 2019 / 01:29 PM PST SAN JOSE (KRON) — As defined by median household income, the middle class in some Bay Area cities is … The high cost Bay Area poses particular challenges for students. GET BREAKING NEWS IN YOUR BROWSER. And the median household income is $26,758, about one-quarter of the median income in the Bay Area. For some, being wealthy means being able to travel. Berkeley campus in Berkeley on Wednesday, Nov. 20, 2019. She works during her summer break and part-time during the school year to cover the cost. For a special offer that includes unlimited access to the series and our websites, click here for The Mercury News or here for the East Bay Times. Berkeley campus in Berkeley on Wednesday, Nov. 20, 2019. But that can be just a few dollars more than middle class, which is defined as anywhere between two-thirds and twice the median household income. Berkeley campus in Berkeley, on Wednesday, Nov. 20, 2019. Those numbers may sound breathtaking to many, but others put the threshold for being wealthy in the Bay Area even higher — $4.2 million in net worth, to be exact, according to a 2017 survey from San Francisco-based investment firm Charles Schwab. Estimates are not comparable to other geographic levels due to methodology differences that may exist between different data sources. program. QuickFacts data are derived from: Population Estimates, American Community Survey, Census of Population and Housing, Current Population Survey, Small Area Health Insurance Estimates, Small Area Income and Poverty Estimates, State and County Housing Unit Estimates, County Business Patterns, Nonemployer Statistics, Economic Census, Survey of Business Owners, Building Permits. Homeless Oaklanders get $2,500 cash to vacate private property, Photos: Mystery writer’s former Marin mansion listed for $4.4 million, Big investors buy several San Jose Lucky, FoodMaxx sites, price tops $130 million, New tower: Hundreds of downtown San Jose homes plus infinity pool. CLICK HERE TO TURN ON NOTIFICATIONS. For others, it’s having enough left over to take care of their children or even grandchildren. The median household income ($69,039) for 95111 is less than the median household income for 95136 ($104,909), 95122 ($73,388), 95125 ($116,708), 95123 ($112,946), 95121 ($102,728), 95138 ($173,286), San Jose ($104,234), and Santa Clara County ($116,178). That’s saving them $6,000 and $7,000, respectively, each year. “Wealth isn’t necessarily a number,” Dietz said. The median age in 94704 is 21.8, compared to the Bay Area’s 38.8. Mica Bellusci, a 19-year-old sophomore majoring in global studies, was paying $1,900 a month for a dorm room she shared with two other students on campus. “I don’t think we have the luxury of not working.”, Feeling strapped on a $400,000 income? “But in the Bay Area, I think we’re just kind of middle class. (Ray Chavez/Bay Area News Group). That’s…, Click to share on Facebook (Opens in new window), Click to share on Twitter (Opens in new window), Feeling strapped on a $400,000 income? But the 94704 ZIP code, which encompasses downtown Berkeley and the neighborhoods between the main UC campus and the Clark Kerr Campus to its southeast, is unique in other ways: Its residents are younger, are among the most highly educated in the Bay Area, and move more often. (Ray Chavez/Bay Area News Group), Pedestrians cross the intersection of College and Durant avenues in the Southside neighborhood of the U.C. “I know that, given our income, we would be considered wealthy in other parts of the nation,” said Chan, a software engineer at Nyansa, a Palo Alto-based networking startup. She’s far from alone. Median annual household incomes in the pricey San Jose and San Francisco metros sit far above most areas: $124,300 and $107,600, respectively, compared to the national median of $63,300 per year. Now that she’s moved off campus, into a shared room in an apartment not far from campus, she pays less than $1,000 a month. Berkeley campus in Berkeley on Wednesday, Nov. 20, 2019. But it’s still not enough according to Steven Jon Kaplan, CEO of True Contrarian Investments LLC. More than 66 percent of this ZIP code’s population holds a bachelor’s degree or postgraduate degree, compared to 47.4 percent in the Bay Area and 32.6 percent in California. Some estimates presented here come from sample data, and thus have sampling errors that may render some apparent differences between geographies statistically indistinguishable. Kaitlyn Bartley is a data reporter for the Bay Area News Group. Previously, she covered the venture capital industry for Venture Capital Journal and local news for the Half Moon Bay Review.