Santa Clara County faces a dramatic housing affordability crisis, as the cost of living has surged by 90% for apartments against a 75% increase in median income over the last decade. A family needs $125,280 annually to afford a two-bedroom apartment, but 32.1% of households earn less than $100,000, thus struggling with housing costs. Experts urge local policymakers to raise minimum wage and reform zoning laws to improve affordable housing availability, thus addressing the widening wealth gap in the region.
It doesn't have to be this way, we have solutions, and it just takes our city council to act and the people to be knowledgeable and to communicate that to our city council.
While its median income has gone up nearly 75% over the past 10 years, the price of a two-bedroom apartment has risen about 90% during the same period.
Collection
[
|
...
]