According to a recent study by the California Budget Center, San Francisco ranks first in California for economic inequality. The average income of the top 1% of households in the city averages $3.6 million, 44 times the average income of the bottom 99%, which stands at $81,094. The top 1% of the San Francisco peninsula’s share of total income now extends to 30.8% of the region’s income, a dramatic jump from 1989, where it stood at 15.8%.
That is a startling figure.