San Ramon Makes Top 50 List For Financially Stable Families – Patch
SAN RAMON, CA — It’s getting a little easier to make ends meet in several Bay Area communities, a recent study found, largely based on income growth.
Finance website GOBankingRates recently analyzed household incomes, cost of living and other economic factors across the country, charting 50 cities where families struggle less to balance their budgets and avoid going into debt.
Researchers took several factors into account, including income growth over three years, the percentage of households earning at least $200,000 and average expenses for essentials like housing, food and transportation.
Among the 50 U.S. cities that made the list, more than 40 percent were located in the Bay Area.
Here’s what researchers found in San Ramon:
- 2019 mean household income: $186,911
- 2022 mean household income: $224,236
- Monthly non-rent expenditures: $3,286.05
- Average monthly rent: $2,943.00
- Income needed: $149,497.16
“The data suggests that there are still cities where families can secure a comfortable middle-class lifestyle for themselves,” GOBankingRates said. “It may require leaving behind the most expensive metro areas, but the cities on this list represent places where families are keeping their financial stability.”
>> Check out the full list of California cities that made the list.
