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California's Bay Area—home to nine counties, from Alameda to San Francisco—has always been an enclave of diversity, both in terms of ethnicity and cost of living. But thanks to Silicon Valley, median household income has skyrocketed to $153,057—about five times more than families who live below the poverty line, which clocks in at about $24,300.
Consider what this does to the cost of rent and other everyday expenses.
One in 10 Bay Area families (about 788,000 people in all) live below the poverty line.
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