07/02/2022

Here’s how growing income disparity is changing the Bay Area

In the Bay Area, the poor are moving out, the wealthy are moving in and gentrification is picking up steam.

The region had the highest income disparity between newcomers and out-going families of any major metro area in the country between 2010 and 2016, according to a new study by BuildZoom and UC Berkeley.

The rising cost of housing is driving low-income workers out of the Bay Area into cheaper, nearby communities, while higher income workers are migrating in. Researchers say high housing costs have hit minority communities, including black and Hispanic residents, hardest.

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