California’s tech Mecca saw largest drop in median income during pandemic as the wealthy fled cities

By Anders Hagstrom

FOXBusiness

San Francisco saw the single largest drop in median income of any major city in the country during the COVID-19 pandemic as wealthy tech workers fled the city in droves, according to census data.

The U.S. Census Bureau compiled data on the nation’s top 25 most populous metropolitan areas from 2019 to 2021 to help determine the impact of the pandemic. Median household income for the area of San Francisco, Berkeley and Oakland fell 4.6% from $121,551 in 2019 to $116,005 in 2021. New York City followed closely, however, with a drop of 4.2%.

Click the link below to read the rest of this story

https://www.foxbusiness.com/economy/californias-tech-mecca-saw-largest-drop-median-income-during-pandemic-wealthy-fled-cities

Click here to get more news from the Bulldog

On the go, but don’t want to miss any Bulldog news? Go to the App Store and downloads apps for Bulldog Reports and The Bulldog Show to your Apple and Android mobile devices. It’s free!