You don't have to tell me about the cost of housing in California! I just now looked up the house my family moved to when I was 12. My parents paid $55,000 for it and sold it in 1978 when my father was transferred to New Jersey. I just looked it up on Zillow. It's estimated value is $1.9 million! It has just three bedrooms and three bathrooms.Bob78164 wrote:I think they're using one of the tables (I don't know which one) from this page. The figure isn't the official poverty measurement because it's adjusted to account for local cost of living. California's cost of housing is extremely high, and that's what fuels our position by that adjusted measure. --Bobsilverscreenselect wrote:Well, I'm not sure where they got that information, because I went to the source, the US Census Bureau statistics and they tell a different story.BackInTex wrote:
According to the Census Bureau, the 3 year average poverty level in the US 2015-17 was 12.8% and for 2016-17, it was 12.5%. (They don't list figures for just 2017.)
California was above the national average at 13.4%/13.2%, but it was below Texas at 14.0/13.6%. As you might guess, states like Alabama and Mississippi were significantly higher.
https://www.census.gov/data/tables/2018 ... 0-263.html
The 1409 sqft house in Sunnyvale I sold for $105,000 in 1979 is estimated at $2.4 million! :shock