Pursuant to the most recent income level data from the State Department of Housing and Community Development, dated December 31, 2021, the median family income (MFI) in Marin County was $149,600. For the five identified household income categories, household income levels for four-person households are defined as follows:
• Extremely Low Income: Households with incomes up to $54,800.
• Very Low Income: Households with incomes between $54,801-$91,350.
• Low Income: Households with incomes between $91,351-$146,350
• Moderate Income: Households with incomes between $146,351-$179,500.
• Above Moderate Income: Households with incomes over $179,501.
Marin continues to be a difficult place to afford to live. Home values rose 17% in the last year to historic highs, with August 2021’s median price at $1.8 million. The average cost for a two-bedroom rental varies by housing type and location, but Marin remains one of the most expensive counties in California to rent a home. According to the 2021 National Low Income Housing Coalition’s “Out of Reach” study, Marin tenants must make $68.33 an hour, or $142,120 annually, to rent a modest two-bedroom home estimated to cost $3,553 a month.
ADUs are a clear path to help meet communities' Housing Element Plans, and if rented at $2500-$3000 month, are a strong investment for homeowners.