The largest share of high-income renters in the U.S. is reserved for San Francisco, where 31% of renter households earn over $150,000 annually . In fact, the only other renter demographic that holds a larger share is that of San Franciscans who make less than $50,000 per year (33.9%).
San Francisco is home to more wealthy renters than homeowners , with the 71,400 top-earning renter households outnumbering the 62,400 high-income owners. The number of wealthy owner-occupied households went from 40,100 in 2007 to 62,400 in 2017. That translates into a respectable 56% increase, but it pales in comparison to the 240% increase experienced by wealthy renter-occupied households (from 21,000 in 2007 to 71,400 in 2017).