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Tribune News Service
Tribune News Service
Business
Ethan Varian

Bay Area exodus: Median income drops as wealthy residents move out

New census data is shining more light on the Bay Area’s pandemic exodus: The region saw the largest drop in median income of any big U.S. metro area as wealthy people moved away — and current residents of all incomes are more likely to relocate soon than in any other major population center.

Household income in the San Francisco metro area fell 4.6% from 2019 to 2021 to $116,005 a year, according to a census report released this month.

The metro area, which includes San Francisco, Alameda, Contra Costa, San Mateo and Marin counties, still had the highest median income of any large region. Data for the San Jose metro was not included in the report.

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