You are exactly right. This is how I have calculated it since I took MicroEconomics as a Freshman.
P.S. Union Journeyman Welder, Bay Area median salary is $26 ~ $36.82 =
$52,000 to $72,400.
"The median household income in the Bay Area was $128,151 in 2022, according to the U.S. Census Bureau. This represents a slight decrease from $132,586 in 2019. "
So.. 56% of median household income? If him, and his gf worked, then they would collectively make 112% of median household income.
P.S. Union Journeyman Welder, Bay Area median salary is $26 ~ $36.82 = $52,000 to $72,400.
"The median household income in the Bay Area was $128,151 in 2022, according to the U.S. Census Bureau. This represents a slight decrease from $132,586 in 2019. " So.. 56% of median household income? If him, and his gf worked, then they would collectively make 112% of median household income.