San Francisco's AI boom is pricing out six-figure tech workers who can't find rent under $5,000

San Francisco's AI boom is driving up housing costs so rapidly that even couples earning $365,000 annually struggle to find apartments under $5,000 rent. With median rent at $3,827 and average home prices at $1.7 million, the expected IPOs of OpenAI and Anthropic threaten to worsen affordability for those not benefiting from the AI industry.

San Francisco's AI boom is driving up the cost of living so fast that even couples earning $365,000 a year can't find an affordable apartment. Median rent sits at $3,827, and homes cost $1.7 million on average. The expected IPOs of OpenAI and Anthropic could make things even worse for those not profiting from the AI boom. The article San Francisco's AI boom is pricing out six-figure tech workers who can't find rent under $5,000 https://the-decoder.com/san-franciscos-ai-boom-is-pricing-out-six-figure-tech-workers-who-cant-find-rent-under-5000/ appeared first on The Decoder https://the-decoder.com .