Though home prices and cost of living in San Francisco is high, residents of the area enjoy pleasant local weather nearly year-round, along with A+ amenities and great employment and school options.
The median home price in San Francisco over the past year has remained relatively flat. According to information from Zillow, while the median home value is still very high at nearly $1.4 million, the last twelve months has only seen a change of 0.1% increase. The one-year forecast shows this changing, but only slightly, with a forecast change of a 0.7% increase expected.
San Francisco’s median rent price is $4,312, which is higher than the larger San Francisco-Oakland-Hayward Metro of $3,354.
In 2018, San Francisco had the 7th-highest income in the US, averaging $130,696. Along with high living and income, the area (along with San Jose and Oakland) shares the country’s 3rd-largest economy, with a GDP of $1.03 trillion as of 2018. In 2019, San Francisco became the 12th in the world, and 2nd in the US, on the Global Financial Centers Index.
San Francisco is well known for its rich and varied arts and culture scene. Among other local options, the city is home to five world-class museums, each with different collections. The San Francisco Museum of Art features works by 20th-century artists. The deYoung Museum in Golden Gate Park is home to a collection of Pacific Island, African, and American works. Also found in Golden Gate Park is the California Academy of Sciences, with a tropical rainforest building, aquarium, and planetarium. The California Palace of the Legion of Honor is located in Lincoln Park, and has both fine sculpture and pottery. Finally, the Asian Art Museum, which was designed by Gae Aulenti, who worked on the Musee d’Orsay in Paris, is home to works over 6,000 years old.