San Francisco, CA variant. This is a San Francisco, CA-specific version of the Rent vs Buy Calculator, using pre-defined local figures (tax rates, median home and income values, and typical regional costs). For the full formula, methodology, and FAQ, open the main Rent vs Buy Calculator.
In San Francisco, renting costs about $3,550/month while owning the $1,335,000 median home runs roughly $7,830/month all-in - the gap drives the rent-vs-buy decision.
Rent vs. buy in San Francisco
Owning includes P&I (≈ $6,750), property tax (≈ $690), and insurance - about $7,830/month before maintenance, versus $3,550 to rent.
Buying wins when you stay long enough to amortize the $267,000 down payment and closing costs, and when appreciation plus equity outpace the rent you'd otherwise pay.
About San Francisco, CA
San Francisco does not levy a personal city income tax on wages, though residents pay California state income tax, among the highest in the nation.
San Francisco is one of the most expensive housing markets in the United States, with very high home prices and rents.
San Francisco's economy is dominated by the technology sector and finance, which drive its exceptionally high cost of living.
Worked example: monthly comparison
Own ≈ $7,830/mo vs. rent $3,550/mo - a $4,280 premium to own. Factor in the $267,000 down payment and expected years in the home.
Quick reference
- Median home value: $1,335,000
- Median rent: $3,550/mo
- Median household income: $136,689
- Local sales tax: 8.625%
- Effective property tax rate: 0.62%
- Cost of living index: 244 (US avg = 100)
Frequently Asked Questions
Is it better to rent or buy in San Francisco?
Owning runs ≈ $7,830/month vs. $3,550 to rent. Buying favors longer stays that recover the $267,000 down payment and closing costs.
What's the median rent in San Francisco?
About $3,550 per month.