Middle-class Bay Area residents saw their incomes rise between 2014 and 2015. But when it comes to poverty, the region showed less progress, according to U.S. Census Bureau figures released Thursday.
While the median income for households in the nine-county Bay Area averaged about $85,600 -- a 3 percent increase from 2014 -- the number of residents living in poverty essentially stagnated at just over 10 percent during that year.
"Poverty is a large issue in the Bay Area that is often overshadowed by the fact that the economy in general is doing so well," said economist Jon Haveman, co-author of a 2015 poverty report by Joint Venture Silicon Valley.
"Simply because median incomes are increasing that doesn’t mean that we are making a great deal of progress in terms of poverty," he said.
In the aftermath of the Great Recession, the number of people living in poverty in the Bay Area rose from 9 percent in 2007 to 11.7 percent in 2011, but then began a downward trend, according to an analysis by Stanford's Center on Poverty and Inequality.