8 Easy Ways To Save Money In San Francisco

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When it comes to saving money living in San Francisco, you need to get creative. San Francisco hosts a population over 600,000 people in a 7×7 mile landlocked cracker-jack box. The city has a median home price of $1.1 million and as any San Franciscan can attest, that median $1.1 million is not going to fetch you any mansion either 1. The “political” middle-class divide in San Francisco sets at $80,000-$150,000 a year 2. To be an actual homeowner, that salary must be closer to $220,000. In a posh paradise like San Francisco, the hills really are alive! Everything is truly more expensive around the Bay Area. Here are some easy ways to save money in San Francisco.

Related: “Help Me With Money!” – 4 Practical Budgets For People Bad With Money

First of all, if you are looking for a free budget spreadsheet on Google Docs then feel free to download ours here. It is completely free and we use it ourselves. Read this updated post for more information on how to use AND follow the instructions on the sheet itself.

To track your net worth all in one place, I would highly recommend going with Personal Capital. PC is a free wealth tracker, you link it up and it will let you keep your bank and accounts all in one place.

1. Get Groceries in Chinatown (or Chinese Grocer)

Chinese grocery stores are cheaper. Chinatown grocers usually (the non-touristy part) have great deals on 2nd tier produce.  These grocers cut corners on labor. They also stock less desirable cuts of meat that Westerners do not use or cosmetically imperfect (but just as tasty) produce. The overhead is low and so is the rent as well. You can usually find perishables in a Sunset Supermarket than at Safeway. If you are on a limited income, the mindset of USDA or Organic will not fit your bottom line.

Related: 21 Cheap Pantry Staples List on a Limited Budget

Download the Ibotta app to get free $10 and find discounts that can save $100+.year.

Related: How We Keep Our Food Cost So Low – 6 Months of Receipts Reveals Our Secrets!

Example 1: A carton of eggs at Sunset Super is $1.99. A carton of eggs at Safeway is about $3.99. A pound of apples in Chinatown goes for $.49-$.79 cents versus Safeway where it is commonly $1.99 to $3.99 per pound.

 2. Lose the Car

You are in San Francisco! One of the most walkable cities in America! Public transportation is abundant as well. So it might be very cramped, a bit smelly, and often delayed but it could put a few hundred dollars back into your wallet every month. Cars do more harm than good in San Francisco. There is almost never parking, parking citations are aplenty and the city has crazy high fines to boot. The traffic alone is ridiculous enough to keep you spending at the pump. Gasoline is also more expensive here than the rest of the nation. There are plenty of city buses and MUNIs everywhere. That 10% sales tax added to your bill is helping to pay for those public transit systems so avoid double paying and lose the car.  In the event of an emergency there are bonds of Ubers/Lyfts and Car2Gos available.

Related: 5 Big Reasons Why We Choose to Live Without a Car

3. The “Side Hustle” Mecca

Again, you are in San Francisco! The gig economy was practically born here. This is a city for the go-getters. Look for a side hustle on Gigwalk, Rover, Eat24, AirBnB (as a possible co-host). San Francisco is full of highly paid, highly skilled, sector-specific talents. There is a sizable demand for affordable child care, home care, maid service and pet care services. If you are a part-time independent contractors (1099 misc) not sponsored by an employer 401K then open up an Individualized 401K plan so you can make tax-deferred contributions from your “side hustles.”

Related: Check out my Airbnb series where I’m bringing in over $50K a year on Airbnb.

4. Find a Roommate

This one is quite obvious, rent control and government red tapes have helped make the city unbearably expensive for newcomers in the long run by disturbing the economic basics. The average rental price per month in San Francisco is in the $3000 to $5000 range.  If you can find roommate(s) then that is automatically money in your pocket every month. Think of it this way: you’re not losing privacy, you are gaining $1000-$2000 per month. Invest in curtain room divider, earplugs, and door locks for less than $30 on Amazon. If your landlord is flexible and they can see extra cash on their end, it doesn’t hurt to ask to house hack your way to wealth.

5. Spread South For Lower Rent

No to Marina, no to Nob Hill, no to Forest Hill. Even the Outer Sunset is too expensive. Seek out South San Francisco/San Bruno or the ‘Dog Patch’ aka Industrial District. Daly City is a reasonable alternative as well. Oakland was a wiser choice but it’s becoming expensive as well. If location is a difficult way to hack then different properties such as rented basements or converted garages would be enticing.

6. Start Recycling

Safeway stores pays out a nickel for every can. They’re essentially giving away free nickels at the Safeway on Noriega. Understandably most people are unwilling to collecting bottles for a living but cashing in the bottles you have or can easily find is essentially finding free coins on the street, over and over again.

Related: How We Saved $640 Using a Spare Change Jar

7. Career Change

Maybe waiting tables just isn’t cutting it, even with the tips. There’s no advancement in your job because it is not realistic or rewarding. Expand your skills and take advantage of why you’re in San Francisco. Plenty of 1%ers need their dogs walked and children picked up so expand your horizon to what will fit the need of your environment. Adapt and find a niche that you can grow a  career in that is in demand in a wealthy, duo income, trickle down economy like San Francisco.

Related: 3 Signs When Frugality Isn’t Worth It & What To Do

8. Explore Your City

San Francisco is a tourist city. Trimming down your vacation budget (if any) to explore your own backyard is an amazing idea. Living in San Francisco means you are paying for it so why not have a getaway where you can.

Related: Why You Still Need An Emergency Fund While In Debt

9. Stay Healthy

The biggest offense is playing a strong defensive which means avoiding health issues by living a clean, straight cut life. No smoking, run every day, eat your veggies, avoid alcohol, improve your sleep patterns and be careful performing strenuous activity.

Related: Being Frugal is Easier When You’re Young & Healthy


It’s very important to understand not all of these 8 are created equal. Some in the top 3 (car, house, food) will save you a lot more money than recycling – however! It is keen to note that a dollar SAVED is a lot more than a dollar earned (because of taxes) so don’t blank out on saving when it comes to amounts.

Living in San Francisco is probably one of the greatest privileges of living on the West Coast in general. It will be an amazing time in your life just like it was mine.

For those living or relocating to San Francisco, these 8 money-saving strategies from an ex-San Franciscan that has gone through money rehab might be worth a read. I’ll stop talking now because I feel like if I keep repeating how to save money in San Francisco, it will begin to sound like a joke 😉

Related: 11 Perks of Growing Up Poor (I Can’t Tell If I Sound Crazy…)

That’s a quick rundown of 8 easy ways to save money in San Francisco. Want to add some S.F. saving hacks to the list?

  1. http://www.socketsite.com/archives/2017/04/san-francisco-home-sales-and-median-price-slip-greater-bay-area-gains.html 
  2. http://valleywag.gawker.com/sf-mayor-middle-class-means-earning-80-000-to-150-00-1513372388

4 thoughts on “8 Easy Ways To Save Money In San Francisco”

    • San Francisco is amazing but not ideal for most people to called residence. I lived there for 8 years and although I miss the food, I am glad to be out. It is too dense, everyone is elbow to elbow with each other.

      If you guys go back for leisure, let me know and I can recommend some foodie spots 🙂

  • I have a friend that lives in SF and he is still shell shocked every time we talk about housing. I have a feeling that he’s never going to be able to buy at this rate and I have a hard time imagining that he is going to be willing to stick around for any length of time. I do wonder at what point Silicon Valley employees say enough and encourage employers to find lower cost of living areas.
    Mustard Seed Money recently posted…The One Skill That Will Boost Your Income By 50%

    • It is a vicious circle. The tech talent pools in one area, so all the tech companies and start-ups pool to that area to poach good tech talent. Soon then the talent stays in that area because hey, that’s where the jobs are! That is how you end up with a median home price of 1.1 million and no relief.

      Your friend might be wary about the buzz around S.F. that housing prices have plateau since it’s peak in 2016 (depending on what metrics you use). Honestly, if he wants to stay put for the long haul and love everything the bay has to offer – it doesn’t really matter when he buys but it doesn’t even sound like he wants to stick around. My husband and I didn’t want to stick around, too crowded. We move to Seattle, or what I call, SF Lite.

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