KCBS_740SAN JOSE (KCBS) — Do you know how much it takes to live comfortably in the Bay Area? Over $150,000.

That’s according to think tank Joint Venture Silicon Valley which found in 2015, the number of households with a median of $150,000,  grew by 36,000 in Santa Clara and San Mateo Counties, while the number of households below that shrank by 17,400.

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In the East Bay, rich households grew even more by nearly 38,000, while mid to lower range households dropped by 16,500.

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Joint Venture Silicon Valley CEO Russell Hancock alluded to this during their State of the Valley conference earlier this year.

“High-earning households are actually growing – they’re gaining percentage points. The low end is also growing. So, we’re creating a bifurcated region – a valley of haves, and have-nots. This is a more contemporary problem,” Hancock told KCBS.

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He says the Bay Area is becoming Manhattan West. While some middle income families have moved up, most have been priced out of the area and are moving out.