In the strangest of places

From an article in the paper: "Last year, the California Budget Project calculated the earnings which a two-worker family with two children must earn in the Bay Area to be middle class - that is, to make enough money to provide a safe home and "make ends meet without help from public programs." The magic number: $77,076 - less if the family does not have to buy its own health care or pay for child care."

Is that crazy? Am I crazy to think that the magic number should be even higher in The City proper, since our housing costs are 1/3 higher than the Bay Area as a whole?