A decade of economic progress in the Bay Area has been erased in less than a year, according to a new report released Wednesday by Tipping Point Community, a San Francisco-based anti-poverty nonprofit.

According to the data, analyzed in partnership with the Public Policy Institute of California, 2023 saw the Bay Area’s poverty rate climb over 4 percentage points from 12.2% in early 2023 to 16.3% by the end of the year. In just nine months, an additional 245,000 Bay Area residents fell into poverty.

“This is one of the fastest regional increases in recent history,” said Sam Cobbs, CEO of Tipping Point, during a media briefing Tuesday. “That is the size of Boise, Idaho.”

For much of the past decade, poverty in the Bay Area had steadily declined. From 2011 to 2021, the region’s rate fe

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