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| © 2024 NATIONAL LOW INCOME HOUSING COALITION
FACTS ABOUT
FLORIDA:
STATE FACTS
Minimum Wage
$12.00
Average Renter Wage
$22.63
2-Bedroom Housing Wage
$35.24
Number of Renter Households
2,767,517
Percent Renters
33%
MOST EXPENSIVE AREASHOUSING WAGE
Miami-Miami Beach-Kendall HMFA
$44.69
West Palm Beach-Boca Raton HMFA
$42.81
Monroe County
$41.13
Fort Lauderdale HMFA
$40.42
Orlando-Kissimmee-Sanford MSA
$35.71
MSA = Metropolitan Statistical Area: HMFA = HUD Metro FMR Area. * Ranked from Highest to Lowest 2-Bedroom Housing Wage. Includes District of Columbia and Puerto Rico.
FLORIDA #10
*
117
Work Hours Per Week At
Minimum Wage
To Afford a
2-Bedroom Rental Home
(at FMR)
98
Work Hours Per Week At
Minimum Wage
To Afford a
1-Bedroom Rental Home
(at FMR)
2.9
Number of Full-Time Jobs At
Minimum Wage
To Afford a
2-Bedroom Rental Home
(at FMR)
2.4
Number of Full-Time Jobs At
Minimum Wage
To Afford a
1-Bedroom Rental Home
(at FMR)
In
Florida
, the Fair Market Rent (FMR) for a two-bedroom apartment is
$1,833
. In order to afford this level of rent and utilities — without paying more than 30% of income on housing — a household must earn
$6,109
monthly or
$73,308
annually. Assuming a 40-hour work week, 52 weeks per year, this level of income translates into an hourly Housing Wage of:
$35.24
PER HOUR
STATE HOUSING WAGE
$1,525$1,833$2,236$1,177$671$624$283
Rent affordable to SSI recipientRent affordable with full-time job paying minimum wageRent affordable at 30% of AMIRent affordable with full-time job paying mean renter wageRent affordable at areamedian income (AMI)One bedroom FMR Two bedroom FMR
Full-time jobs at meanrenter wageneeded toafford2 BR FMR
RENTERSAREA MEDIANINCOME (AMI)HOUSING COSTSFY24 HOUSINGWAGE
Renterhouseholds
(2018-2021)
% of totalhouseholds
(2018-2021)
2 BRFMRAnnualincomeneeded toafford 2BR FMR30%of AMIMontly rentaffordableat 30%of AMI Monthlyrentaffordableat meanrenter wage Full-time jobs atminimumwage to afford2BR FMR³Hourly wagenecessary to afford2 BR¹ FMR²AnnualAMI Monthly rentaffordableat AMIEstimatedhourlymeanrenterwage
(2024)
FL-2
OUT OF REACH 2024
NATIONAL LOW INCOME HOUSING COALITION
FLORIDA
$22.53$507$1,171$46,85728%$16.461.91.4$856
Combined Nonmetro Areas$67,643$20,29369,557$1,691$35.24$671Florida$2,236$1,833$73,30833%$22.631.6$1,1772,767,5172.9$89,422$26,827
Metropolitan Areas
$20.40Baker County HMFA$86,500$649$2,163$1,061$42,44020%
$25,950$12.781.71.6$6651,818
$32.25Cape Coral-Fort Myers MSA$88,800$666$2,220$1,677$67,08027%$26,640$20.472.71.6$1,06583,206
$29.35Crestview-Fort Walton Beach-Destin HMFA$95,700$718$2,393$1,526$61,04033%$28,710$20.202.41.5$1,05127,303
$27.17Deltona-Daytona Beach-Ormond Beach HMF$82,800$621$2,070$1,413$56,52028%$24,840$17.732.31.5$92264,889
$40.42Fort Lauderdale HMFA$89,100$668$2,228$2,102$84,08037%$26,730$25.313.41.6$1,316275,842
$26.87Gainesville HMFA$96,700$725$2,418$1,397$55,88044%$29,010$17.132.21.6$89150,559
$21.46Homosassa Springs MSA$66,500$499$1,663$1,116$44,64015%$19,950$16.011.81.3$8329,890
$30.85Jacksonville HMFA$98,100$736$2,453$1,604$64,16034%$29,430$22.662.61.4$1,179211,016
$24.04Lakeland-Winter Haven MSA$76,400$573$1,910$1,250$50,00030%$22,920$19.962.01.2$1,03879,810
$17.40Levy County HMFA$64,700$485$1,618$905$36,20020%$19,410$11.231.51.5$5843,636
$44.69Miami-Miami Beach-Kendall HMFA$79,400$596$1,985$2,324$92,96048%$23,820$26.833.71.7$1,395458,539
$34.27Naples-Immokalee-Marco Island MSA$104,300$782$2,608$1,782$71,28025%$31,290$20.722.91.7$1,07739,406
$34.90North Port-Sarasota-Bradenton MSA$97,000$728$2,425$1,815$72,60025%$29,100$21.682.91.6$1,12788,452
$24.35Ocala MSA$73,700$553$1,843$1,266$50,64024%$22,110$18.232.01.3$94836,475
$35.71Orlando-Kissimmee-Sanford MSA$90,400$678$2,260$1,857$74,28037%$27,120$22.103.01.6$1,149351,799
$27.58Palm Bay-Melbourne-Titusville MSA$99,700$748$2,493$1,434$57,36023%$29,910$21.782.31.3$1,13357,547
$28.17Palm Coast HMFA$88,700$665$2,218$1,465$58,60021%$26,610$17.172.31.6$8939,869
$29.29Panama City MSA$85,900$644$2,148$1,523$60,92031%$25,770$19.142.41.5$99523,470
5: Affordable rents represent the generally accepted standard of spending not more than 30% of gross income on gross housin1: BR = Bedroom 3: This calculation uses the higher of the county, state, or federal minimum wage, where applicable. 4: AMI = Fiscal Year 2024 Area Median Income 2: FMR = Fiscal Year 2024 Fair Market Rent.
Full-time jobs at meanrenter wageneeded toafford2 BR FMR
RENTERSAREA MEDIANINCOME (AMI)HOUSING COSTSFY24 HOUSINGWAGE
Renterhouseholds
(2018-2021)
% of totalhouseholds
(2018-2021)
2 BRFMRAnnualincomeneeded toafford 2BR FMR30%of AMIMontly rentaffordableat 30%of AMI Monthlyrentaffordableat meanrenter wage Full-time jobs atminimumwage to afford2BR FMR³Hourly wagenecessary to afford2 BR¹ FMR²AnnualAMI Monthly rentaffordableat AMIEstimatedhourlymeanrenterwage
(2024)
FL-3
OUT OF REACH 2024
NATIONAL LOW INCOME HOUSING COALITION
FLORIDA
Counties
$26.87 Alachua County49,371$96,700$725$2,418$1,397$55,88045%$29,010$17.242.21.6$896
$20.40Baker County1,818$86,500$649$2,163$1,061$42,44020%$25,950$12.781.71.6$665
$29.29Bay County23,470$85,900$644$2,148$1,523$60,92031%$25,770$19.142.41.5$995
$17.40Bradford County2,899$76,200$572$1,905$905$36,20032%$22,860$16.131.51.1$839
$27.58Brevard County57,547$99,700$748$2,493$1,434$57,36023%$29,910$21.782.31.3$1,133
$40.42Broward County275,842$89,100$668$2,228$2,102$84,08037%$26,730$25.313.41.6$1,316
$17.40Calhoun County1,042$69,800$524$1,745$905$36,20023%$20,940$10.011.51.7$520
$26.54Charlotte County14,884$77,900$584$1,948$1,380$55,20018%$23,370$14.722.21.8$766
$21.46Citrus County9,890$66,500$499$1,663$1,116$44,64015%$19,950$16.011.81.3$832
$30.85Clay County18,664$98,100$736$2,453$1,604$64,16023%$29,430$16.282.61.9$847
$34.27Collier County39,406$104,300$782$2,608$1,782$71,28025%$31,290$20.722.91.7$1,077
$24.58Pensacola-Ferry Pass-Brent MSA$92,200$692$2,305$1,278$51,12031%$27,660$19.182.01.3$99761,692
$30.25Port St. Lucie MSA$87,800$659$2,195$1,573$62,92022%$26,340$17.502.51.7$91042,040
$26.54Punta Gorda MSA$77,900$584$1,948$1,380$55,20018%$23,370$14.722.21.8$76614,884
$28.12Sebastian-Vero Beach MSA$82,800$621$2,070$1,462$58,48020%$24,840$16.432.31.7$85413,031
$21.48Sebring MSA$70,600$530$1,765$1,117$44,68022%$21,180$14.221.81.5$7399,659
$25.75Tallahassee HMFA$88,700$665$2,218$1,339$53,56045%$26,610$16.922.11.5$88062,398
$35.60Tampa-St. Petersburg-Clearwater MSA$92,000$690$2,300$1,851$74,04033%$27,600$23.333.01.5$1,213423,600
$24.04The Villages MSA$88,300$662$2,208$1,250$50,00013%$26,490$16.092.01.5$8378,257
$22.62Wakulla County HMFA$89,600$672$2,240$1,176$47,04019%$26,880$12.521.91.8$6512,245
$22.90Walton County HMFA$96,700$725$2,418$1,191$47,64022%$29,010$20.061.91.1$1,0437,009
$42.81West Palm Beach-Boca Raton HMFA$104,000$780$2,600$2,226$89,04030%$31,200$26.153.61.6$1,360179,619
5: Affordable rents represent the generally accepted standard of spending not more than 30% of gross income on gross housin1: BR = Bedroom 3: This calculation uses the higher of the county, state, or federal minimum wage, where applicable. 4: AMI = Fiscal Year 2024 Area Median Income 2: FMR = Fiscal Year 2024 Fair Market Rent.
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