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*new report*

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Florida

In Florida, the Fair Market Rent (FMR) for a two-bedroom apartment is $850 . In order to afford this level of rent and utilities, without paying more than 30% of income on housing, a household must earn $2,834 monthly or $34,007 annually. Assuming a 40-hour work week, 52 weeks per year, this level of income translates into a Housing Wage of $16.35.

In Florida, a minimum wage worker earns an hourly wage of $6.40. In order to afford the FMR for a two-bedroom apartment, a minimum wage earner must work 102 hours per week, 52 weeks per year. Or, a household must include 2.6 minimum wage earner(s) working 40 hours per week year-round in order to make the two bedroom FMR affordable.

In Florida, the estimated mean (average) wage for a renter is $11.94 an hour. In order to afford the FMR for a two-bedroom apartment at this wage, a renter must work 55 hours per week, 52 weeks per year. Or, working 40 hours per week year-round, a household must include 1.4 worker(s) earning the mean renter wage in order to make the two-bedroom FMR affordable.

Monthly Supplemental Security Income (SSI) payments for an individual are $603 in Florida. If SSI represents an individual's sole source of income, $181 in monthly rent is affordable, while the FMR for a one-bedroom is $715 .
A unit is considered affordable if it costs no more than 30% of the renter's income.
This report was prepared by the National Low Income Housing Coalition.
For an explanation of these data, see How to use the Numbers / Where the Numbers Come From.
Download this table in Microsoft Excel.
Florida
Number of Households (2000)
Total 6,337,929
Renter 1,896,218
% Renter 30%
2006 Area Median Income¹
Annual $56,131
Monthly $4,678
30% of AMI² $16,839
Maximum Affordable³ Monthly Housing Cost by % of Family AMI
30% $421
50% $702
80% $1,123
100% $1,403
2007 Fair Market Rent (FMR)⁴
Zero-Bedroom $638
One-Bedroom $715
Two-Bedroom $850
Three-Bedroom $1,116
Four-Bedroom $1,288
% Change from 2000 Base Rent to 2007 FMR
Zero-Bedroom 26%
One-Bedroom 26%
Two-Bedroom 26%
Three-Bedroom 26%
Four-Bedroom 26%
Annual Income Needed to Afford FMR
Zero-Bedroom $25,539
One-Bedroom $28,616
Two-Bedroom $34,007
Three-Bedroom $44,626
Four-Bedroom $51,504
Percent of Family AMI Needed to Afford FMR
Zero-Bedroom 45%
One-Bedroom 51%
Two-Bedroom 61%
Three-Bedroom 80%
Four-Bedroom 92%
2006 Renter Household Income
Estimated Median⁵ $32,245
Percent Needed to Afford 2 BR FMR 105%
Rent Affordable at Median $806
% Renters Unable to Afford 2 BR FMR⁶ 53%
2005 Renter Wage
Estimated Mean Renter Wage⁷ $11.94
Rent Affordable at Mean Wage $621
2006 Minimum Wage
Minimum Wage $6.40
Rent Affordable at Minimum Wage $333
2006 Supplemental Security Income
Monthly SSI Payment $603
Rent Affordable at SSI $181
Housing Wage
Zero-Bedroom $12.28
One-Bedroom $13.76
Two-Bedroom $16.35
Three-Bedroom $21.45
Four-Bedroom $24.76
Housing Wage as % of Minimum Wage
Zero-Bedroom 192%
One-Bedroom 215%
Two-Bedroom 255%
Three-Bedroom 335%
Four-Bedroom 387%
Housing Wage as % of Mean Renter Wage
Zero-Bedroom 103%
One-Bedroom 115%
Two-Bedroom 137%
Three-Bedroom 180%
Four-Bedroom 207%
Work Hours/Week at Minimum Wage Needed to Afford FMR
Zero-Bedroom 77
One-Bedroom 86
Two-Bedroom 102
Three-Bedroom 134
Four-Bedroom 155
Work Hours/Week at Mean Renter Wage Needed to Afford FMR
Zero-Bedroom 41
One-Bedroom 46
Two-Bedroom 55
Three-Bedroom 72
Four-Bedroom 83
Full-time Jobs at Minimum Wage Needed to Afford FMR
Zero-Bedroom 1.9
One-Bedroom 2.1
Two-Bedroom 2.6
Three-Bedroom 3.4
Four-Bedroom 3.9
Full-time Jobs at Mean Renter Wage Needed to Afford FMR
Zero-Bedroom 1
One-Bedroom 1.2
Two-Bedroom 1.4
Three-Bedroom 1.8
Four-Bedroom 2.1
Florida
Florida
Number of Households (2000)
Total 6,337,929
Renter 1,896,218
% Renter 30%
2006 Area Median Income¹
Annual $56,131
Monthly $4,678
30% of AMI² $16,839
Maximum Affordable³ Monthly Housing Cost by % of Family AMI
30% $421
50% $702
80% $1,123
100% $1,403
2007 Fair Market Rent (FMR)⁴
Zero-Bedroom $638
One-Bedroom $715
Two-Bedroom $850
Three-Bedroom $1,116
Four-Bedroom $1,288
% Change from 2000 Base Rent to 2007 FMR
Zero-Bedroom 26%
One-Bedroom 26%
Two-Bedroom 26%
Three-Bedroom 26%
Four-Bedroom 26%
Annual Income Needed to Afford FMR
Zero-Bedroom $25,539
One-Bedroom $28,616
Two-Bedroom $34,007
Three-Bedroom $44,626
Four-Bedroom $51,504
Percent of Family AMI Needed to Afford FMR
Zero-Bedroom 45%
One-Bedroom 51%
Two-Bedroom 61%
Three-Bedroom 80%
Four-Bedroom 92%
2006 Renter Household Income
Estimated Median⁵ $32,245
Percent Needed to Afford 2 BR FMR 105%
Rent Affordable at Median $806
% Renters Unable to Afford 2 BR FMR⁶ 53%
2005 Renter Wage
Estimated Mean Renter Wage⁷ $11.94
Rent Affordable at Mean Wage $621
2006 Minimum Wage
Minimum Wage $6.40
Rent Affordable at Minimum Wage $333
2006 Supplemental Security Income
Monthly SSI Payment $603
Rent Affordable at SSI $181
Housing Wage
Zero-Bedroom $12.28
One-Bedroom $13.76
Two-Bedroom $16.35
Three-Bedroom $21.45
Four-Bedroom $24.76
Housing Wage as % of Minimum Wage
Zero-Bedroom 192%
One-Bedroom 215%
Two-Bedroom 255%
Three-Bedroom 335%
Four-Bedroom 387%
Housing Wage as % of Mean Renter Wage
Zero-Bedroom 103%
One-Bedroom 115%
Two-Bedroom 137%
Three-Bedroom 180%
Four-Bedroom 207%
Work Hours/Week at Minimum Wage Needed to Afford FMR
Zero-Bedroom 77
One-Bedroom 86
Two-Bedroom 102
Three-Bedroom 134
Four-Bedroom 155
Work Hours/Week at Mean Renter Wage Needed to Afford FMR
Zero-Bedroom 41
One-Bedroom 46
Two-Bedroom 55
Three-Bedroom 72
Four-Bedroom 83
Full-time Jobs at Minimum Wage Needed to Afford FMR
Zero-Bedroom 1.9
One-Bedroom 2.1
Two-Bedroom 2.6
Three-Bedroom 3.4
Four-Bedroom 3.9
Full-time Jobs at Mean Renter Wage Needed to Afford FMR
Zero-Bedroom 1
One-Bedroom 1.2
Two-Bedroom 1.4
Three-Bedroom 1.8
Four-Bedroom 2.1

C H A R T F O O T N O T E S
1. HUD, 2006.
2. Annual income of 30% of AMI or less is the federal standard for Extremely Low Income households. Does not include HUD-specific adjustments.
3. "Affordable" rents represent the generally accepted standard of spending not more than 30% of income on housing costs.
4. HUD, 2006; final as of October 1.
5. Census 2000 median renter household income, adjusted to a 2006 value using HUD's income adjustment factor.
6. Estimated by comparing the percent of renter median household income required to afford the two-bedroom FMR to the percent distribution of renter household income as a percent of the median within the state, as measured using 2005 American Community Survey Public Use Microdata Sample. States are the most local level for which these data are available.
7. Estimated mean renter wage is based on BLS data and adjusted using the ratio of renter to total household income reported in Census 2000.
* 50th percentile FMR (See Appendix B).
† BLS Quarterly Census of Employment and Wages Data Unavailable (See Appendix A).
For a listing of towns within FMR areas in New England States, see Appendix C.