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REPORTS

Florida's Workforce and State of Working Florida

Living Wage and Minimum Wage

Community Benefits from Development

Florida's Economy
*new report*

Reports on Other Topics

Household Cost Burden: Percentage of Income Spent on Housing by Household Type, Florida 2002
Florida Households Cost Burdened* in Housing Costs
Number of Households % of All Households Number of Households % of All Households
All Households 6,588,092 1,848,316 28.06%
Renter Households 1,960,824 29.76% 821,258 41.88%
Owner Households 4,627,268 70.24% 1,027,058 22.20%
Low-Income** Households (varies by area, but on avg., $41,947 or less income) 2,569,478 39.00% 1,408,832 54.83%
Extremely Low-Income*** Households (varies by area, but on avg., $15,730 or less income) 708,459 10.75% 496,600 70.10%

* Cost Burdened is defined as a household that spends 30% or more of their income on housing costs

**Low income is reported household income equal to 80% or less of the Area Median Income (AMI).

AMI is median family income calculated annually by the Department of Housing and Urban Development (HUD) for Metropolitan Statistical Areas, counties or non-metropolitan areas, with adjustments for family size and for areas that have unusually high or low income to housing cost relationships. AMI is used to determine eligibility for federally and locally funded programs. In the state of Florida in 2002 the average AMI was $52,434 per year. Eighty percent of $52,434 is $41,947 per year.

***Extremely low income is reported household income less than or equal to 30% of the Area Median Income, which in 2002 would average $15,730 per year in the state of Florida.

Source: Authors’ analysis of Florida Housing Data Clearinghouse (FHDC) data estimates found at http://www.flhousingdata.shimberg.ufl.edu/index.html