Florida is among the top 10 states where earning a higher hourly pay is necessary to afford housing, according to a recent research.
Central Florida renter Jhona Nguyen stated, “I thought it was more cheaper without the state tax and everything, but no.”
According to a survey by the National Low Income Housing Coalition, the minimum wage worker in the state is not earning enough money to cover their living expenses.
According to Hannah Haines, a resident of Central Florida who shares a room with a roommate, “you should be able to live on your own off one wage.”
According to the analysis, a tenant in Florida would need to earn almost three times the minimum wage of $12 per hour in order to purchase a two-bedroom apartment.
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“That’s kind of not fair,” Nguyen stated.
“That’s a long time. I don’t work that much a week so I feel bad for the average person that has to go through that to be able to put a roof over their head,” Rick Flerra, a renter in Central Florida, stated.
Aspiring Florida homeowners have an uphill battle, according to a recent Zillow analysis. According to the report, an individual earning the Orlando area median wage would need to save for 17 years in order to afford the average down payment of $192,533 that is required now.
