The Housing Wage is a familiar figure to housing advocates. Every year for more than 20 years, the National Low Income Housing Coalition has released the Out of Reach report on the Housing Wage: the wage one must earn in order to afford a modest rental home in communities across the country. Advocates can use this information to show Members of Congress, state legislators, and local elected officials the great need for affordable housing and its impact on the daily lives of their constituents.
Out of Reach 2017 Fact Sheet (PDF)
Handout with several different infographics and details from the report.
In order to afford a modest, two-bedroom apartment at Fair Market Rent in Florida, renters need to earn $20.68 per hour. This is Florida’s 2017 Housing Wage, which was revealed in the National Low Income Housing Coalition’s Out of Reach 2017 report released on June 8.
For millions of low wage working Americans, paying the rent means sacrificing other basic needs, because their wages remain inadequate to afford housing prices. The Out of Reach 2017 report reveals that in no single jurisdiction in Florida or the United States can a minimum wage worker afford the Fair Market Rent for homes in their communities. This is one reason why it is imperative that the Florida Legislature use Florida’s housing trust fund monies solely for housing.
Working at the minimum wage in Florida, a family must have 2.6 wage earners working full-time, or one full-time earner working 99 hours per week, to afford a modest two-bedroom apartment. In Florida, the Fair Market Rent (FMR) for a two-bedroom apartment is $1,075. In order to afford this level of rent and utilities — without paying more than 30% of income on housing — a household must earn $3,584 monthly or $43,007 annually.
“Florida has the nation’s third-highest homeless population, including veterans and families with children. More than 950,000 low income hardworking families, elders and disabled Floridians living on fixed incomes pay more than 50 percent of their incomes for housing,” said Jaimie Ross, president of the Florida Housing Coalition. “Florida’s housing crisis is real; we have a dedicated revenue source to address this crisis.”
Read the entire Out of Reach 2017 report and view the Florida specific data from the Report below: