BACK
Report: South Florida residents need to make between $29.04 to $33.54 an hour to comfortably afford rent
wsvn.com

Report: South Florida residents need to make between $29.04 to $33.54 an hour to comfortably afford rent

MIAMI (WSVN) - An annual report on home rentals has revealed the ideal hourly wage needed to comfortably rent a two-bedroom apartment in each state...

Social & Lifestyle

MIAMI (WSVN) - An annual report on home rentals has revealed the ideal hourly wage needed to comfortably rent a two-bedroom apartment in each state in the country.

The 2021 Out of Reach report published by the National Low Income Housing Coalition shows how much a person would need to make per hour, working full-time, in order to afford a two-bedroom apartment without spending more than 30 percent of their income.

Overall, it is recommended that a Florida resident make $24.82 an hour for a yearly salary of $51,619 in order to comfortably afford a two-bedroom home. The report calculates the fair market price of a two-bedroom home at $1,290.