WASHINGTON – Dec. 13, 2006 – The Fair Market Rent (FMR) for a two-bedroom
Florida apartment is $850. In order to afford this level of rent and utilities – without paying more than 30 percent of income on housing – a household must earn $2,834 monthly or $34,007 annually. Assuming a 40-hour workweek, 52 weeks per year, this level of income translates into a housing wage of $16.35 per hour, according to the National Low Income Housing Coalition’s (NLIHC) annual Out of Reach report released yesterday.
In
Florida, a minimum wage worker earns an hourly wage of $6.40.
-FAR News -
Posted by Art on 14/12/2006
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