WEST PALM BEACH, Fla. — A new study released this month reveals the high hourly wage needed to afford rent in Florida.
According to a report from the National Low Income Housing Coalition, Florida ranks 10th highest in the nation for the hourly wage renters need to afford a two-bedroom apartment at $37.93.
In West Palm Beach, that figure is even higher, with renters needing $43.35 an hour.
"Even workers with the nation's most common occupations struggle to afford modestly priced housing," the report stated.
According to Apartments.com, the average rent for a two-bedroom apartment is $2,427 – $2,606 per month, and overall rents in the area run about 29% higher than the national average.
Are you feeling the squeeze? Share your thoughts on the WPTV Facebook page.
