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In 2023, the Massachusetts Institute of Technology's (MIT) living wage calculator found that the living wage in Florida is $17.72 for one adult with no children, $35.98 for an adult with one child ...
In 2024, the Massachusetts Institute of Technology's (MIT) living wage calculator found that the living wage in Florida is $22.43 for one adult with no children, $37.27 for an adult with one child ...
The living wage estimate for a single person with no children living in Florida is $22.43. For reference, the poverty wage is $7.24 and Florida’s minimum wage is $12.
Cost of a basic but decent life for a family [1] [2]. A living wage is defined as the minimum income necessary for a worker to meet their basic needs. [3] This is not the same as a subsistence wage, which refers to a biological minimum, or a solidarity wage, which refers to a minimum wage tracking labor productivity.
The federal minimum wage applies in states with no state minimum wage or a minimum wage lower than the federal rate (column titled "No state MW or state MW is lower than $7.25."). Some of the state rates below are higher than the rate on the main table above. That is because the main table does not use the rate for cities or regions.
Financial life may be especially tough on those at the lower income end of the spectrum, particularly those living on minimum wage. As of Sept. 30, 2024, the minimum wage in Florida is $13 per hour.
On November 3, 2020, 61% of Florida voters passed Amendment 2, which raises the minimum wage to $10.00 per hour effective September 30, 2021, and then increases it annually by $1.00 per hour until the minimum wage reaches $15.00 per hour in 2026 and then reverts to being adjusted annually for inflation.
According to the National Low Income Housing Coalition, someone making minimum wage in Florida needs to work nearly 100 hours a week to afford rent.