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The current minimum wage in Florida is $12 an hour, so the tipped minimum wage is $8.98. Both will go up a dollar each until they reach $15 an hour for non-tipped employees and $11.98 for tipped ...
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.
Minimum wage laws receive less support from economists than from the general public. Despite decades of experience and economic research, debates about the costs and benefits of minimum wages continue today. [19] Various groups have great ideological, political, financial, and emotional investments in issues surrounding minimum wage laws.
Daytona Beach. Total population: 73,329 Total households: 32,216 Livability: 76 Median household income: $47,608 January 2024 home value: $287,437 Average mortgage ...