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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.
Following the enactment of the Puerto Rico Minimum Wage Act (Law 47 of 2021) there will be a yearly increase of the minimum wage from $7.25 to $10.50 per hour by July 1, 2024. Minimum wage increased to $8.50 on January 1, 2022, [329] with subsequent increases for all employees covered by the FLSA as follows: [330] $9.50 on July 1, 2023
That leaves a gap of nearly $8,493 between the typical annual salary and a living wage. Still, Florida is considered one the best states for the middle class. ... 5 Unnecessary Bills You Should ...
Raises minimum wage to $10.00 per hour effective September 30th, 2021. Each September 30th thereafter, minimum wage shall increase by $1.00 per hour until the minimum wage reaches $15.00 per hour on September 30th, 2026. From that point forward, future minimum wage increases shall revert to being adjusted annually for inflation starting ...