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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 ...
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 ...
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.
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.
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.
Florida’s previous $8.56 an hour minimum wage was brought up to $10 in 2021 and will increase by $1 every year on Sept. 30 until it reaches $15 in 2026. Florida was the first state in the South ...
The effective nationwide minimum wage (the wage that the average minimum-wage worker earns) was $11.80 in May 2019; this was the highest it had been since at least 1994, the earliest year for which effective-minimum-wage data are available.
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.