Florida Residents Have To Work 84.5 hours To Afford One-Bedroom Rent

  • Publicado: January 29th, 2020
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Business.org

 

Florida ranks #48 for average pay in America. At an average salary of $34,560, Florida residents have to work 84.5 hours in order to afford the median one-bedroom rent ($1,404).

 

Salaries, schmalaries

Look, salaries matter. But they’re not all that matters. Because sure, you might earn more in some states—but you’re not getting more for the money.

Methodology

To create our ranking, we calculated how many hours at the median hourly wage it took to afford the median one-bedroom apartment in each state. Median wage data comes from the Bureau of Labor Statistics. Median one-bedroom cost was sourced from Zillow.com. Each data point is from 05/2018.

The takeaway

Unless you’re willing—and can afford—to pay an in-house bookkeeper, we recommend most small businesses outsource at least some of their payroll tasks to a third party. Payroll software providers remove much of the hassle, cost, and risk from managing payroll and free you to do what you’re meant to be doing: growing a successful business.

Check out our full report here: Average Salaries Across the US

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