85 Hour Work Week Required to Afford Studio Apartments in Orlando on Minimum Wage
According to the National Low Income Housing Coalition's Out of Reach report, a worker in the Orlando-Kissimmee-Sanford area making minimum wage ($8.46/hour) would have to work 85 hours per week to afford a studio apartment at the fair market rate of $841/month.
The annual income needed to afford a studio in this area is $37,280.
Rent that is affordable to a minimum wage worker in this area is $440 according to the report.
The following number of hours per week would have to be worked in order to afford the following housing options on minimum wage:
One bedroom - 91 hours
Two bedroom - 108 hours
Three bedroom - 143 hours
Four bedroom - 171 hours
Read the full report HERE.