As the housing market in South Florida boomed during the COVID-19 pandemic, the cost of housing and the gap in renters' wages increased with it.
That means if someone works a minimum-wage job in Florida, they have to work 93 hours a week to afford the average one-bedroom rental home at fair market rent, according to the National Income Housing Coalition.
Matthew Rieger president and CEO of Housing Trust Group (HTG). Courtesy photo
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Melea VanOstrand
Melea VanOstrand oversees the Daily Business Review as ALM's Florida Bureau Chief. Email Melea at [email protected] or follow her on her Twitter or Facebook pages.
