Articles May 16, 2022

Here’s What It Costs to Live in Central Florida

United Way breaks down monthly costs

ORLANDO, Fla. – A family of four needed to make roughly $93,000 a year to afford to live in Central Florida in 2021, according to the latest numbers from Heart of Florida United Way.

The group on Monday released a “Central Florida Survival Budget” as part of its annual ALICE report, which details what working families dealt with pre-pandemic. ALICE stands for Asset Limited, Income Constrained and Employed individuals.

So, it’s essentially a fancy acronym for the families that we have right here in Central Florida who don’t exactly meet that level of poverty but still can’t make ends meet, said Nancy Alvarez, senior vice president of community relations and equity impact at HFUW.

These are families where both parents are working full-time jobs, sometimes even two jobs, but they still don’t make enough to meet the basic needs in their home, Alvarez added.

The report found that 39% of families in Central Florida made more than the federal poverty line, but not enough or barely enough, to make ends meet in 2021.

See the full report here.

Excerpted from ClickOrlando News
Reporter: Carolina Cardona

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