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Wage and Rent Comparison by Industry
County Industry HUD 2BR Fair Market Rent # of Workers in 2016 Average Hourly Wage Maximum Affordable Rent (30% of Income)% Income Needed for 2 BR FMR
Palm Beach Accommodation and Food Services $1240 67063 $11.47 $573 65%
Palm Beach Administrative and Waste Services $1240 48623 $22.40 $1120 33%
Palm Beach Agriculture, Forestry, Fishing and Hunting $1240 7445 $17.26 $863 43%
Palm Beach Arts, Entertainment, and Recreation $1240 17616 $17.76 $888 42%
Palm Beach Construction $1240 33508 $25.26 $1263 29%
Palm Beach Durable Goods Manufacturing $1240 13895 $35.42 $1771 21%
Palm Beach Education and Health Services $1240 124742 $25.33 $1266 29%
Palm Beach Educational Services $1240 36765 $23.98 $1199 31%
Palm Beach Finance and Insurance $1240 22413 $56.04 $2802 13%
Palm Beach Financial Activities $1240 38580 $43.62 $2181 17%
Palm Beach Goods-Producing $1240 59920 $26.93 $1346 28%
Palm Beach Health Care and Social Assistance $1240 87977 $25.89 $1294 29%
Palm Beach Information $1240 10131 $35.38 $1769 21%
Palm Beach Leisure and Hospitality $1240 84679 $12.78 $639 58%
Palm Beach Management of Companies and Enterprises $1240 10382 $72.45 $3622 10%
Palm Beach Manufacturing $1240 18899 $33.49 $1675 22%
Palm Beach Mining, Quarrying, and Oil and Gas Extraction $1240 67 $82.81 $4140 9%
Palm Beach Natural Resources and Mining $1240 7513 $17.85 $893 42%
Palm Beach Nondurable Goods Manufacturing $1240 5004 $28.15 $1407 26%
Palm Beach Other Services $1240 24978 $18.49 $924 40%
Palm Beach Professional and Business Services $1240 102109 $34.61 $1730 21%
Palm Beach Professional and Technical Services $1240 43104 $39.26 $1963 19%
Palm Beach Public Administration $1240 25885 $31.32 $1566 24%
Palm Beach Real Estate and Rental and Leasing $1240 16168 $26.40 $1320 28%
Palm Beach Retail Trade $1240 78429 $15.88 $794 47%
Palm Beach Service-Providing $1240 524971 $25.82 $1291 29%
Palm Beach Trade, Transportation, and Utilities $1240 113779 $21.65 $1082 34%
Palm Beach Transportation and Warehousing $1240 12237 $24.81 $1241 30%
Palm Beach Utilities $1240 2529 $66.45 $3322 11%
Palm Beach Wholesale Trade $1240 20585 $36.24 $1812 21%
Notes:  Bureau of Labor Statistics provides average annual wages for industry sectors. Annual wages are converted to hourly wages by dividing by 2000 (assumes 40-hour work week, 50 weeks per year).

Statewide FMRs come from the National Low Income Housing Coalition's Out of Reach report and are averages weighted by the number of renters in each county.
Sources:  Florida Agency for Workforce Innovation, 2016 Quarterly Census of Employment and Wages;
U.S. Department of Housing and Urban Development, 2016 Fair Market Rents ;
National Low Income Housing Coalition, Out of Reach: Florida
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