Many Floridians living paycheck to paycheck, study finds

(Getty Images)

(Getty Images)

With its low incomes and comparatively high cost of living, Florida ranks No. 5 on a list of states whose residents are most likely to live paycheck to paycheck.

Florida trails only Hawaii, California, New York and Alaska on the list compiled by GoBankingRates.com.

“The Sunshine State might not feel so warm to many residents, with a relatively low median household income of $46,140, translating into a median [biweekly] paycheck of only $1,775,” the site says. “Of that, $593 (33 percent) goes to housing.”

More coverage:

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Palm Beach County ranks as nation’s 15th-priciest metro area

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Florida becomes nation’s toughest state for renters

 

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