Here’s how much first-time homebuyers need to earn to afford a home in Florida

In Florida, first-time homebuyers face steep financial requirements to afford a median-priced home, with necessary annual earnings ranging from $97,559 in Jacksonville to $129,686 in Miami. A study by Clever Real Estate highlights the significant income gaps in major Florida cities, where local median incomes fall short by up to $58,917 of what is needed to afford a home. High interest rates and rising home prices nationwide exacerbate the affordability crisis, making homeownership increasingly difficult for many Americans.