Median-income Florida households need 17 months longer to save for home down payment than a decade ago
A new study by Smart Asset found that it now takes the median-income household earner in Florida 17 months longer to save up for a down payment in 2026 than in 2016. For Floridians who earn a minimum wage of $14 an hour, it takes nearly 26 years to save up for a down payment on a home. Florida ranked No. 25 on the list.
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