Personal income
In 2009, per capita personal income was $37,780, ranking 24th in the nation.[122]
The state was one of the few states to not have a state minimum wage law of its own and was therefore obliged to follow federal minimum wage law. This changed in 2004, when voters passed a constitutional amendment establishing a state minimum wage and (unique among minimum wage laws) mandating that it be adjusted for inflation annually. For 2010, the calculated Florida minimum wage was lower than the Federal rate of $7.25, so the Federal rate controlled.[123]
Florida is one of the seven states that do not impose a personal income tax.
According to a study by Experian, Florida has 4 cities in the top 25 cities in the country with the most credit card debt.[124]
There were 2.4 million Floridians living in poverty in 2008. 18.4% of children 18 and younger were living in poverty.[125] Miami is the sixth poorest big city in the United States.[126]
The state also had the second-highest credit card delinquency rate, with 1.45% of cardholders in the state more than 90 days delinquent on one or more credit cards.[127]
In 2010, over 2.5 million Floridians were on food stamps, up from 1.2 million i
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