What Is The Racial Makeup Of Orlando Florida?

White 35%, Hispanic 34% and Black 24.5% is the racial makeup of Orlando Florida. Mixed or people of two or more races make up much of the local population. You will see a wide variety of people at major outdoor events which are frequented by local residents.

Orlando Florida

Median Household Income Of Orlando Residents

The median household income of Orlando residents is around $59,000. The average household income of Orlando residents is $88,000. Why? When some people make an unusually high amount the average household income will not reflect what most people in the city are actually making. Most Orlando residents have a median household income under $60,000 and still live relatively happily.

Orlando Demographics Median Income & The Poverty Line

As of today there are 46,000+ people living below the poverty line. That number is decreasing year over year but fairly slowly. Florida does have a minimum wage of $12 per hour and it increases $1 per year until it reaches $15. With current inflation I suspect that it may increase longer than scheduled.

Owner Occupied Homes & The Total Population Of Orlando Residents

Economic growth, Walt Disney World Resort, Universal Studios Florida all skew the follow detail. It is also a precarious economic influence. That is the ration of owner occupied properties vs rentals properties. Although the unemployment rate in Florida and Orlando is fairly good many cannot currently afford to own a home. Even for a Central Florida theme park Capital the owner occupied ratio of homes is precariously low. Where will that lead? I suggest if you purchase a rental property to purchase one in a community which allows both short term leasing and long term.