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Florida Foreclosure News »

[4 Oct 2010 | No Comment | ]

Oct 4, 2010
Household income in south Florida was at its lowest level in eat least three years, according to a U.S. Census report. From 2007 to 2009, the median income dropped by more than ten percent.
South Florida has been worse hit than the rest of the nation which has averaged a drop of 4.1 %.
In Broward County, median household income has dropped from $54,420 in 2007 to $48,844 in 2009.
The poverty rate for families with young children in Broward grew to 12.5 percent. While high, the rate for Florida grew …