Overview

• The $1 increase took effect Sept. 30 under Amendment 2, which also raises the tipped base to $10.98 and schedules a final step to $15 on Sept. 30, 2026.
• A minimum-wage employee working 40 hours a week will take home about $2,080 more per year from the new rate.
• United Way of Florida estimates a stable statewide living wage is nearly $17 per hour, indicating the new floor still falls short for many households.
• In greater Miami, HUD estimates a one-bedroom rent near $1,900 after a five-year rise of more than 65%, and MIT pegs a living wage at nearly $25 for a single adult and over $41 for a single parent with one child.
• United Way’s Melissa Nelson warns small pay bumps can trigger a benefits cliff that reduces net support, and economist Chris Jones says employers may respond with automation or higher prices.