Apartments.com is showing me right now that there are 10,253 apartments available for Orlando.
Amazingly I see more stories of people being priced out then that of a extremely high demand. As per Rents.com 51% of apartment rent prices are over $2,100. And when you have an per capita income in past 12 months (in 2021 dollars), 2017-2021 (Census.gov) that alone shows that there is a major issue.
Disney, is by far the biggest employer in the area, and if you have someone working there 40 hours a week at an average of 18.37 per hour (Payscale.com), once you account for taxes and such, they are making $2,376 per month. Now when you account $200/mo for grocery, $91 per month for minimum coverage for their car, 127.37 for their cellphone bill, $150/mo in gasoline for their car, before rent they are already spending $568.37 a month.
And when you have an average rent in the area for a studio apartment in, which the average rent is $1,894. They are already in the negative of around 86.37 because of after their other monthly costs, they only have $1,807.63 left in their paycheck.
Now lets take that math and scale it to an entire year for a studio apartment with the per capita income. The per captia income was already defined at $36,596 before taxes. With taxes, they get approximately $29,610 in take home every year after taxes. Their yearly charges for Food, Gas, Auto Insurance, and Cellphone are $6,820.44. Their yearly rent is $22,728. $29,548.44 is their overall expensive and they amazingly get away with a net gain of $61.56.
So... want to tell me again how with 10,253 apartments available, we have such a high demand for rentals when calculated at the per captia income, that someone only makes in a studio apartment a net gain, if they are lucky and don't have to do any additional spending a whopping net gain of $61.56.