Orlando is the fifth most populated city in Florida and is located in Orange County. Orlando is often nicknamed "the theme park capital of the world," as it is home to Walt Disney World, Universal Studios,
Seaworld, and numerous other theme parks. As a result, Orlando is also known as the tourist capital of the world, attracting 51
million tourists a year. Orlando is a popular destination for conventions: the Orange County convention center is the second largest
in the world. The Orlando metropolitan area has a $13.4 billion technology industry and employs 53,000 people. Orlando is also home
to the Darden Restaurants headquarters, the largest operator of restaurants in the world by revenue. The University of Central
Florida also resides in Orlando and is the second largest university in the United States. Orlando's top employers are Walt Disney
World, Orange County Public Schools, State of Florida Government, Adventist Health System, Florida Hospital, and Wal-Mart
The median age for residents of Orlando is
32.8. Around 28.5% of Orlando households include school aged children and 16.7% of households include individuals aged 65 years or
over. Census records indicate 57.5% of the Orlando population are White, 28% are Black or African American, .3% American Indian,
3.7% Asian and 3.4% are Two or more Races. Orlando has a significant Hispanic population. 25.3% (60,483) of Orlando residents are
of Hispanic or Latino origin. Of these 7.04% are of Mexican origin, 51.58% Puerto Rican, 7.1% Cuban and 34.25% are of other
Hispanic or Latino origin.
There are 121,254 housing units in Orlando. 18,733 (15.4%) of these were reported as vacant in
the 2010 Census. There are 72,485 residential rental units in Orlando. 62,063 of them were occupied in 2010 providing a
residential rental vacancy rate of 14%.
The median household income in this part of Florida is $44,017.
The bottom 10% of the population earn less than $13,624 per year.
The top 10% earn more than $131,841 per year. The top 1%
earn more than $471,263 per year.
Most renters earn
between $25,344 (20th percentile)
and $46,908 (80th percentile) per year.
The median monthly rent in this part of Florida is $960.
Most renters earn
and $3,909 per month.
They typically spend 34% of their monthly income on rent.
Most rents fall in the $696 (20th percentile)
to $1,307 (80th percentile) range.
The residential vacancy rate is 8%.