diff --git a/docs/release-notes/version-3.1.md b/docs/release-notes/version-3.1.md
index fa2a1fd4a..2cc3536b3 100644
--- a/docs/release-notes/version-3.1.md
+++ b/docs/release-notes/version-3.1.md
@@ -16,6 +16,7 @@
 * [#8077](https://github.com/netbox-community/netbox/issues/8077) - Fix exception when attaching image to location, circuit, or power panel
 * [#8078](https://github.com/netbox-community/netbox/issues/8078) - Add missing wireless models to `lsmodels()` in `nbshell`
 * [#8079](https://github.com/netbox-community/netbox/issues/8079) - Fix validation of LLDP neighbors when connected device has an asset tag
+* [#8088](https://github.com/netbox-community/netbox/issues/8088) - Improve legibility of text in labels with light-colored backgrounds
 
 ---
 
diff --git a/netbox/utilities/templatetags/helpers.py b/netbox/utilities/templatetags/helpers.py
index 267bf7115..db9c40fc5 100644
--- a/netbox/utilities/templatetags/helpers.py
+++ b/netbox/utilities/templatetags/helpers.py
@@ -233,7 +233,7 @@ def fgcolor(value):
     value = value.lower().strip('#')
     if not re.match('^[0-9a-f]{6}$', value):
         return ''
-    return '#{}'.format(foreground_color(value))
+    return f'#{foreground_color(value)}'
 
 
 @register.filter()
diff --git a/netbox/utilities/utils.py b/netbox/utilities/utils.py
index 203c12b3f..f12bc2569 100644
--- a/netbox/utilities/utils.py
+++ b/netbox/utilities/utils.py
@@ -53,9 +53,10 @@ def foreground_color(bg_color, dark='000000', light='ffffff'):
     :param dark: RBG color code for dark text
     :param light: RBG color code for light text
     """
+    THRESHOLD = 150
     bg_color = bg_color.strip('#')
     r, g, b = [int(bg_color[c:c + 2], 16) for c in (0, 2, 4)]
-    if r * 0.299 + g * 0.587 + b * 0.114 > 186:
+    if r * 0.299 + g * 0.587 + b * 0.114 > THRESHOLD:
         return dark
     else:
         return light