A new year means similar results for South Florida renters, who continue to be the most cost-burdened in the country.
Note: This group includes Miami, Fort Lauderdale, and West Palm Beach.
The cost-burdened included 90 percent of individuals earning under $35,000 a year and 71 percent of those earning between $35,000 and 50,000.
Here it is broken down by income:
The solution: Perhaps there’s a need for less luxury condos and more affordable rental buildings?
- Heavy Housing Burden [Abodo]