Miami Takes the Crown of Housing Hell
Imagine opening your paycheck and watching over 37% of it vanish into thin air—that’s reality for Miami renters today. While Miami being at the top of this list may surprise you, Florida’s lower median incomes contribute to its lack of affordable housing. Here, the average person spends over 37 percent of their income on housing, which is in line with New York, which is a city with less housing inventory and higher demand than Miami. The sun-soaked beaches and vibrant nightlife come with a price tag that’s crushing dreams faster than you can say “bienvenido.” While rent increases have slowed down a bit compared to previous years, the…..