Miami Named Worst City For Renters In The U.S. For The Second Year In A Row
If you feel like you’re spending way too much of your paycheck on your monthly rent, you’re not wrong.
For the second year in a row, South Florida has been named the worst metro area in the U.S. for renters. A new study by the website Apartment List shows that 62.7 percent of renter households in Miami-Dade, Broward and Palm Beach in 2017 were cost-burdened — which means they paid more than 30 percent of their income on rent.
That’s only a tiny improvement from 2016, when 62.8 percent of South Florida households were cost-burdened.
Read more at our news partner, the Miami Herald.