The rent is just too high for a lot of people living in South Florida. In Miami, many renters spend at least half of their paychecks on housing. And consider this: The median household income for people in the city of Miami is $34,000. The average rent is around $1,800 across apartment sizes. That would cost someone making an average income two-thirds of their paycheck before taxes.
The City of Miami ordered a study about a year ago to help solve its housing affordability crisis, and that plan was released this week by the Jorge M. Perez Metropolitan Center at FIU.