rentals

ASSOCIATED PRESS

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.

CHARLIE ORTEGA GUIFARRO / MIAMI HERALD

Miami-Dade County is considering loosening restrictions on short-term rental companies even as hundreds of home hotels operate within its limits illegally.

Miami Herald

If you feel like you’re spending way too much of your paycheck on your monthly rent, you’re not wrong.