Miami is the Most Expensive

Americans Spend 26% of their Income on Rent

Date:

Autor: Funds Society, Miami

  1. Among the 50 largest U.S. metros, coastal areas topped August's list of least affordable rental markets, with rents accounting for the highest shares of household incomes in Miami (46.5%), Los Angeles (40.7%) and San Diego (37.1%)
  2. "Rents are significantly higher than in previous years and are taking up a substantial portion of incomes, which are growing at a slower pace than inflation," said Realtor Chief Economist Danielle Hale