Renters in South Florida and California need six-figure salaries to afford housing, study shows.
TL;DR Summary
A new study conducted by researchers at Florida Atlantic University, Florida Gulf Coast University and University of Alabama revealed that renters in South Florida need to make over $100,000 in order to rent comfortably in the tri-county area. The average household would need to make at least a yearly income of $112,183 to afford the typical rent in South Florida. South Florida is one of the most cost-burdened places to rent, ranking eighth in the country.
- South Florida renters need six figures to make ends meet South Florida Sun Sentinel
- California has few people living alone, many renters Los Angeles Times
- To rent in these cities and have enough money left over, make $100,000: report MarketWatch
- FAU study: Average renter in Miami needs $100,000 salary WPTV News Channel 5 West Palm
- Miami ranks among cities requiring six-figure salaries to avoid rent-burden, FAU study finds WSVN 7News | Miami News, Weather, Sports | Fort Lauderdale
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