Housing Leadership Council

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Here’s how much money you need to afford the average rent in South Florida

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By Amber Bonefont | South Florida Sun Sentinel

Renters in South Florida need to make over $100,000 in order to rent comfortably in the tri-county area, according to a new study.

In order to avoid paying more than 30% of their income toward rent, the average household would need to make at least a yearly income of $112,183 to afford the typical rent in South Florida, the study conducted by researchers at Florida Atlantic University, Florida Gulf Coast University and University of Alabama revealed.

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Florida rent increases top of the nation with no quick fix in sight

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By: Kimberly Miller | Palm Beach Post

Crushing rent increases put eight Florida regions, including Palm Beach County, into the top 10 nationwide for priciest hikes since last year, leaving Sunshine State residents and businesses in a housing bind with no quick fixes.

An April review by Florida Atlantic University of 107 major real estate markets lists Fort Myers as having the top rental cost surge at 32.4% compared with the same time in 2021. Southeast Florida — Palm Beach, Broward and Miami-Dade counties — was a close runner up with a 31.7% increase.

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‘There’s no more room in Florida’ says mom who blames high prices on newcomers.

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By: Kimberly Miller | Palm Beach Post

Young adults and low-wage workers aren’t the only ones suffering from soaring rents as middle-age and middle-income Floridians also face downsizing homes and lifestyles that they spent, in some cases, decades attaining. READ ARTICLE

Photo by Thomas Cordy | Palm Beach Post

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