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

June 9, 2023 by Housing Leadership Council

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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Filed Under: News

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