Miamians are the most rent-burdened people in America — and they’re stressed about it

Miami residents are facing significant financial strain, with over 75% reporting difficulty covering household expenses. The area has the highest rate of cost-burdened renters in the U.S., with nearly 60% spending over 30% of their income on housing. Rising rents, driven by an influx of high-income earners, have led to a 21% increase in average two-bedroom rents. Many families are forced to make sacrifices, with some considering relocation due to unaffordability. Experts suggest that building more affordable housing is essential to alleviate the crisis.