Oh, hey, South Florida. Good news! We're number one in being the least affordable place to live in the 25 largest metro areas for moderate income households. Woo hoo!
According to a new study from the Washington-based Center for Housing Policy and the Chicago-based Center for Neighborhood Technology, South Florida households that make between $25,444 and $50,888 per year are spending almost three-fourths of their income
just for a roof over their heads, and a car.
Housing and transportation costs are so clusterfucked with local incomes, they swallow up a huge part of the household budget.
This is mainly due to South Florida incomes not keeping up with inflation.
Bottom line: we're all earning a lot less than what we can afford. And we're not talking gold-plated yachts and buckets of caviar here. We're talking every day needs like a place to live and car to get to our jobs and schools.