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Of Florida's top 10 metropolitan areas, Miami ranked top with 36percentt of renters considered "cost burdened".
According to federal guidelines, "Families who pay more than 30percentt of their income for housing are considered cost burdened and may have difficulty affording necessities such as food, clothing, transportation and medical care".
The share of renters earning $30,000 to $45,000 who were cost burdened jumped from 37percentt in 2001 to 50percentt in 2016, and the share earning $45,000 to $75,000 nearly doubled from 12 to 23percentthethe study found.
Nearly half of renters fit the federal definition of "cost burdened," which means they spend at least 30percentt of their income on housing and "may have difficulty affording necessities such as food, clothing, transportation, and medical care," according to a 2017 report by the Harvard Joint Center for Housing Studies.
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