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Miami Least Affordable City

October 20, 2012

If you live here, it’s not exactly a secret.  Miami ain’t cheap!  Some people call it paradise, and paradise comes with a price.  The two biggest consumers of your monthly income?: Cribs and Whips, to use the vernacular.  Housing and Transportation costs consume 72 percent of the income of moderate income households in Miami-the heaviest cost burden of any large U.S. city, according to a study by the Center for Housing Policy.  Combined with the news that housing prices continue to creep up, it makes you wonder if we could do with a little less paradise.

Read Martha Brannigan’s Miami Herald article here:

Presented by Miami Business Attorney

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