April 23, 2014
Housing
High Cost of Housing
Housing costs are rising far faster than income, creating an alarming affordability crisis in America, reports the Center for Housing Policy in its study "Paycheck to Paycheck: Wages and the Cost of Housing in America." Housing costs in southeast Florida:
| Market | 2005 Median Home Price | 1-Bedroom Rent | ||
| Fort Lauderdale | $210,000 | $830/Month | ||
| West Palm Beach | $245,000 | $761/Month | ||
| Miami | $225,000 | $775/Month | ||
Source: Center for Housing Policy |
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For more information: nhc.org/housing
Also on FloridaTrend.com
