Miami Is Facing an Affordability Crisis as Rent-to-Income Is at 33%

Rent pricing in the country is rising four times faster than the average American’s income, according to 2022 data by Real Estate Witch, a service that provides research and insights about the real estate industry.

The report says rent prices in the U.S. increased 149% from 1985 to 2020, while income only grew 35% in the same timeframe.