3 ms·
>LA residents also pay the highest percentage of their income in rent (23.9%) Not according to the Census Bureau and U.S. Department of Housing and Urban Devel
by will_brown 9y ago
>LA residents also pay the highest percentage of their income in rent (23.9%)
Not according to the Census Bureau and U.S. Department of Housing and Urban Development American Housing Survey. That honor is reserved for Miami with an average of 27%, and 1/3 spending 50% of their income on rent.
- twoodfin 9y agoI wonder if there’s some adjustments for demographics going on here. Miami presumably has a larger % of low income retirees than LA.
- will_brown 9y agoWell the numbers are probably even more alarming for millennials (18-34). For example, the national average of millennials living with parents is 31%, but in Miami that number is 44.8%, again the highest nationwide and more disturbing that number was 15% in 2005. And of the millennials who do rent, they spend on average 54% of their income on rent [1]. [1] http://www.miamiherald.com/news/business/real-estate-news/article134594879.html http://www.miamiherald.com/news/business/real-estate-news/ar...