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How much do you have to earn in Miami to avoid stressing about rent?

The city of Miami is the one that historically hosts the most Cubans, for more than six decades, and although the community has been classified as successful there, the truth is that in recent years the issue of accessibility to a housing rental is quite hard. . Thousands of migrants have had to settle in places far removed from the comfort that anyone could expect in the United States.

Personal finance experts indicate that a family should allocate 30% of their income to pay the monthly rent so as not to compromise the financial stability of the nucleus, but in times of inflation that is practically impossible. The owners also do their thing and raise your monthly payment, from one day to the next, by hundreds of dollars on many occasions.

Due to this, a study A recent study in the US, from Florida Atlantic University and two other educational centers, indicated how much to earn in dollars in Miami and other Florida cities so as not to stress too much with paying rent month after month. The amount in Miami stood out for reaching six annual figures. Tremendous!

How much do I need to earn per month in Miami to pay rent?

The study indicates that in at least 11 cities in the United States, where rents are most expensive, renters must earn a six-figure annual salary to cover the costs of renting the house, without too much stress every month. Miami is among those most expensive cities in the entire country.

The figure indicated to pay the rent in Miami, with comfort, is at least 100 thousand dollars a year to avoid the classification “burdened with rent”. The same situation is observed in other large cities such as New York, San Francisco, Boston, Los Angeles and San Diego.

Florida continues to dominate the list of the most overvalued markets”, indicated the specialists. And they warned that some cities, such as Cape Coral – Fort Myers, also continue to increase in terms of rental prices.

In general, on average, in cities like Miami, it is necessary to earn more than 80,000 dollars a year to avoid stressing about rent, and in less demanding cities in the US, such as Wichita, Kansas, with less than 40,000 dollars. yearly is more than enough.

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