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Miamians Are the Most Rent-Burdened People in America — and They're Stressed About It

Miamians Are the Most Rent-Burdened People in America — and They're Stressed About It

Miami residents are facing significant financial strain, with over 75% reporting difficulty covering household expenses. The area has the highest rate of cost-burdened renters in the U.S., with nearly 60% spending over 30% of their income on housing. Rising rents, driven by an influx of high-income earners, have led to a 21% increase in average two-bedroom rents. Many families are forced to make sacrifices, with some considering relocation due to unaffordability. Experts suggest that building more affordable housing is essential to alleviate the crisis.

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A Bespoke Real Estate Experience

From private listings to strategic negotiations, Kelby Contreras offers an elevated, client-focused approach to luxury real estate in Miami. With a keen eye for detail and a passion for excellence, he ensures that every property search, sale, or investment is handled with precision, discretion, and sophistication.

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