TAMPA, Fla. (WFLA) — A new study from WalletHub exhibits that a few of Florida’s cities are among the many most costly within the nation for renters.
The examine calculated what proportion of their revenue individuals spend on lease in additional than 180 cities throughout the U.S.
In among the least costly cities, like Sioux Falls, South Dakota and Cheyenne, Wyoming, individuals on common solely spend round 16% of their revenue on lease.
In dearer cities, renters are spending double that, nearer to 30% of their revenue.
In accordance with this examine, renters in Miami are spending extra of their revenue on lease than these in some other metropolis within the U.S., as much as 33% of their annual family revenue.
That places Miami on the very backside of the listing, with Orlando not far forward. Renters there have barely higher situations, with the typical particular person spending round 28% of their revenue on lease.
Many Florida cities hover round 26-27%, together with Port St. Lucie, Cape Coral, Tallahassee, Fort Lauderdale and Tampa. That is about the identical as what renters might count on in New York Metropolis.
Out of Florida’s main cities, Jacksonville is the place you’ll be able to hope to spend the least proportion of your revenue on lease, round 24.6%.
Even in large cities like Seattle, San Francisco and Chicago, renters are solely spending round 20-22% of their revenue on lease.
Jacksonville was ranked 121 out of the 182 cities surveyed, and no Florida cities broke into the highest 100.
