Start to feel nervous around the first of the month when the landlord comes to collect the rent check? You're probably far from alone in Miami-Dade. It's no secret that rents have started to skyrocket recently — they weren't exactly cheap before — but things have gotten so bad that Miami-Dade is now the fifth least affordable county for renters in the entire country. That basically means that rents are priced insanely high compared to how much Miamians are actually taking home in their paychecks.
It turns out that in Miami the average family spends 45 percent of their yearly income on rent. The old adage is that people should spend no more than a third of their income on housing and utilities.
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