RERI Reports

Issue Brief: Housing Cost Burden for Florida Renters

April 28, 2023  / RERI Research Team  / Tags: Issue Brief, Reports, Regional Economic Indicators

Issue Brief: Housing Cost Burden for Florida Renters

Rising rental costs have been an ongoing concern for many families across the nation. Population growth has fueled this surge in Florida, with the population in the Sunshine State growing by 1.9 percent between 2021 and 2022. The increased demand for housing has placed upward pressure on rental prices in the state, and has increased the share of total income that households have had to dedicate towards housing costs. This burden comes with significant consequences for renters, including (but not limited to) reduced disposable incomes, higher levels of debt, and greater economic inequality.

In this issue brief, we use American Community Survey microdata to analyze how housing cost burdens for Florida renters have changed since the start of the Covid-19 pandemic.

Main findings from the issue brief include:

  • Florida had the highest housing cost burden for renters in 2021, measured at 57 percent.
  • The demographic groups that saw the largest percentage point increase in housing cost burdens were the Black, non-Hispanic population, households with a head householder between 45 and 54 years old, and those who were either a single parent or married with no children.
  • Renting households in the computer, engineering, and science occupations or production occupations experienced the largest percentage point increase between 2019 and 2021.

Download the latest Issue Brief for more information.


Issue Brief: Housing Cost Burden for Florida Renters

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