Renters in South Florida spend too much on housing

October 1, 2015 10:24 PM

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One in three South Florida renters spend at least half of their income on housing, making them “severely cost burdened,” according to a study released Thursday.

That makes Miami-Dade, Broward and Palm Beach counties the least affordable housing market in Florida, which itself is the least affordable state for renters in the U.S., the study found.

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