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Front Page » Breaking News » Budget slice for housing is larger in South Florida

Budget slice for housing is larger in South Florida

Written by on November 27, 2018

Area households spend more than the average US household, most significantly on housing. A US Bureau of Labor Statistics study last week found that the average South Florida family spent $59,947 yearly in 2016-17, above the $58,681 US average.

Area residents put 37.7% of spending into housing, well above the US average. The highest percentage of total spending for housing in big cities was 41.2% in San Francisco; low was 31.2% in Detroit…To read the full story click here

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