Miami area spends larger slice of income on housing than nation
Written by Miami Today on October 1, 2019
Household spending on average in the Miami metropolitan area is more than $3,000 below the national average, yet Miami area spending on housing is a far larger percentage of spending than in the nation as a whole, a consumer spending report released this week by the US Bureau of Labor Statistics shows.
Household income for the metropolitan area averages $57,555 per year for the past two calendar years, the report shows, while the national average was $60,580.
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