50 Counties in Florida Where Residents Spend Most of Their Paycheck on Housing

  • Date: 31-Jul-2021
  • Source: Newsweek
  • Sector:Real Estate
  • Country:Gulf
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50 Counties in Florida Where Residents Spend Most of Their Paycheck on Housing

It's no secret that many Americans are forgoing homeownership in favor of renting. In 2020, renters in the U.S. occupied 43 million housing units.

The Stacker team looked at data from a United States Census survey that revealed an estimated 43,378,800 renter-occupied homes in the United States as of 2017, which makes up 36.1 percent of all households in the country. In 2019, renting was more affordable than buying a median-priced home in 59 percent of the counties; in 2021, the opposite was true: Owning was more affordable than renting in 63 percent of U.S. counties.

Stacker compiled a list of counties in Florida where people spend the highest percent of income on rent using data from the U.S. Census Bureau. Of course, saving money by owning a home is unattainable for many Americans who don't have savings that could cover a down payment, those who are denied a mortgage, or both. Keep reading to see where in Florida most of people's take-home pay goes to their monthly rent.