A new report from ConsumerAffairs reveals that South Florida is home to three of the 10 most "house poor" cities in America, with Hialeah ranking as the city with the highest housing burden nationally.
The term "house poor" applies to homeowners who spend significantly more than the commonly recommended 28% of their salary on housing costs. The concentration of severely cost-burdened homeowners in the metro region — Miami–Fort Lauderdale–Pompano Beach — paints a stark financial picture for thousands of local families.
According to the research released Thursday, Hialeah tops the ranks of house-poor cities, with homeowners spending an average of 36.9% of their income on housing. For the typical Hialeah homeowner, who earns around $71,385 annually, this translates to spending more than