 [Daily Mail, where America gets its news] - Miami is now the least affordable place to live in the United States, new real estate data shows
- Average rents in the city now rival those in New York and San Francisco after soaring to nearly $3,000 a month this year
- The mass exodus has spurred landlords in the Sunshine State to hike rents
- The increase, rental experts say, stems from the mass migration of Big Apple and Silicon Valley tech workers to Florida during the pandemic
- However, as transplants continue to take advantage of the recent remote work boom and takeover South Florida wages have yet to catch up, statistics reveal
- A shocking bout of inflation, coupled with lingering effects left by the pandemic, has further limited locals' ability to keep up with rapidly rising rent costs
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[Daily Mail, where America gets its news]