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Data: Zillow; Note: Assumes rent costs 30% of income; Chart: Axios Visuals

You have to make nearly $110,000 per year to afford the typical monthly rent in the Miami metropolitan area, according to a new report.

Why it matters: That's about 54% higher than what a Miami-area household would have needed to earn five years ago, per the analysis from Zillow.

It's also about $30,000 more than the income needed to afford the typical rent nationwide, Zillow found.

What they did: Zillow assumed that rent should take up no more than 30% of household income — a common standard for calculating affordability.

Zoom in: By that measure, affording the typical Miami area-rent — which came in at $2,749 in April — requires an annual income of $109,962.

That's the seventh-highest income needed among the dozens of U.S. metros analyzed by Zillow.

By the numbers: The median household income in Miami-Dade County was $68,694 in 2023 and $74,534 in Broward — well below what is needed to afford the typical monthly rent, per Zillow's analysis.

Editor's note: This story has been corrected to note  the income needed to afford the typical rent in Miami is about $30,000 (not $10,000) more than the national figure, as shown in the chart.

A $110K salary is needed to afford rent in the Miami area

The income needed to rent in the Miami area has gone up 54% over five years, a Zillow report finds.

A bar graph shows how much income is needed to afford the typical rent in the Miami area

You have to make nearly $110,000 per year to afford the typical monthly rent in the Miami metropolitan area, according to a new report.Why it matters: That&#x27;s about 54% higher than what a Miami-area household would have needed to earn five years ago, per the <a class="gtmContentClick" data-vars-link-text="analysis from Zillow" data-vars-click-url="https://zillow.mediaroom.com/2025-05-12-Number-of-markets-where-renters-need-to-earn-100K-to-afford-rent-has-doubled-since-2020" data-vars-content-id="fd009103-9ace-42f6-86ff-908008324d74" data-vars-headline="A $110K salary is needed to afford rent in the Miami area" data-vars-event-category="story" data-vars-sub-category="story" data-vars-item="in_content_link" href="https://zillow.mediaroom.com/2025-05-12-Number-of-markets-where-renters-need-to-earn-100K-to-afford-rent-has-doubled-since-2020" target="_blank">analysis from Zillow</a>.<ul><li>It&#x27;s also about $30,000 more than the income needed to afford the typical rent nationwide, Zillow found.</li></ul>What they did: Zillow assumed that rent should take up no more than 30% of household income — a <a class="gtmContentClick" data-vars-link-text="common standard" data-vars-click-url="https://www.jchs.harvard.edu/sites/default/files/Harvard_JCHS_Herbert_Hermann_McCue_measuring_housing_affordability.pdf" data-vars-content-id="fd009103-9ace-42f6-86ff-908008324d74" data-vars-headline="A $110K salary is needed to afford rent in the Miami area" data-vars-event-category="story" data-vars-sub-category="story" data-vars-item="in_content_link" href="https://www.jchs.harvard.edu/sites/default/files/Harvard_JCHS_Herbert_Hermann_McCue_measuring_housing_affordability.pdf" target="_blank">common standard</a> for calculating affordability.Zoom in: By that measure, affording the typical Miami area-rent — which came in at $2,749 in April — requires an annual income of $109,962.<ul><li>That&#x27;s the seventh-highest income needed among the dozens of U.S. metros analyzed by Zillow.</li></ul>By the numbers: The median household income in Miami-Dade County was $68,694 in 2023 and $74,534 in Broward — well below what is needed to afford the typical monthly rent, per Zillow&#x27;s analysis.Editor&#x27;s note: This story has been corrected to note  the income needed to afford the typical rent in Miami is about $30,000 (not $10,000) more than the national figure, as shown in the chart.

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