This is paywalled so I can’t speak to the article or findings but mostly I think this is complete bullshit. Miami is heavily populated with retirees and immigrants whose incomes skew the data low. It’s also full of mega luxury housing bought by investors & foregners which skews that side high.
The EconomistAs a share of income, Miamians now pay more for housing than residents of any other big American city, including San Francisco and New York. Those who cannot afford these costs are leaving. Discover the full story. Register to read for free