Photo Credit: Alan Light
It’s official – Miami is the most difficult city in the US for renters. Bloomberg’s Businessweek blog released their top 25 toughest cities for renters on Monday, crowning Miami as the winner (or loser, in this case). According to a new report by Harvard University’s Joint Center for Housing Studies, 64.5 percent of Miami renters are paying more than 30 percent of their incomes on rent alone. With the average median income of only $31,900 and the average rent cost at $1,040, that is an enormous chunk …