Rent increases are forcing many Florida seniors to move, and they’re among the hardest hit in the country, a new survey suggests.
The new survey from Retirement Living, an Oklahoma-based retirement planning company, used U.S. Census data to show more than 35% of seniors age 65 and older in Florida reported “feeling pressured” to move in the past six months due to rent increases. That’s nearly three times the national rate of 12.3%, it said.
The median rent in Florida is $1,719, well above the national median of $1,406, according to the report.