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. When seniors move out of their home, it’s in search of someplace less costly, said Jailyn Montero, the Retirement Living spokeswoman.
Comment on Many Florida seniors in financial straits and face losing their housing, study shows
Lisa J. Huriash, South Florida Sun-Sentinel
Tue, 11/26/2024 - 1:17am
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