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.
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
Topics: jailyn montero rents rising related articles as south florida s nowhere harvard joint center housing studies in broward mayor nan rich state ralph stone broward county s housing finance division we social security seniors cities la cabaña timothy wheat la cabana cypress household pulse survey bureau nationally lisa j huriash twitter lisahuriash living u.s census florida montero retirement broward broward county broward in news south florida s florida seniors county boulevard gardens fort lauderdale miramar pinnacle americans study shows affordable older report move home data project country called build age reported relocate median high units
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