A new report released by HowMuch.net suggests that the Miami metro area is one of the most unaffordable in the nation in terms of housing options.
According to the report, the Magic City ranked second among U.S. cities where people struggle to pay their rent or mortgage.
According to the data, 46 percent of Miami-area residents pay more than 30 percent of their income for housing.
Experts say spending more than 30 percent of income is when housing becomes a burden.
South Florida blew away other Florida cities in the report, with the Tampa-area coming closest with 34 percent of residents struggling to pay their rent or mortgage
Los Angeles ranked highest on the list with 47 percent of residents overreaching on housing.
- Los Angeles, CA: 46.7%
- Miami, FL: 45.7%
- San Diego, CA: 43.2%
- New York, NY: 43%
- San Bernardino, CA: 42.9%
- Fresno, CA: 41.2%
- Ventura, CA: 40.4%
- Honolulu, HI: 40.3%
- Bridgeport, CT: 38.9%
- Bakersfield, CA: 38.8%