South Florida Is Too Expensive For College Grads.


For college graduates Miami might just be the least-affordable city for recent college grads.

Using data from the U.S. Census Bureau, college graduates earn a annual wage of $34,020 in the Miami area. That's nearly $16,000 less than the national average of $50,000.

Miami ranked dead last in terms of affordability for young degree holders.

San Jose, California ranked highest in terms of wage, earning about $72,000 annually and more easily able to afford to make a life there. St. Louis and Kansas City, ranked second and third, respectively, on the list.

So, Miami may be a fun place to come on college spring break, but less to find an affordable studio apartment close to your first full-time job.

The rising cost of living is a very real issue for Miami-Dade residents, but the existing of residents appears to be slowing.

Southeast Florida is still on track to lose more current residents than it gained, but it's down to 24,000 residents last year, compared with a loss of 39,000 in 2019 and 47,000 in 2018.

Miami is now the nation’s third-most-popular destination for those moving amid the pandemic, trailing only Phoenix and Tampa and New York.

The area overall population grew thanks largely to international immigrants and births, but that was replaced by an influx of COVID and tax weary urbanites from New York, Chicago and California.

The qualify-of-life factors attract new residents, as weather, restaurants, and cultural activities also appear to be keeping locals.

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