Trulia: Retirees are better off buying than renting in Miami

The benefits of buying instead of renting are strong in South Florida communities
  • For retirees, Miami is currently 48.7 percent cheaper to buy than rent and ranks as eighth cheapest metro in the country.
  • Miami, Fort Lauderdale and West Palm Beach all ranked in the top 10 in the report.

It’s no secret that Miami’s warm weather, cultural cuisines and beautiful beaches make it a great place to hang up the hat for many retirees. If those reasons aren’t attractive enough for retired home buyers, Trulia’s most recent rent vs. buy report makes the decision even easier.