The median income in South Florida is $49,528. Homeowners pay 20.4 percent of their income on a monthly mortgage payment, and renters spend 43.9 percent.

Zillow breaks down how incomes and affordability match up in South Florida.

Miami-Fort Lauderdale metro highlights:

  • The median income is $49,528.
  • 20.4 percent of income is spent on a monthly mortgage payment, and 43.9 percent is spent on rent.
  • A 20 percent down payment on a median-valued home in Miami-Fort Lauderdale would require a potential buyer to have saved $44,680.
  • The ZHVI (Zillow Home Value Index) rose by 10.4 percent over the past year, to $223,400.

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