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Miami Rent Soars, Cost of Living Beats NYC, Workers Leave

8/12/2026

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Summary

Story summary

Ned Murray, associate director of Jorge M., says Miami’s rising costs are driving residents to leave and deepening a labor shortage.
Rent in Miami-Dade County climbed from $1,095 in 2019 to $1,482 in May 2026.
Ken Sejour reports staff now endure two-hour commutes each way because rent has risen to $1,500-$1,800.
The Bureau of Economic Analysis said Miami’s cost of living surpassed New York City’s in 2024.

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Story summary

Ned Murray, associate director of Jorge M., says Miami’s rising costs are driving residents to leave and deepening a labor shortage.
Rent in Miami-Dade County climbed from $1,095 in 2019 to $1,482 in May 2026.
Ken Sejour reports staff now endure two-hour commutes each way because rent has risen to $1,500-$1,800.
The Bureau of Economic Analysis said Miami’s cost of living surpassed New York City’s in 2024.