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Miami's Boom Drives Up Cost of Living
Posted
July 26, 2026
Views
1,433
Likes
10
Comments
29
Engagement
2.72%
July 26, 2026
1,433
10
29
2.72%
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6:39Now PlayingBloomberg Intelligence Senior Commodities Strategist Mike McGlone says Florida's tax advantages continue to attract people and businesses from higher-tax states, helping fuel Miami's rapid growth even as housing, insurance and other living costs climb. He says affordability pressures are increasingly weighing on renters and middle-income residents, while elevated home prices and a construction boom suggest Miami's real estate market may be nearing a peak.
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