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FLORIDA - A rising number of young adults across South Florida are staying in their family homes well into their late twenties and early thirties as housing costs continue to climb beyond reach.
New findings from the Pew Research Center reveal that more than one quarter of adults aged 25 to 34 in the region still live with their parents, a figure well above the national average of 18%.
According to NBC Miami, this situation is becoming increasingly common.
Only a small percentage of young adults living at home in South Florida are unemployed.
Most have full-time jobs, yet struggle to afford rent, insurance, and basic living expenses.
The housing market across the state has become especially unaffordable.
Reports indicate that rent prices have reached historic highs, while wages for entry-level and mid-tier jobs have remained stagnant.
Despite working full-time jobs, and often taking on multiple roles or side hustles, many young adults are unable to cover the basic costs of rent, insurance, transportation, and food without financial assistance from family.
Economic experts say that even employed individuals are being priced out of their own communities.
The percentage of young adults living at home has surged in areas like Miami, Orlando, and Tampa, where real estate demand and inflation have outpaced income growth.
According to reports, fewer than 5% of those living at home in this age group are unemployed, which signals a deeper issue beyond job availability.
Florida’s affordability crisis is pushing many to reconsider their long-term future in the state.
Some are leaving for more affordable cities, while others stay behind, struggling to save or move forward under the weight of rising expenses.