Why Miami’s Housing Market Has Exploded

Miami’s appeal to remote workers, retirees, and international residents has led to soaring living costs.
Housing prices in hotspots like Brickell and Miami Beach are climbing rapidly due to high demand and low supply.
Everyday expenses—including groceries, dining, and transport—are rising from both inflation and heavy tourism.
Rents have seen double-digit increases, placing the city among the most expensive in the US.
Additionally, climate-related insurance spikes are worsening the financial pressure on residents.