--- title: Moving to Florida? Get ready to pay up - The Hustle description: As more people flock to Florida cities, the average cost of rent is skyrocketing. image: https://hs-sbup.thehustle.co/hubfs/The%20Hustle%20News/Assets/Images/335601633-News-Brief_2022-02-15T041342.463Z-scaled.webp --- # Moving to Florida? Get ready to pay up ![Rob Litterst](https://thehustle.co/wp-content/uploads/2023/01/Rob-Litterst-pic.png?width=48&height=48&name=Rob-Litterst-pic.png) [Rob Litterst](https://hs-sbup.thehustle.co/author/rob-litterst) [Rob Litterst Twitter profile ](https://twitter.com/robbylit) Published: February 15, 2022 Updated: October 11, 2023 According to the Consumer Price Index, rents went up nationally by 3.8% on average in 2021. ![Moving to Florida? Get ready to pay up](https://hs-sbup.thehustle.co/hs-fs/hubfs/The%20Hustle%20News/Assets/Images/335601633-News-Brief_2022-02-15T041342.463Z-scaled.webp?width=595&height=400&name=335601633-News-Brief_2022-02-15T041342.463Z-scaled.webp) But some cities saw rent pop much more than that. Of the 10 cities with the highest average rent increase, 6 are in Florida — and Miami isn’t even on the list. #### **So why the rising rates?** According to Axios, a few [factors](https://www.axios.com/rising-rent-inflation-real-estate-housing-5c4eca4a-5f5f-4890-91c9-ea2351cc057b.html?utm_source=twitter&utm_medium=social&utm_campaign=editorial&utm_content=economy-business-housing) are working together: - The increase in remote work during the pandemic has pushed workers to warmer climates (e.g., Florida, Texas, Arizona) - With more demand, home prices are on the rise - Due to higher home prices, some residents are choosing to rent instead And with Florida specifically, the problem is exacerbated by the state’s popularity among retirees. In other words — it’s a classic case of supply and demand, with a healthy dose of bingo and water aerobics sprinkled in. Topics: [Economy](https://hs-sbup.thehustle.co/tag/economy) [Housing And Real Estate](https://hs-sbup.thehustle.co/tag/housing-and-real-estate) ## Follow us on social media prev next - ![Why tech workers are sleeping in expensive boxes](https://hs-sbup.thehustle.co/hubfs/The%20Hustle%20News/Assets/Images/1611893784-httpsthdaily.s3.us-west-1.amazonaws.comfinal_size-brownstone-pods_20231002232126.webp) ### Why tech workers are sleeping in expensive boxes - ![Apartments are getting built at a record clip — it’s too bad they aren’t the right kind](https://hs-sbup.thehustle.co/hubfs/The%20Hustle%20News/Assets/Images/503692535-httpsthdaily.s3.us-west-1.amazonaws.comfinal_size-Apt-Construction_20230910231429.webp) ### Apartments are getting built at a record clip — it’s too bad they aren’t the right kind - ![Will the Bay Area get a new city?](https://hs-sbup.thehustle.co/hubfs/The%20Hustle%20News/Assets/Images/1030627733-httpsthdaily.s3.us-west-1.amazonaws.comfinal_size-houses_20230827234703.webp) ### Will the Bay Area get a new city? - ![Looking for an edge in attracting talent? Give ’em a reasonable place to live](https://hs-sbup.thehustle.co/hubfs/The%20Hustle%20News/Assets/Images/1955417428-httpsthdaily.s3.us-west-1.amazonaws.comfinal_size-housing_20230816223900.webp) ### Looking for an edge in attracting talent? Give ’em a reasonable place to live - ![The answer to sky-high housing prices may also be sky-high](https://hs-sbup.thehustle.co/hubfs/The%20Hustle%20News/Assets/Images/952662398-httpsthdaily.s3.us-west-1.amazonaws.comfinal_size-zombies_20230808231951.webp) ### The answer to sky-high housing prices may also be sky-high - ![Does your apartment come with junk fees?](https://hs-sbup.thehustle.co/hubfs/The%20Hustle%20News/Assets/Images/1633744937-httpsthdaily.s3.us-west-1.amazonaws.comfinal_size-apartmentfees_20230719221212.webp) ### Does your apartment come with junk fees? - ![Can fewer stairs improve housing?](https://hs-sbup.thehustle.co/hubfs/The%20Hustle%20News/Assets/Images/1511365989-httpsthdaily.s3.us-west-1.amazonaws.comfinal_size-stairs_20230613212905.webp) ### Can fewer stairs improve housing? - ![Degrees of separation: As college enrollment drops, trade school sign-ups rise](https://hs-sbup.thehustle.co/hubfs/The%20Hustle%20News/Assets/Images/869946443-19-News-Brief_2023-04-24T001028.648Z.webp) ### Degrees of separation: As college enrollment drops, trade school sign-ups rise - ![Wanna travel cheap? Borrow someone’s house](https://hs-sbup.thehustle.co/hubfs/The%20Hustle%20News/Assets/Images/524570425-19-News-Brief_2023-04-20T224100.000Z.webp) ### Wanna travel cheap? Borrow someone’s house - ![Why are there so many tech layoffs?](https://hs-sbup.thehustle.co/hubfs/The%20Hustle%20News/Assets/Images/2012563462-HS-News-Brief_2023-01-24T002724.255Z.webp) ### Why are there so many tech layoffs? Pop up for Subscribe to The Hustle Daily Newsletter Subscribe to The Hustle Daily Newsletter Get the 5-minute news brief keeping 2.5M+ innovators in the loop. Always free. 100% fresh. No bullsh*t. JOIN FREE ### 100% Free CRM Nurture and grow your business with customer relationship management software. Signup for a free account Close modal ```json { "@context" : "https://schema.org", "@type" : "BlogPosting", "author" : { "@type" : "Person", "name" : "Rob Litterst", "url" : "https://hs-sbup.thehustle.co/news/author/rob-litterst" }, "datePublished" : "2022-02-15T12:20:38.000Z", "headline" : "Moving to Florida? Get ready to pay up", "image" : [ "https://hs-sbup.thehustle.co/hubfs/The%20Hustle%20News/Assets/Images/335601633-News-Brief_2022-02-15T041342.463Z-scaled.webp" ], "mainEntityOfPage" : { "@id" : "https://hs-sbup.thehustle.co/news/02152022-rent-florida", "@type" : "WebPage" }, "publisher" : { "@type" : "Organization", "logo" : { "@type" : "ImageObject" } } } ``` ```json { "@context" : "https://schema.org", "@id" : "#article", "@type" : "NewsArticle", "author" : { "@type" : "Person", "name" : "Rob Litterst", "url" : "https://hs-sbup.thehustle.co/author/rob-litterst" }, "dateModified" : "2023-10-11T20:17:07+0000", "datePublished" : "2022-02-15T12:20:38+0000", "headline" : "Moving to Florida? Get ready to pay up", "image" : [ "https://7355427.fs1.hubspotusercontent-na1.net/hubfs/7355427/The%20Hustle%20News/Assets/Images/335601633-News-Brief_2022-02-15T041342.463Z-scaled.webp" ], "publisher" : { "@type" : "Organization", "logo" : { "@type" : "ImageObject", "height" : 112, "url" : "https://fs.hubspotusercontent00.net/hubfs/53/assets/hubspot.com/web-team/WBZ/Blog%202021/Images/Logos/HubSpot%20Logo%20112X112.svg", "width" : 112 }, "name" : "HubSpot", "sameAs" : [ "https://www.facebook.com/hubspot", "https://twitter.com/hubspot" ], "url" : "https://www.hubspot.com" }, "speakable" : { "@type" : "SpeakableSpecification", "xPath" : [ "//title", "/html/head/meta[@name='description']/@content" ] } } ```