The lack of affordable housing in Miami disproportionately affects middle- and low-income residents, who are often priced out of the market. The median household in Miami spends nearly 47% of its income on housing, far exceeding the recommended 30% threshold. This affordability crisis could exacerbate economic inequality and force residents to relocate, disrupting communities and local economies. The city's reliance on international buyers further detaches housing prices from local income levels, making it harder for residents to compete in the market.