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Money Matters - High rent

Study shows high rent a struggle for many Floridians

(iStock)

JACKONSVILLE, Fla. – This morning, News4Jax spoke with the NASDAQ's Jane King to discuss people's struggles with paying rent.

According to King, nearly 60% of all Floridians can't afford living in their apartment. She said, that's the the conclusion of a list that shows spending more than 30% of total income on rent can requires people to stretch their finances.

Overall, financial advisers recommend not spending more than 30% of your total income on rent.