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Miami, FL&

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2.86% growth
Median Age
Median Household Income
16.4% growth
Poverty Rate
Number of Employees
1.58% growth
Median Property Value
3.11% decline


The economy of Miami, FL employs 214,066 people. The economy of Miami, FL is specialized in Construction; Real Estate, Rental & Leasing; and Accommodation & Food Service, which employ respectively 1.81; 1.64; and 1.35 times more people than what would be expected in a location of this size. The largest industries in Miami, FL are Accommodation & Food Service (25,215), Retail trade (24,016), and Construction (22,495), and the highest paying industries are Management of Companies & Enterprises ($107,656), Mining, Quarrying, Oil, Gas Extraction ($105,833), and Finance & Insurance ($51,164).

Median household income in Miami, FL is $34,901. Males in Miami, FL have an average income that is 1.34 times higher than the average income of females, which is $43,586. The income inequality of Miami, FL (measured using the Gini index) is 0.479 which is lower than the national average.


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Health & Safety

Insurance and Medicare coverage combined with state and county level health and safety statistics for Miami, FL. In Miami-Dade County, FL the age groups most likely to have health care coverage are 6-17 and 6-17, men and women, respectively. The location has a 1 to 81 primary care clinician to patient ratio and a Medicare reimbursement average per patient per year of $14,097. Duval County, FL has the highest prevalence of homicides of any county in Florida.


Clinician to Patient Rates

The closest comparable data for the census place of Miami, FL is from the county of Miami-Dade County, FL.

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Miami, FL is home to a population of 453,584 people, from which 69.8% are citizens. The ethnic composition of the population of Miami, FL is composed of 333,870 Hispanic residents (73.6%), 60,535 Black residents (13.3%), 53,166 White residents (11.7%), 3,761 Asian residents (0.83%), and 1,092 Two+ residents (0.24%). The most common foreign languages in Miami, FL are Spanish (277,525 speakers), French Creole (16,300 speakers), and Portuguese (2,216 speakers), but compared to other places, Miami, FL has a relative high number of French Creole (16,300 speakers), Spanish (277,525 speakers), and Portuguese (2,216 speakers).


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In 2015 universities in Miami, FL awarded 17,012 degrees. The student population of Miami, FL is skewed towards females, with 7,221 male students and 9,791 female students. Most students in Miami, FL are Hispanic or Latino (11,964 and 70.3%), followed by Black or African American (2,369 and 13.9%), White (1,072 and 6.3%), and Unknown (624 and 3.67%). The largest universities in Miami, FL by number of graduates are Miami Dade College (13,052 and 76.7%), South Florida Institute of Technology (1,365 and 8.02%), and AI Miami International University of Art and Design (686 and 4.03%). The most popular majors in Miami, FL are Liberal Arts & Sciences (8,831 and 51.9%), Registered Nursing (962 and 5.65%), and Physical Therapy Technician (136 and 0.8%). The median tuition costs in Miami, FL are N/A for private four year colleges, and $1,983 and $7,947 respectively, for public four year colleges for in-state students and out-of-state students.



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Housing & Living

The median property value in Miami, FL is $277,700, which is 1.35 times larger than the national average of $205,000. Between 2015 and 2016 the median property value decreased from $286,600 to $277,700, a 3.11% increase. The homeownership rate of Miami, FL is 30.1%, which is lower than the national average of 63.1%. People in Miami, FL have an average commute time of 27.7 minutes, and they commute by Drove Alone. Car ownership in Miami, FL is lower than the national average, with an average of 1 car per household.


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United States
Miami-Fort Lauderdale-West Palm Beach, FL Metro Area
metropolitan statistical area
Miami-Dade County, FL
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