Miami is a large coastal city (i.e. on the ocean, a bay, or inlet) located in the state of Florida. With a population of 487,014 people and 354 associated neighborhoods, Miami is the second largest community in Florida. Miami has seen a significant amount of newer housing growth in recent years. Quite often, new home construction is the result of new residents moving in who are middle class or wealthier, attracted by jobs, a healthy local economy, or other amenities as they leave nearby or far away areas for greener pastures. This seems to be the case in Miami, where the median household income is $62,462.00.
Miami home prices are not only among the most expensive in Florida, but Miami real estate also consistently ranks among the most expensive in America.
One interesting thing about the economy is that relatively large numbers of people worked from their home: 16.03% of the workforce. While this number may seem small overall, as a fraction of the total workforce this is high compared to the rest of the county. These workers are often telecommuters who work in knowledge-based, white-collar professions. For example, Silicon Valley has large numbers of people who telecommute. Other at-home workers may be self-employed people who operate small businesses out of their homes.
Miami is a popular destination for single career-starters. One thing that you will notice when you are out and about town is that there is a large population of people who are young, single, educated, and upwardly-mobile career starters out at restaurants, listening to live music, and enjoying other activities. They are a real visible part of the culture of Miami. This makes Miami a good place to live for young professionals. With so many people in this demographic, Miami presents many opportunities for single professionals to enjoy themselves, socialize, and to create lasting relationships.
Miami is also nautical, which means that parts of it are somewhat historic and touch the ocean or tidal bodies of water, such as inlets and bays. Such areas are often places that visitors and locals go for waterfront activities or taking in the scenery.
Miami, like many big cities in America, has a public transportation system, but the citizens of Miami are lucky because theirs is one of the most extensive and widely used. Many commuters choose to leave their cars at home and instead use the bus to get to and from work. In fact, for some people it is feasible to forgo car ownership entirely, avoiding the cost and headache of driving in heavy traffic. The benefits include reduced air pollution and load on the road network.
The education level of Miami citizens is very high relative to the national average among all cities (21.84%): 37.41% of adults in Miami have a bachelor's degree or even advanced degree.
The per capita income in Miami in 2022 was $45,837, which is upper middle income relative to Florida and the nation. This equates to an annual income of $183,348 for a family of four. However, Miami contains both very wealthy and poor people as well.
Miami is an extremely ethnically-diverse city. The people who call Miami home describe themselves as belonging to a variety of racial and ethnic groups. People of Hispanic or Latino origin are the most prevalent group in Miami, accounting for 71.49% of the city’s residents (people of Hispanic or Latino origin can be of any race). The greatest number of Miami residents report their race to be White, followed by Black or African-American. Important ancestries of people in Miami include Haitian, Italian, German, English, and Irish.
Foreign born people are also an important part of Miami's cultural character, accounting for 57.69% of the city’s population.
The most common language spoken in Miami is Spanish. Other important languages spoken here include English and French Creole.