Miami, FL Local Data & Statistics

State: FL

Total population: 459,745 Household income: $62,462 Rent: $1,758

Overview

Total population

459,745

Rent

$1,758

Year built

1979

Household income

$62,462

Per capita income

$45,837

Poverty rate

19.4%

Unemployment rate

2.2%

Household size

2.3 persons

Rent over 30% of income

60.4%

Note: Rent, income, and year built are shown as median values, while household size is shown as an average (see explanations below).

Data are sourced from the American Community Survey (ACS) 5-Year Estimates, 2024 release — the latest dataset currently available, with the exception of the unemployment rate, which is sourced from the Bureau of Labor Statistics (BLS). ACS 5-year estimates are published annually, about 6–12 months after the end of each reference year.

Demographics

State

Florida

Total population

459,745

Adults over 25

350,206

Total households

194,821

Household size

2.3 persons

Note: Rent, income, and year built are shown as median values, while household size is shown as an average (see explanations below).

Income & Poverty

Household income

$62,462

Per capita income

$45,837

Poverty rate

19.4%

Unemployment rate

2.2%

Rent over 30% of income

60.4%

Note: Rent, income, and year built are shown as median values, while household size is shown as an average (see explanations below).

Housing

Rent

$1,758

Year built

1979

Households that rent

69.2%

Households that own

30.8%

Rooms per home (all homes)

3.8

Note: Rent, income, and year built are shown as median values, while household size is shown as an average (see explanations below).

Race

White

23.1%

Black

12.6%

Asian

1.7%

Two or more races

52.7%

Note: Rent, income, and year built are shown as median values, while household size is shown as an average (see explanations below).

Ethnicity

Hispanic or Latino

71.5%

Not Hispanic or Latino

28.5%

Note: Rent, income, and year built are shown as median values, while household size is shown as an average (see explanations below).

Commute

Commute rate

84%

Commute time to work

27 mins

Work from home

16%

Note: Rent, income, and year built are shown as median values, while household size is shown as an average (see explanations below).

Education

Less than high school

26.1%

High school graduate or GED

25.3%

Some college or associate degree

11.2%

Bachelor’s degree or higher

37.4%

Note: Rent, income, and year built are shown as median values, while household size is shown as an average (see explanations below).

Comparison of Miami, FL with: Florida United States

Miami, FL

Total population459,745

Rent$1,758

Year built1979

Household income$62,462

Per capita income$45,837

Poverty rate19.4%

Unemployment rate2.2%

Florida State

Total population22,416,077

Rent$1,669

Year built1988

Household income$74,568

Per capita income$42,609

Poverty rate12.6%

Unemployment rate3.4%

United States

Total population334,922,499

Rent$1,413

Year built1980

Household income$80,734

Per capita income$44,673

Poverty rate12.5%

Unemployment rate4%

Metric	CityMiami, FL	StateFlorida	CountryUnited States
Total population	459,745	22,416,077	334,922,499
Rent	$1,758	$1,669	$1,413
Year built	1979	1988	1980
Household income	$62,462	$74,568	$80,734
Per capita income	$45,837	$42,609	$44,673
Poverty rate	19.4%	12.6%	12.5%
Unemployment rate	2.2%	3.4%	4%

View the complete comparison of Miami, FL, Florida and United States →

Summary for Miami, FL

Miami is located in Florida.

Rent & Income

In Miami, the typical monthly rent is $1,758 and the typical household income is $62,462. Rent here is higher than both Florida and the U.S., and household income is lower than both Florida and the U.S. The estimated poverty rate is 19.4%, which is higher than in both Florida and national.

Housing & Affordability

Renters make up about 69.2% of households, making this a predominantly renter area. About 60.4% of renters spend more than 30% of their income on housing, indicating high cost burden.

Education & Employment

Educational attainment is high, with about 37.4% of adults holding a bachelor’s degree or higher. The local unemployment rate is 2.2%, which is lower than both Florida and the national rate.

Miami, FL — Rent vs Household Income

Miami, FL — Poverty vs Unemployment

How Miami, FL compares in Florida (59 places)

Metric	This place	Rank	Starts from	Statewide range
Rent	$1,758	32 / 59	from lower rent	$1,246 – $2,851
Household income	$62,462	45 / 59	from higher income	$46,195 – $139,825
Poverty rate	19.4%	53 / 59	from lower poverty	6.1% – 30.8%
Unemployment rate	2.2%	2 / 59	from lower unemployment	2.1% – 4.5%

Rankings are calculated among cities and communities in Florida with total population > 50,000 (year 2024).

Detailed Ranking Explanation for Miami, FL

Rent

For typical rent levels, Miami is ranked 32nd out of 59 major areas in Florida. Statewide values span from $1,246 in Winter Haven, FL to $2,851 in Weston, FL.

Household income

For household income, Miami ranks 45th out of 59 large places. Across Florida, incomes range from $46,195 in Gainesville, FL to $139,825 in Weston, FL.

Poverty rate

Miami places 53rd out of 59 large communities for poverty. Statewide figures move from 6.1% in Weston, FL up to 30.8% in Gainesville, FL.

Unemployment rate

For joblessness, Miami ranks 2nd out of 59 significant areas. Across Florida, unemployment varies from 2.1% in Miami Beach, FL to 4.5% in Daytona Beach, FL.

💰 Rent in Miami, FL (with Utilities)

Estimated Monthly Rent: $1,758 ℹ️ What’s Included:
✅ Base rent, electricity, gas, water/sewer, and heating fuels
❌ Not included: internet, cable TV, renter's insurance, parking

💡 What does this rent estimate mean?

Explanation: This estimate shows what renters typically pay each month for housing, including the apartment or home and essential utilities such as heat, water, and electricity. Even when utilities are billed separately, an estimated average cost for utilities is included, in line with the U.S. Census Bureau’s (ACS) definition of gross rent.

Included in this number: Rent plus electricity, gas, water/sewer, and heating fuel.

Not included: Internet, cable, parking, renter’s insurance, or furniture rental.

Note: This cost does not depend on the number of people living in the home.

👨‍👧‍👦 Household Income in Miami, FL

Annual Household Income: $62,462

💡 What does Household Income mean?

Definition: This represents the middle value of all household incomes in this area — half of households earn less, and half earn more.

Includes: wages, salaries, self-employment income, Social Security, pensions, investments, unemployment, public assistance, and rental income.

Does NOT include: capital gains, non-cash benefits (like food stamps), or tax refunds.

Household = any group of people (or a single person) living in the same housing unit.

Example: A couple earning $40,000 and $30,000 together have a household income of $70,000. If that's in the middle of all local incomes, it's the value shown here.

📉 Poverty Rate in Miami, FL

Estimated Rate: 19.4%

💡 What does the Poverty Rate represent?

Definition: The percentage of people in this area living below the federal poverty threshold.

How it works: The threshold is a dollar amount set by the U.S. Census Bureau that varies by family size and age. If a household's income is below that level, everyone in it is included in this rate.

Example: In a town of 10,000 people, if 1,500 have incomes below the poverty line, the poverty rate is 15%.

Note: This statistic only includes people living in households; it does not count those in student housing, military barracks, or nursing homes.

🏘️ Renter vs. Owner Households in Miami, FL

In Miami, FL, households that rent: 134,753 (69.2%)

📊 What does the renter household percentage reveal about this area?

Household Type	Count	Share
Renter-Occupied	134,753	69.2%
Owner-Occupied	60,068	30.8%

Definition: This is the percentage of households that rent their home rather than own it. It includes only occupied housing units.

Why it matters: Areas with a high share of renter households often have younger populations, higher mobility, and different housing needs compared to mostly owner-occupied areas.

Example: If 65% of homes in an area are renter-occupied, it means 65 out of every 100 households rent their home.

📉 Renters Spending Over 30% of Income on Rent in Miami, FL

In Miami, FL, cost-burdened renters (households spending over 30% of income on housing): 81,382 (60.4%)

🏚️ What Does It Mean When Renters Spend Over 30% of Their Income on Housing?

Household Group	Households	Share
Cost-burdened renters (over 30%)	81,382	60.4%
Other renter households	53,371	39.6%
Total renter households	134,753	100%

Shares are calculated as a percentage of renter households.

This shows how many renters in this area are considered cost-burdened — meaning they spend more than 30% of their income on housing (rent and basic utilities).

It’s a sign that housing might be unaffordable in the area or that lower-income residents may be struggling with rent.

Data comes from the U.S. Census Bureau’s American Community Survey.

📊 Education Levels in Miami, FL

Less than High School: 91,495 people (26.1%)

Includes adults who did not complete high school.

High School Graduate or GED: 88,582 people (25.3%)

Includes adults whose highest education is a high school diploma or GED.

Some College or Associate Degree: 39,121 people (11.2%)

Includes adults who attended college without completing a bachelor’s degree (some college or associate degree).

Bachelor’s Degree or Higher: 131,008 people (37.4%)

Includes adults with a bachelor’s degree or higher (bachelor’s, master’s, professional, or doctoral degree).

👥 Total Adults (25+): 350,206

📊 Unemployment Rate in Miami, FL

Estimated Rate: 2.2%

💡 What does Unemployment Rate mean?

Definition: The unemployment rate is the percentage of people in the labor force who do not have a job but are actively looking for one.

Labor Force = Employed + Unemployed (aged 16+ and actively participating in the workforce).

Formula: (Unemployed ÷ Labor Force) × 100

Does NOT include: People who are retired, students not looking for work, homemakers, or otherwise not seeking employment.

Example: If there are 1000 people in the labor force and 80 are unemployed, then the unemployment rate is 8%.

Similar Population

Long Beach, CA458,491 Virginia Beach, VA457,066 Raleigh, NC470,763 Oakland, CA438,072 Colorado Springs, CO483,099 Omaha, NE488,197 Minneapolis, MN426,845 Atlanta, GA499,287 Tulsa, OK412,322 Mesa, AZ507,478

ℹ️ Have questions about how these statistics are calculated? See our data methodology & FAQs

Source: ACS 5-Year Estimates (U.S. Census Bureau) — unemployment rate from BLS. Some values are derived metrics.