In 2018, Miami, FL had a population of 471k people with a median age of 40.5 and a median household income of $41,818. Between 2017 and 2018 the population of Miami, FL grew from 463,354 to 470,911, a 1.63% increase and its median household income grew from $40,327 to $41,818, a 3.7% increase.
The population of Miami, Florida is 74.1% Hispanic or Latino, 13% Black or African American Alone, and 11% White Alone. N/A% of the people in Miami, FL speak a non-English language, and 71.8% are U.S. citizens.
The largest universities in Miami, FL are Miami Dade College (11,801 degrees awarded in 2017), South Florida Institute of Technology (725 degrees), and AI Miami International University of Art and Design (564 degrees).
The median property value in Miami, FL is $350,400, and the homeownership rate is 30.6%. Most people in Miami, FL commute by Drove Alone, and the average commute time is 28.5 minutes. The average car ownership in Miami, FL is 1 car per household.
In 2017, universities in Miami, FL awarded 14,656 degrees. The student population of Miami, FL is skewed towards women, with 26,525 male students and 34,933 female students.
Most students graduating from Universities in Miami, FL are Hispanic or Latino (9,936 and 73.1%), followed by Black or African American (2,096 and 15.4%), White (925 and 6.81%), and Unknown (398 and 2.93%).
The largest universities in Miami, FL by the number of degrees awarded are Miami Dade College (11,801 and 80.5%), South Florida Institute of Technology (725 and 4.95%), and AI Miami International University of Art and Design (564 and 3.85%).
The most popular majors in Miami, FL are Liberal Arts & Sciences (8,089 and 55.2%), Registered Nursing (1,080 and 7.37%), and Other Business Administration, Management, & Operations (380 and 2.59%).
The median tuition costs in Miami, FL are $N/A for private four-year colleges, and $1,987 and $7,947 respectively, for public four-year colleges for in-state students and out-of-state students.
The economy of Miami, FL employs 236k people and Miami has an unemployment rate of 4.0%. Miami has seen the job market increase by 0.8% over the last year. Future job growth over the next ten years is predicted to be 42.7%, which is higher than the US average of 33.5%. The largest industries in Miami, FL are Health Care & Social Assistance (25,314 people), Accommodation & Food Services (24,525 people), and Construction (24,120 people), and the highest paying industries are Finance & Insurance ($71,619), Utilities ($65,590), and Information ($61,019).
Households in Miami, FL have a median annual income of $41,818, which is less than the median annual income of $61,937 across the entire United States. This is in comparison to a median income of $40,327 in 2017, which represents a 3.7% annual growth.
Tax Rates for Miami
– The Sales Tax Rate for Miami is 7.0%. The US average is 7.3%.
– The Income Tax Rate for Miami is 0.0%. The US average is 4.6%.
– Tax Rates can have a big impact when Comparing the Cost of Living.
Income and Salaries for Miami
– The average income of a Miami occupant is $21,724 every year.
– The Median household income of a Miami occupant is $30,858 every year.