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 455,924 people and 354 associated neighborhoods, Miami is the second largest community in Florida. Much of the housing stock in Miami was built relatively recently. The construction of new real estate can often be taken as an indication that the local Miami economy is robust, and that jobs or other amenities are attracting an influx of new residents. This seems to be the case in Miami, where the median household income is $59,390.00.
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.
Also of interest is that Miami has more people living here who work in computers and math than 95% of the places in the US.
A relatively large number of people in Miami telecommute to their jobs. Overall, about 14.19% of the workforce works from home. While this may seem like a small number, as a fraction of the total workforce it ranks among the highest in the country. 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.
One of the nice things about Miami is that it is nautical, which means that parts of it are somewhat historic and touch the ocean or tidal bodies of water, such as inlets and bays. Because of this, visitors and locals will often go to these areas to take in the scenery or to enjoy waterfront activities.
Miami is a big city, and with that comes lots of benefits. One benefit is that most big cities have public transit, but Miami really shines when it comes to the extensiveness and use of its public transit system. More than most large American cities, Miami citizens use public transit daily to get to and from work. And while there are transportation options, most people in Miami ride the bus. Whereas in some cities one is destined to sit in traffic every morning to get to work and every evening to get home, in Miami a lot leave their cars at home (if they even choose to own one), and hop a ride on the bus.
The education level of Miami citizens is very high relative to the national average among all cities (21.84%): 35.60% of adults in Miami have a bachelor's degree or even advanced degree.
The per capita income in Miami in 2022 was $42,528, which is upper middle income relative to Florida and the nation. This equates to an annual income of $170,112 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 71.19% 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 Black or African-American, followed by White. Important ancestries of people in Miami include Haitian, Italian, German, Irish, and English.
In addition, Miami has a lot of people living here who were born outside of the US (57.73%).
The most common language spoken in Miami is Spanish. Other important languages spoken here include English and French Creole.