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. 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 $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.
Telecommuters are a relatively large percentage of the workforce: 14.19% of people work from home. While this number may seem small overall, as a fraction of the total workforce it is high relative to the nation. 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.
One thing noticeable about Miami, is that it has a large population of people who are young, single, educated, and upwardly-mobile career starters. That’s because Miami is full of single people in their 20s and 30s and who have undergraduate or graduate degrees and are starting careers in professional occupations. This makes Miami a great place for young, educated career starters looking to find many people like themselves, with good opportunities for friendships, socializing, romance, and fun. In fact, Miami is one of the top larger cities in America for educated single professionals to flock.
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, 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 citizens of Miami are very well educated compared to the average community in the nation: 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.
Miami also has a high percentage of its population that was born in another country: 57.73%.
The most common language spoken in Miami is Spanish. Other important languages spoken here include English and French Creole.