Miami, Florida
MIAMI, FLORIDA: Demographic and Financial Snapshot
(Last updated on 1.8.21)
AGE IN MIAMI, FLORIDA
| Age Range | Population | Percent |
| 20 to 24 years | 21,921 | 4.7% |
| 25 to 29 years | 39,098 | 8.4% |
| 30 to 34 years | 46,122 | 9.9% |
| 35 to 39 years | 34,378 | 7.3% |
| 40 to 44 years | 32,481 | 6.9% |
| 45 to 49 years | 33,915 | 7.2% |
| 50 to 54 years | 31,811 | 6.8% |
| 55 to 59 years | 31,585 | 6.7% |
| 60 to 64 years | 26,808 | 5.7% |
| 65 to 69 years | 21,212 | 4.5% |
| 70 to 74 years | 19,807 | 4.2% |
| 75 to 79 years | 18,360 | 3.9% |
| 80 to 84 years | 12,245 | 2.6% |
| 85+ years | 11,135 | 2.4% |
The median age in Miami is 40.7 years
Source: US Census Data; https://data.census.gov/cedsci
Survey/Program: American Community Survey (2018 estimates)
Data Point: Age
ETHNICITY IN MIAMI, FLORIDA
| Ethnicity | Population | Percent |
| White | 91,595 | 63.5% |
| Black or African American | 37,489 | 26.0% |
| American Indian and Alaska Native | 1,116 | 0.8% |
| Asian | 4,231 | 2.9% |
| Native Hawaiian and Other Pacific Islander | 81 | 0.1% |
| Other | 4,801 | 3.3% |
Source: US Census; https://data.census.gov/cedsci
Survey/Program: American Community Survey (2018 estimates)
Data Point: Race
EDUCATION IN MIAMI, FLORIDA
| Education Level | Population | Percent |
| Less than 9th grade | 45,101 | 13.4% |
| 9th to 12th grade, no diploma | 32,541 | 9.6% |
| High school graduate (includes GED) | 99,060 | 29.4% |
| Some college, no degree | 42,623 | 12.6% |
| Associate’s degree | 23,910 | 7.1% |
| Bachelor’s degree | 57,276 | 17.0% |
| Graduate or professional degree | 36,902 | 10.9% |
| High school graduate or higher | 259,771 | 77.0% |
| Bachelor’s degree or higher | 94,178 | 27.9% |
| Less than Bachelor’s degree | 243,235 | 72.1% |
Source: US Census; https://data.census.gov/cedsci
Survey/Program: American Community Survey (2018 estimates)
Data Point: Education (population 25+ years)
HOUSEHOLD INCOME IN MIAMI, FLORIDA
| Annual Household Income | Percent |
| Less than $10,000 | 14.2% |
| $10,000 to $14,999 | 7.6% |
| $15,000 to $24,999 | 15.0% |
| $25,000 to $34,999 | 11.6% |
| $35,000 to $49,999 | 12.8% |
| $50,000 to $74,999 | 14.1% |
| $75,000 to $99,999 | 8.2% |
| $100,000 to $149,999 | 7.8% |
| $150,000 to $199,999 | 3.5% |
| $200,000 or more | 5.2% |
Median household income: $36,638
Mean household income: $64,540
Source: US Census; https://data.census.gov/cedsci
Survey/Program: American Community Survey (2018 estimates)
Data Point: Household Income
HOUSEHOLD INCOME BY EDUCATION IN MIAMI, FLORIDA
| Education Level | Average Income |
| Less than high school graduate | $19,207 |
| High school graduate (includes GED) | $21,676 |
| Some college or Associate’s degree | $28,987 |
| Bachelor’s degree | $41,623 |
| Graduate or professional degree | $71,953 |
Source: US Census; https://data.census.gov/cedsci
Survey/Program: American Community Survey (2018 estimates)
Data Point: Median earnings in past 12 months by education (population 25+ years with earnings)
MARITAL STATUS IN MIAMI, FLORIDA
| Population | Percent | |
| Population 15+ years | 394,298 | NA |
| Never married | 156,802 | 39.8% |
| Now married (except separated) | 146,495 | 37.2% |
| Separated | 16,063 | 4.1% |
| Widowed | 23,218 | 5.9% |
| Divorced | 51,720 | 13.1% |
Source: US Census; https://data.census.gov/cedsci
Survey/Program: American Community Survey (2018 estimates)
Data Point: Marital Status for population 15 years and over
POVERTY STATUS IN MIAMI, FLORIDA
| Population | Percent | |
| Living beneath poverty line | 94,209 | 20.3% |
Source: US Census; https://data.census.gov/cedsci
Survey/Program: American Community Survey (2018 estimates)
Data Point: Poverty Rate
HOUSING IN MIAMI, FLORIDA
| Owner-occupied housing units | 50,887 |
| Renter-occupied housing units | 120,149 |
| Single-family detached units | 49,928 |
| Homeownership rate | 29.8% |
| Vacancy rate | 15.4% |
| Renters rate | 70.2% |
| Average housing value | $412,763 |
| Average monthly owner cost (with mortgage) | $1,248 |
| Average rent | $1,134 |
Source: US Census; https://cbb.census.gov/rae/#
Survey/Program: 2009-2013 and the 2014-2018 American Community Survey 5-Year Estimates
Data Point: Housing Characteristics
SOCIOECONOMIC CHARACTERISTICS IN MIAMI, FLORIDA
| Average income | $64,540 |
| Average household size | 2.58 |
| Percent population 16 years and over in labor force | 61.8% |
| Percent disabled | 12.0% |
| Percent with health coverage | 78.4% |
| Average travel time to work (in minutes) | 29.1 |
| Percent workers using public transportation | 10.0% |
| Percent veterans | 1.9% |
| Percent foreign born | 58.2% |
| Percent speaking Spanish at home | 38.8% |
Source: US Census; https://cbb.census.gov/rae/#
Survey/Program: 2009-2013 and the 2014-2018 American Community Survey 5-Year Estimates
Data Point: Socioeconomic Characteristics
CONSUMER SPENDING IN MIAMI, FLORIDA
| Total consumer expenditures per household | $58,383.07 |
| Alcoholic beverages | $456.90 |
| Alcoholic beverages consumed at home | $271.60 |
| Beer consumed away from home | $78.65 |
| Wine consumed away from home | $39.17 |
| Apparel & services | $1,784.22 |
| Men’s apparel | $352.14 |
| Women’s apparel | $574.30 |
| Children’s apparel | $277.54 |
| Boys’ apparel | $92.45 |
| Girls’ apparel | $105.92 |
| Footwear | $422.10 |
| Dining out (food away from home) | $3,024.57 |
| Dining out – Breakfast | $321.83 |
| Dining out – Lunch | $950.03 |
| Dining out – Dinner | $1,395.28 |
| Education | $1,176.37 |
| Entertainment / recreation | $2,432.78 |
| Club membership fees | $170.29 |
| Dating services | $0.71 |
| Pet food | $191.00 |
| Pet services | $46.04 |
| Food consumed at home | $4,202.97 |
| Bakery products consumed at home | $545.55 |
| Dairy products consumed at home | $419.99 |
| Fruits and vegetables consumed at home | $828.06 |
| Meat, poultry, fish, eggs consumed at home | $963.06 |
| Nonalcoholic beverages consumed at home | $418.73 |
| Snacks / other food products consumed at home | $1,446.31 |
| Health care | $4,335.03 |
| Medical services | $785.98 |
| Nonprescription drugs | $109.18 |
| Household Services | $1,539.52 |
| Care for the elderly and handicapped | $49.30 |
| Lawn and garden services | $301.07 |
| Housekeeping services | $132.11 |
| PC repair | $5.32 |
| Housing | $18,935.75 |
| Home improvements | $1,680.20 |
| Utilities, fuel, and public services | $3,923.49 |
| Phone services | $1,465.60 |
| Water | $574.93 |
| Life and other insurance | $295.22 |
| Pensions and social security | $5,989.03 |
| Personal care products and services | $693.85 |
| Hair care products | $86.28 |
| Personal care products | $282.40 |
| Local transportation | $6,876.99 |
| Gasoline | $1,847.85 |
| Vehicle maintenance and repair | $882.57 |
| Travel | $1,594.79 |
| Airline fares | $407.21 |
| Auto / truck rental on trips | $18.58 |
| Lodging on trips | $418.72 |
| Food and drink on trips | $386.77 |
| Entertainment on trips | $134.04 |
Source: US Census; https://cbb.census.gov/rae/#
Survey/Program: 2009-2013 and the 2014-2018 American Community Survey 5-Year Estimates
Data Point: Consumer Spending (Consumer expenditures per household)
DEBT IN MIAMI-DADE COUNTY (home to MIAMI, FLORIDA)
| % with any debt in collections | 32% |
| Average debt in collections | $1,765 |
| % with medical debt in collections | 14% |
| Average medical debt in collections | $822 |
| % with student loan debt | 13% |
| Average student loan debt | $17,754 |
| Average monthly student loan payment | $151 |
| % with auto debt | 29% |
Source: Urban Institute; https://apps.urban.org/features/debt-interactive-map/
Survey/Program: Data from credit bureau data (2018) + the US Census Bureau’s American Community Survey (2017)
Data Point: Consumer Debt
UNEMPLOYMENT IN MIAMI, FLORIDA
| Year | Population | Percent |
| January 2019 | 6,623 | 2.8% |
| February 2019 | 6,032 | 2.6% |
| March 2019 | 6,477 | 2.8% |
| April 2019 | 5,695 | 2.4% |
| May 2019 | 5,542 | 2.4% |
| June 2019 | 5,606 | 2.4% |
| July 2019 | 5,749 | 2.5% |
| August 2019 | 5,894 | 2.5% |
| September 2019 | 5,161 | 2.2% |
| October 2019 | 4,546 | 1.9% |
| November 2019 | 3,861 | 1.7% |
| December 2019 | 3,437 | 1.5% |
| January 2020 | 3,409 | 1.4% |
| February 2020 | 3,391 | 1.4% |
| March 2020 | 8,279 | 3.7% |
| April 2020 | 25,598 | 12.4% |
| May 2020 | 26,635 | 12.8% |
| June 2020 | 27,246 | 12.5% |
| July 2020 | 35,307 | 15.4% |
| August 2020 | 19,704 | 8.6% |
| September 2020 | 32,512 | 13.6% |
| October 2020 | 21,205 | 9.3% |
Source: US Bureau of Labor Statistics; https://www.bls.gov/lau/data.htm
Survey/Program: Local Area Employment Statistics
Data Point: Unemployment totals (not seasonally adjusted)
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