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 home prices are not only among the most expensive in Florida, but Miami real estate also consistently ranks among the most expensive in America.
One interesting thing about the economy is that relatively large numbers of people worked from their home: 11.89% of the workforce. While this number may seem small overall, as a fraction of the total workforce this is high compared to the rest of the county. 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 one of the most attractive larger cities for people who are young, single, educated, and upwardly-mobile career starters. This makes it a good place to live for young singles in their 20s and 30s and who have undergraduate or graduate degrees and are starting their professional careers. Although Miami is a large city, this demographic is significant enough that young professionals will find many others like themselves here, with really good opportunities for friendships, recreation, romance, and more.
Miami is also nautical, which means that parts of it are somewhat historic and touch the ocean or tidal bodies of water, such as inlets and bays. Quite often, nautical areas such as these attract visitors and locals who come to enjoy the scenery and various waterfront activities.
One of the benefits of being a big city like Miami is having a public transportation system, but in Miami the transit system is the mode of choice for lots of people getting to and from work every day. You will find many people using the bus for their daily commute, even though other transportation options exist. If you ask these commuters, many will tell you that not having to drive in the snarl of big city traffic is one of main reasons for leaving the car at home, or even not owning a car at all. With so many people taking the bus Miami benefits from a reduction in air pollution and traffic.
The education level of Miami citizens is very high relative to the national average among all cities (21.84%): 34.23% of adults in Miami have a bachelor's degree or even advanced degree.
The per capita income in Miami in 2022 was $39,055, which is upper middle income relative to Florida and the nation. This equates to an annual income of $156,220 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 72.26% 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 (57.88%).
The most common language spoken in Miami is Spanish. Other important languages spoken here include English and French Creole.