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Miami Beach, Florida

Last updated: 2024 BLS data · Page refreshed:

City Profile — Demographics, Income, Education & Housing
Data: U.S. Census Bureau, American Community Survey 2024 5-Year Estimates
82,031
Population
$72,856
Median Income
$556,700
Home Value
42.9
Median Age

Demographics

Miami Beach has a population of 82,031 with a median age of 42.9. Here is the racial and ethnic breakdown of the population:

Hispanic
52.5%
White
51.6%
Black
4.2%
Asian
2.8%
Demographic Value
Total Population82,031
Median Age42.9
White51.6%
Black or African American4.2%
Asian2.8%
Hispanic or Latino52.5%
Miami Beach, Florida — racial composition (Census ACS 2024)Donut chart of 4 segments totaling 111.Hispanic/Latino: 47.3%White: 46.4%Black: 3.8%Asian: 2.5%82,031PopulationHispanic/LatinoHispanic/Latino47.3%WhiteWhite46.4%BlackBlack3.8%AsianAsian2.5%

Income & Economy

The median household income in Miami Beach is $72,856, which is 9.6% below the national median of $80,610. The per capita income is $75,054. The poverty rate is 14.4%.

$72,856
Median Household Income
$75,054
Per Capita Income
14.4%
Poverty Rate

Employment

The unemployment rate in Miami Beach is 2.1%, compared to the national rate of 4.1%.

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Education

In Miami Beach, 91.2% of residents age 25+ have a high school diploma or higher, and 52.9% hold a bachelor's degree or higher (24.0% with a graduate or professional degree).

HS Diploma+
91.2%
Bachelor's+
52.9%
Graduate+
24.0%
Education Level % of Adults (25+)
High School Diploma or Higher91.2%
Bachelor's Degree or Higher52.9%
Graduate or Professional Degree24.0%

Housing

The median home value in Miami Beach is $556,700, above the national median of $303,400. The median monthly rent is $1,826. The homeownership rate is 40.9%.

$556,700
Median Home Value
$1,826/mo
Median Rent
40.9%
Homeownership Rate
Housing Metric Value
Median Home Value$556,700
Median Monthly Rent$1,826
Homeownership Rate40.9%
Vacancy Rate34.2%

Salaries in Florida

Explore salary data for popular occupations in Florida:

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Other Cities in Florida

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Frequently Asked Questions

What is the population of Miami Beach, Florida?
The population of Miami Beach, Florida is 82,031 according to U.S. Census Bureau ACS 2024 5-Year Estimates.
What is the median household income in Miami Beach, Florida?
The median household income in Miami Beach, Florida is $72,856. This is 9.6% below the national median of $80,610.
What is the median home value in Miami Beach, Florida?
The median home value in Miami Beach, Florida is $556,700. The median monthly rent is $1,826.
What percentage of people in Miami Beach have a college degree?
In Miami Beach, Florida, 52.9% of adults age 25 and older hold a bachelor's degree or higher, and 91.2% have a high school diploma or higher.
Is Miami Beach, Florida an affordable place to live?
The home price-to-income ratio in Miami Beach, Florida is 7.6x (median home value $556,700 vs. median income $72,856), making it relatively expensive by that measure. A ratio under 4.0 is generally considered affordable.

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