Miami has a population of 443,665 with a median age of 39.7. Here is the racial and ethnic breakdown of the population:
| Demographic | Value |
|---|---|
| Total Population | 443,665 |
| Median Age | 39.7 |
| White | 45.4% |
| Black or African American | 14.1% |
| Asian | 1.5% |
| Hispanic or Latino | 72.3% |
The median household income in Miami is $54,858, which is 27.0% below the national median of $75,149. The per capita income is $39,055. The poverty rate is 20.0%.
The unemployment rate in Miami is 5.0%, compared to the national rate of 5.4%.
In Miami, 78.8% of residents age 25+ have a high school diploma or higher, and 34.2% hold a bachelor's degree or higher (13.6% with a graduate or professional degree).
| Education Level | % of Adults (25+) |
|---|---|
| High School Diploma or Higher | 78.8% |
| Bachelor's Degree or Higher | 34.2% |
| Graduate or Professional Degree | 13.6% |
The median home value in Miami is $433,900, above the national median of $281,900. The median monthly rent is $1,494. The homeownership rate is 30.1%.
| Housing Metric | Value |
|---|---|
| Median Home Value | $433,900 |
| Median Monthly Rent | $1,494 |
| Homeownership Rate | 30.1% |
| Vacancy Rate | 13.4% |
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