Last updated: 2024 BLS data · Page refreshed:
Miami has a population of 459,745 with a median age of 39.3. Here is the racial and ethnic breakdown of the population:
| Demographic | Value |
|---|---|
| Total Population | 459,745 |
| Median Age | 39.3 |
| White | 23.1% |
| Black or African American | 12.6% |
| Asian | 1.7% |
| Hispanic or Latino | 71.5% |
The median household income in Miami is $62,462, which is 22.5% below the national median of $80,610. The per capita income is $45,837. The poverty rate is 19.4%.
The unemployment rate in Miami is 2.2%, compared to the national rate of 4.1%.
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In Miami, 81.3% of residents age 25+ have a high school diploma or higher, and 37.4% hold a bachelor's degree or higher (14.9% with a graduate or professional degree).
| Education Level | % of Adults (25+) |
|---|---|
| High School Diploma or Higher | 81.3% |
| Bachelor's Degree or Higher | 37.4% |
| Graduate or Professional Degree | 14.9% |
The median home value in Miami is $518,100, above the national median of $303,400. The median monthly rent is $1,758. The homeownership rate is 30.8%.
| Housing Metric | Value |
|---|---|
| Median Home Value | $518,100 |
| Median Monthly Rent | $1,758 |
| Homeownership Rate | 30.8% |
| Vacancy Rate | 13.0% |
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