Miami, FL
Population 446,663 · Florida
About Miami, FL
Miami is a major city in Florida with a population of 446,663 residents. The median household income is $59,390 per year, which is near the national average. The median age in Miami is 39.7 years.
Housing in Miami has a median home value of $475,200 and median monthly rent of $1,657. Of the 219,809 total housing units, renting is more common than owning, with 58,481 owner-occupied and 131,801 renter-occupied units.
The unemployment rate in Miami is 5.0% and the poverty rate is 19.2%. 35.6% of residents hold a bachelor's degree or higher. The average commute time is 27.3 minutes.
How Miami Ranks in Florida
Cost of Living in Miami, FL
Compared to national averages, Miami has a median household income of $59,390 (21% below the national median of $75,149). Home values average $475,200, which is 94% above the national median. Monthly rent at $1,657 is 42% above the US average of $1,163. Within Florida, Miami's income is 22% below the state average of $75,893, and home values are 34% above the state median of $353,675.
Why Live in Miami, FL?
Miami offers a well-educated community where 35.6% of residents hold a bachelor’s degree or higher.
Potential considerations include median household income ($59,390) that falls below the national average, and a competitive housing market where the typical home costs $475,200. However, as a major city, Miami provides access to a wide range of amenities and services.
Miami has a population of 446,663 with a median age of 39.7 years. Compare Miami with other cities to see how it stacks up, or explore all cities in Florida.
Similar Cities Near Miami
Cities in Florida with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Tampa | 393,389 | $71,302 | $375,300 | Compare |
| Orlando | 311,732 | $69,268 | $359,000 | Compare |
| St. Petersburg | 260,646 | $73,118 | $331,500 | Compare |
| Hialeah | 221,901 | $53,079 | $359,200 | Compare |
| Port St. Lucie | 220,453 | $78,137 | $327,700 | Compare |
| Cape Coral | 206,387 | $76,062 | $339,200 | Compare |
| Tallahassee | 199,696 | $55,931 | $276,000 | Compare |
| Fort Lauderdale | 183,032 | $79,935 | $455,600 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Florida
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Miami With Other Cities
Frequently Asked Questions about Miami
What is the population of Miami, FL?
The population of Miami, FL is 446,663 according to the latest Census data.
What is the median household income in Miami?
The median household income in Miami, FL is $59,390 per year.
What is the median home value in Miami?
The median home value in Miami, FL is $475,200.
What is the average rent in Miami?
The median monthly rent in Miami, FL is $1,657.
What is the unemployment rate in Miami?
The unemployment rate in Miami, FL is 5.0%.