Miami Beach, FL
Population 81,319 · Florida
About Miami Beach, FL
Miami Beach is a mid-sized city located in Florida with a population of 81,319 residents according to the latest US Census Bureau American Community Survey data. The median household income is $67,014 per year, which is 11% below the national median of $75,149. The median age of 42.4 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Miami Beach features a median home value of $542,000, which is 121% above the national median of $244,900. This places Miami Beach in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $1,733, 49% above the national average of $1,163/month. Of the 63,225 total housing units, 39% are owner-occupied (15,812 units) and 61% are renter-occupied (25,026 units). The higher proportion of renters may reflect a transient population, younger demographics, or high housing costs relative to income.
Economy & Employment
The local economy in Miami Beach shows an unemployment rate of 3.9%, which is near the national rate of 3.7%. The poverty rate stands at 14.4%, above the national average of 12.4%. Workers in Miami Beach have an average one-way commute time of 26.6 minutes.
Education & Demographics
51.2% of Miami Beach residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This significantly higher educational attainment rate often correlates with access to knowledge-economy jobs and higher household incomes. The community's demographic composition includes 1.9% White, 0.4% Hispanic or Latino, 2.1% Black or African American, and 31.1% Asian residents, with 55.7% of the population being foreign-born.
How Miami Beach Ranks in Florida
Cost of Living in Miami Beach, FL
Compared to national averages, Miami Beach has a median household income of $67,014 (11% below the national median of $75,149). Home values average $542,000, which is 121% above the national median. Monthly rent at $1,733 is 49% above the US average of $1,163. Within Florida, Miami Beach's income is 12% below the state average of $75,893, and home values are 53% above the state median of $353,675.
Why Live in Miami Beach, FL?
Miami Beach offers a well-educated community where 51.2% of residents hold a bachelor’s degree or higher.
Potential considerations include median household income ($67,014) that falls below the national average, and a competitive housing market where the typical home costs $542,000. However, as a mid-sized city, Miami Beach provides access to a wide range of amenities and services.
Miami Beach has a population of 81,319 with a median age of 42.4 years. Compare Miami Beach with other cities to see how it stacks up, or explore all cities in Florida.
Similar Cities Near Miami Beach
Cities in Florida with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Homestead | 80,725 | $61,975 | $346,500 | Compare |
| Boynton Beach | 80,601 | $71,378 | $312,700 | Compare |
| The Villages | 82,108 | $76,523 | $375,100 | Compare |
| North Port | 80,512 | $81,940 | $328,700 | Compare |
| Pine Hills | 82,264 | $55,692 | $233,700 | Compare |
| Largo | 82,506 | $60,465 | $208,500 | Compare |
| Kissimmee | 79,504 | $51,277 | $273,900 | Compare |
| Kendall | 78,527 | $83,664 | $516,900 | 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 Beach With Other Cities
Frequently Asked Questions about Miami Beach
What is the population of Miami Beach, FL?
The population of Miami Beach, FL is 81,319 according to the latest US Census Bureau American Community Survey estimates. This makes it a mid-sized city in Florida.
What is the median household income in Miami Beach?
The median household income in Miami Beach, FL is $67,014 per year, which is 11% below the national median of $75,149.
What is the median home value in Miami Beach?
The median home value in Miami Beach, FL is $542,000, which is 121% above the national median of $244,900. A significant portion of residents rent their homes.
What is the average rent in Miami Beach?
The median monthly rent in Miami Beach, FL is $1,733, which is 49% above the national average of $1,163/month.
What is the unemployment rate in Miami Beach?
The unemployment rate in Miami Beach, FL is 3.9%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Miami Beach, FL a good place to live?
Miami Beach offers a moderate cost of living, a competitive housing market, and growing employment opportunities. With a population of 81,319 and a median age of 42.4, the city appeals to a broad range of residents.
How educated is Miami Beach, FL?
51.2% of residents in Miami Beach aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Miami Beach?
Key cost-of-living indicators for Miami Beach, FL: median home value is $542,000 (121% above national), median rent is $1,733/month, and median household income is $67,014. The home-value-to-income ratio is 8.1x, which suggests housing may be stretched relative to local earnings.
What is the poverty rate in Miami Beach?
The poverty rate in Miami Beach, FL is 14.4%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Miami Beach, FL?
Miami Beach's population is 1.9% White, 0.4% Hispanic or Latino, 2.1% Black or African American, 31.1% Asian, and 3.4% two or more races. 55.7% of residents are foreign-born.