Miami, IN
Population 573 · Indiana
About Miami, IN
Miami is a small community located in Indiana with a population of 573 residents according to the latest US Census Bureau American Community Survey data. The median household income is $96,442 per year, which is 28% above the national median of $75,149. The median age of 49 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 features a median home value of $0, which is 100% below the national median of $244,900. This makes Miami one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $459, 61% below the national average of $1,163/month. Of the 275 total housing units, 70% are owner-occupied (184 units) and 30% are renter-occupied (78 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Miami shows an unemployment rate of 26.8%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 7.7%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Miami have an average one-way commute time of 0 minutes, one of the shorter commutes in the region.
Education & Demographics
6.0% of Miami residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 0.0% White, 0.0% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 0.0% of the population being foreign-born.
How Miami Ranks in Indiana
Cost of Living in Miami, IN
Compared to national averages, Miami has a median household income of $96,442 (28% above the national median of $75,149). Home values average $0, which is 100% below the national median. Monthly rent at $459 is 61% below the US average of $1,163. Within Indiana, Miami's income is 39% above the state average of $69,330, and home values are 100% below the state median of $163,409.
Why Live in Miami, IN?
Miami offers a strong local economy with a median household income of $96,442, well above the national average, and affordable housing with a median home value of $0, below the US average of $244,900, and rent that’s lower than the national average at $459/month. Additionally, the city features a low poverty rate of 7.7%, better than the national average, and short commute times averaging just 0 minutes.
Miami has a population of 573 with a median age of 49 years. Compare Miami with other cities to see how it stacks up, or explore all cities in Indiana.
Similar Cities Near Miami
Cities in Indiana with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Parkers Settlement | 573 | $86,429 | $200,000 | Compare |
| Zanesville | 573 | $62,045 | $153,200 | Compare |
| Kingman | 575 | $30,139 | $105,100 | Compare |
| Coatesville | 570 | $76,806 | $165,900 | Compare |
| Ridgeville | 576 | $39,868 | $45,400 | Compare |
| Paragon | 564 | $0 | $90,700 | Compare |
| West College Corner | 564 | $70,197 | $105,700 | Compare |
| Boggstown | 563 | $0 | $0 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Indiana
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, IN?
The population of Miami, IN is 573 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Indiana.
What is the median household income in Miami?
The median household income in Miami, IN is $96,442 per year, which is 28% above the national median of $75,149.
What is the median home value in Miami?
The median home value in Miami, IN is $0, which is 100% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Miami?
The median monthly rent in Miami, IN is $459, which is 61% below the national average of $1,163/month.
What is the unemployment rate in Miami?
The unemployment rate in Miami, IN is 26.8%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Miami, IN a good place to live?
Miami offers above-average incomes, affordable housing, and growing employment opportunities. With a population of 573 and a median age of 49, the city appeals to established professionals and retirees.
How educated is Miami, IN?
6.0% of residents in Miami aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Miami?
Key cost-of-living indicators for Miami, IN: median home value is $0 (100% below national), median rent is $459/month, and median household income is $96,442. The home-value-to-income ratio is 0.0x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Miami?
The poverty rate in Miami, IN is 7.7%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Miami, IN?
Miami's population is 0.0% White, 0.0% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 0.0% of residents are foreign-born.