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ZipNumbers

Florida · Census place 45000

Miami city, FL

Quick answer

Miami city has 446,663 residents, ranking #2 of 955 places in Florida. Median household income is $59,390, the median home is worth $475,200 and median gross rent runs $1,657 a month.

Population
446,663Miami city residents
Median household income
$59,390Past 12 months, inflation adjusted
Median home value
$475,200Owner-occupied units
Median gross rent
$1,657Rent plus utilities, monthly
Median age
39.7 yrsAll residents
Homeownership rate
30.7%Owner-occupied households

What the numbers mean in Miami city

Housing cost measured against local earnings.

A household earning the Miami city median would spend about 33.5% of gross income on the median rent. The 30% mark is the federal threshold for cost burden, so anything above it signals a stretched rental market. The median home costs 8.0× the median household income; nationally that ratio sits near 4.5×. Poverty affects 19.2% of residents and 30.7% of households own their home.

Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year

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