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Economy, jobs and prices in Miami Beach, Florida: official figures

The median household income in Miami Beach was $72,856 a year in the 2020-2024 American Community Survey (in 2024 dollars), 320th lowest of 823 US cities of 50,000 or more; the US median was $80,734 and the Florida median $74,568.

Median household income
$72,856
2020-2024
Unemployment rate (ACS)
4.6%
2020-2024
Mean travel time to work
26.7 min
2020-2024
Median gross rent (monthly)
$1,826
2020-2024
Median home value (owner-occupied)
$556,700
2020-2024
Homes occupied by their owners
40.9%
2020-2024
Households with a broadband subscription
87.6%
2020-2024

What is the per capita income in Miami Beach?

Income per resident (per capita income) in Miami Beach averaged $75,054 a year in 2020-2024, 37th highest of 823 US cities of 50,000 or more (US: $44,673; Florida: $42,609).

Source: U.S. Census Bureau · saved copy

How unequal are incomes in Miami Beach?

Miami Beach's Gini index of household income inequality was 0.610 in 2020-2024 (0 means equal incomes, 1 maximum inequality), the most unequal of 823 US cities of 50,000 or more; the US figure was 0.483.

Source: U.S. Census Bureau · saved copy

What is the unemployment rate in Miami Beach, Florida?

4.6% of the civilian labor force in Miami Beach was unemployed on average over 2020-2024 (2,269 people), 287th lowest of 823 US cities of 50,000 or more; the US rate in the same survey was 5.2% and Florida's 4.8%.

Source: U.S. Census Bureau · saved copy

What share of people in Miami Beach are working?

69.0% of Miami Beach's 71,187 residents aged 16 and over were in the labor force (working or looking for work) in 2020-2024, 205th highest of 823 US cities of 50,000 or more (US: 63.5%).

Source: U.S. Census Bureau · saved copy

How many people in Miami Beach have jobs?

46,746 residents of Miami Beach held civilian jobs, 65.7% of those aged 16 and over (US: 59.7%), and 85 served in the armed forces.

Source: U.S. Census Bureau · saved copy

What are the main industries in Miami Beach?

The largest industry group for working residents of Miami Beach was professional, scientific, management and administrative services (19.3% of employed residents), followed by arts, entertainment, recreation, accommodation and food services (18.4%) and education, health care and social assistance (15.3%), 2020-2024.

Source: U.S. Census Bureau · saved copy

How many people in Miami Beach work in manufacturing?

Manufacturing employed 4.2% of working residents of Miami Beach, 43rd lowest of 823 US cities of 50,000 or more (US: 9.9%); professional, scientific and management services employed 19.3% (US: 12.6%).

Source: U.S. Census Bureau · saved copy

How long is the commute in Miami Beach, Florida?

Commuters in Miami Beach took 26.7 minutes on average to get to work in 2020-2024, 291st longest of 823 US cities of 50,000 or more (US: 26.4 minutes); 8.8% travelled an hour or more and 23.0% less than 15 minutes.

Source: U.S. Census Bureau · saved copy

How do people in Miami Beach get to work?

23.9% of workers living in Miami Beach worked from home in 2020-2024, 122nd highest of 823 US cities of 50,000 or more (US: 15.1%). 46.5% drove to work alone, 5.7% carpooled, 6.3% used public transport and 8.0% walked.

Source: U.S. Census Bureau · saved copy

What is the average rent in Miami Beach, Florida?

The median gross rent (rent plus utilities) in Miami Beach was $1,826 a month in 2020-2024, 258th highest of 823 US cities of 50,000 or more (US: $1,413; Florida: $1,669).

Source: U.S. Census Bureau · saved copy

How much does a house cost in Miami Beach?

Owner-occupied homes in Miami Beach had a median value of $556,700 in 2020-2024 as estimated by their owners, 218th highest of 823 US cities of 50,000 or more (US: $332,700; Florida: $359,000).

Source: U.S. Census Bureau · saved copy

How affordable are homes in Miami Beach?

The median home value in Miami Beach was 7.6 times the median household income, 91st highest of 823 US cities of 50,000 or more (US: 4.1 times).

Source: U.S. Census Bureau · saved copy

What share of people in Miami Beach, Florida own their home?

40.9% of the 41,600 occupied homes in Miami Beach were lived in by their owners in 2020-2024 and 24,598 were rented, 64th lowest of 823 US cities of 50,000 or more for home ownership (US: 65.2%; Florida: 67.6%).

Source: U.S. Census Bureau · saved copy

What share of homes in Miami Beach have broadband?

87.6% of households in Miami Beach had a broadband internet subscription of some type in 2020-2024, 94th lowest of 823 US cities of 50,000 or more (US: 91.0%; Florida: 91.6%).

Source: U.S. Census Bureau · saved copy

How many households in Miami Beach have no internet?

5.1% of households in Miami Beach (2,140) had no internet access at home in 2020-2024, 367th highest of 823 US cities of 50,000 or more (US: 6.5%); 10.0% relied on a cellular data plan alone (US: 11.5%).

Source: U.S. Census Bureau · saved copy

How Miami Beach compares with other cities in the United States

Median household income (2024 dollars) (2020-2024)

Miami Beach ranks 504 of 823, highest first.

RankCityMedian household income (2024 dollars)
501Omaha$73,201
502Idaho Falls$73,110
503Caldwell$73,058
504Miami Beach$72,856
505Lebanon$72,848
506Inglewood$72,750
507Marietta$72,725
Source: U.S. Census Bureau · saved copy

Per capita income (2024 dollars) (2020-2024)

Miami Beach ranks 37 of 823, highest first.

RankCityPer capita income (2024 dollars)
34Boca Raton$76,039
35Minnetonka$75,502
36Alameda$75,137
37Miami Beach$75,054
38Brookhaven$74,759
39Somerville$73,940
40Livermore$73,933
Source: U.S. Census Bureau · saved copy

Gini index of household income inequality (2020-2024)

Miami Beach ranks 1 of 823, highest first.

RankCityGini index of household income inequality
1Miami Beach0.610
2Sarasota0.583
3Bloomington0.565
4Champaign0.562
5Boulder0.561
6Baton Rouge0.561
7Boca Raton0.559
Source: U.S. Census Bureau · saved copy

Unemployment rate (share of civilian labor force) (2020-2024)

Miami Beach ranks 537 of 823, highest first.

RankCityUnemployment rate (share of civilian labor force)
534Kirkland4.6%
535Charlotte4.6%
536Shoreline4.6%
537Miami Beach4.6%
538Seattle4.6%
539Waco4.6%
540Rio Rancho4.6%
Source: U.S. Census Bureau · saved copy

Labor force participation rate (16 and over) (2020-2024)

Miami Beach ranks 205 of 823, highest first.

RankCityLabor force participation rate (16 and over)
202Pearland69.1%
203Avondale69.0%
204Lee's Summit69.0%
205Miami Beach69.0%
206Elgin69.0%
207Redwood City69.0%
208Queen Creek69.0%
Source: U.S. Census Bureau · saved copy

Mean travel time to work (minutes) (2020-2024)

Miami Beach ranks 291 of 823, highest first.

RankCityMean travel time to work (minutes)
288North Las Vegas26.7
289Murfreesboro26.7
290Goose Creek26.7
291Miami Beach26.7
292St. Clair Shores26.7
293Santee26.7
294Fishers26.7
Source: U.S. Census Bureau · saved copy

Workers who worked from home (2020-2024)

Miami Beach ranks 122 of 823, highest first.

RankCityWorkers who worked from home
119Waltham24.2%
120Herriman24.0%
121Eagan23.9%
122Miami Beach23.9%
123Pflugerville23.9%
124Downers Grove23.8%
125Roseville23.7%
Source: U.S. Census Bureau · saved copy

Workers commuting by public transportation (2020-2024)

Miami Beach ranks 68 of 823, highest first.

RankCityWorkers commuting by public transportation
65Cleveland6.5%
66Schenectady6.5%
67Syracuse6.3%
68Miami Beach6.3%
69Weymouth Town6.3%
70Walnut Creek6.2%
71Los Angeles6.1%
Source: U.S. Census Bureau · saved copy

Employed residents working in manufacturing (2020-2024)

Miami Beach ranks 781 of 823, highest first.

RankCityEmployed residents working in manufacturing
778Apopka4.3%
779Palm Desert4.2%
780Delray Beach4.2%
781Miami Beach4.2%
782Daytona Beach4.1%
783Chapel Hill4.1%
784Galveston4.1%
Source: U.S. Census Bureau · saved copy

Employed residents in education, health care and social assistance (2020-2024)

Miami Beach ranks 814 of 823, highest first.

RankCityEmployed residents in education, health care and social assistance
811Pompano Beach15.6%
812Fort Lauderdale15.6%
813Kissimmee15.4%
814Miami Beach15.3%
815West Valley City15.2%
816Hoboken14.6%
817Decatur14.5%
Source: U.S. Census Bureau · saved copy

Median gross rent per month (2020-2024)

Miami Beach ranks 258 of 823, highest first.

RankCityMedian gross rent per month
255Citrus Heights$1,827
256Montebello$1,827
257Beaverton$1,826
258Miami Beach$1,826
259Henderson$1,824
260Urban Honolulu$1,823
261New York$1,821
Source: U.S. Census Bureau · saved copy

Median value of owner-occupied homes (2020-2024)

Miami Beach ranks 218 of 823, highest first.

RankCityMedian value of owner-occupied homes
215Doral$562,800
216Flower Mound$560,200
217Norwalk$558,000
218Miami Beach$556,700
219Austin$555,300
220Flagstaff$552,900
221Federal Way$552,800
Source: U.S. Census Bureau · saved copy

Median home value as a multiple of median household income (2020-2024)

Miami Beach ranks 88 of 820, highest first.

RankCityMedian home value as a multiple of median household income
85Gilroy7.7x
86West Covina7.7x
87San Ramon7.7x
88Miami Beach7.6x
89Petaluma7.6x
90Buena Park7.6x
91Santa Ana7.6x
Source: U.S. Census Bureau · saved copy

Occupied homes lived in by their owners (2020-2024)

Miami Beach ranks 760 of 823, highest first.

RankCityOccupied homes lived in by their owners
757Long Beach41.2%
758Greenville41.1%
759Alhambra41.1%
760Miami Beach40.9%
761Santa Clara40.8%
762Athens40.7%
763Tallahassee40.6%
Source: U.S. Census Bureau · saved copy

Households with a broadband subscription (2020-2024)

Miami Beach ranks 730 of 823, highest first.

RankCityHouseholds with a broadband subscription
727Stillwater87.7%
728Augusta87.7%
729Jonesboro87.7%
730Miami Beach87.6%
731Kenner87.6%
732Delano87.6%
733Miami Gardens87.6%
Source: U.S. Census Bureau · saved copy

Households with no internet access (2020-2024)

Miami Beach ranks 367 of 823, highest first.

RankCityHouseholds with no internet access
364Cedar Rapids5.2%
365Burien5.2%
366Bristol5.2%
367Miami Beach5.1%
368Medford5.1%
369St. Paul5.1%
370Waltham5.1%
Source: U.S. Census Bureau · saved copy

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Sources

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