Miami, FL Profile: Facts & Data

The City of Miami is the 2nd largest city in Florida with a population of 456,742 as of July 1, 2024. Miami ranks in the upper quartile for Population Density and Diversity Index when compared to the other cities, towns and Census Designated Places (CDPs) in Florida. See peer rankings below.

The primary coordinate point for Miami is located at latitude 25.7743 and longitude -80.1937 in Miami-Dade County. The formal boundaries for the City of Miami encompass a land area of 35.89 sq. miles and a water area of 20.17 sq. miles. Miami-Dade County is in the Eastern time zone (GMT -5).

The City of Miami has a C1 Census Class Code which indicates an active incorporated place that does not serve as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.

Florida is one of 20 states where Census County Divisions (CCDs) are used for statistical tracking of subdivisions within each county. The City of Miami is located within Miami CCD of Miami-Dade County.

Miami, FL Data & Demographics (As of July 1, 2024)

POPULATION
Total Population	456,742 (100%)
Population in Households	450,138 (98.6%)
Population in Families	320,540 (70.2%)
Population in Group Quarters¹	6,604 ( 1.4%)
Population Density	12,689
Diversity Index²	83


INCOME
Median Household Income	$59,309
Average Household Income	$100,862
% of Income for Mortgage⁴	60%
Per Capita Income	$43,884
Wealth Index⁵	67
Socioeconomic Status Index⁶	Low (42.2)

HOUSING
Total HU (Housing Units)	227,004 (100%)
Owner Occupied HU	57,622 (25.4%)
Renter Occupied HU	140,971 (62.1%)
Vacant Housing Units	28,411 (12.5%)
Median Home Value	$567,522
Average Home Value	$706,131
Housing Affordability Index³	41

HOUSEHOLDS
Total Households	198,593
Average Household Size	2.27
Family Households	104,929
Average Family Size	3.00

NOTES

Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.
The Socioeconomic Index ranges from zero (lowest relative status) to 100 (highest relative status). This measure quantifies disparities in social position of an area's inhabitants and is built from a broad range of demographic, housing, and socioeconomic inputs. More information on this measure can be found in Esri's SEI tutorial.

Miami, FL - Peer Comparisons by Rank and Percentile

The table below compares Miami to the other 955 incorporated cities, towns and CDPs in Florida by rank and percentile using July 1, 2024 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

GROWTH RATE / YEAR	2020-2024	2024-2029
Population	0.76%	1.52%
Households	1.38%	2.33%
Families		2.03%
Median Household Income		6.10%
Per Capita Income		4.50%
Owner Occupied HU		1.87%

Variable Description	Rank	Percentile
Total Population	# 2	100th
Population Density	# 8	99th
Median Household Income	# 627	34th
Housing Affordability Index	# 55	6th
Per Capita Income	# 365	62nd
Diversity Index	# 112	88th

Miami, FL Profile: Facts & Data

Miami, Florida - Basic Facts

Miami, FL Data & Demographics (As of July 1, 2024)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Miami, FL - Peer Comparisons by Rank and Percentile

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