Most Expensive Miami Beach Neighborhoods
Miami Beach is a larger medium-sized coastal city (i.e. on the ocean, a bay, or inlet) located in the state of Florida. With a population of 91,732 people and 29 constituent neighborhoods, Miami Beach is the 25th largest community in Florida.
Miami Beach home prices are not only among the most expensive in Florida, but Miami Beach real estate also consistently ranks among the most expensive in America.
Miami Beach is a decidedly white-collar city, with fully 89.07% of the workforce employed in white-collar jobs, well above the national average. Overall, Miami Beach is a city of service providers, sales and office workers and professionals. There are especially a lot of people living in Miami Beach who work in food service (13.82%), sales jobs (13.70%) and management occupations (12.62%).
Of important note, Miami Beach is also a city of artists. Miami Beach has more artists, designers and people working in media than 90% of the communities in America. This concentration of artists helps shape Miami Beach’s character.
One interesting thing about the economy is that relatively large numbers of people worked from their home: 7.88% of the workforce. While this number may seem small overall, as a fraction of the total workforce this is high compared to the rest of the county. These workers are often telecommuters who work in knowledge-based, white-collar professions. For example, Silicon Valley has large numbers of people who telecommute. Other at-home workers may be self-employed people who operate small businesses out of their homes.
One thing noticeable about Miami Beach, although not a huge city, is that it has a large population of people who are young, single, educated, and upwardly-mobile career starters. That’s because Miami Beach is full of single people in their 20s and 30s and who have undergraduate or graduate degrees and are starting careers in professional occupations. This makes Miami Beach a pretty good place for young, educated career starters looking to find many people like themselves, with good opportunities for friendships, socializing, romance, and fun.
One of the nice things about Miami Beach is that it is nautical, which means that parts of it are somewhat historic and touch the ocean or tidal bodies of water, such as inlets and bays. Because of this, visitors and locals will often go to these areas to take in the scenery or to enjoy waterfront activities.
Like elsewhere in America, most people in Miami Beach use a private automobile to get to work. But notably, a substantial number of Miami Beach‘s citizens do make use of public transit in their daily commute, primarily riding the bus. This helps more people get to work with less air pollution, and require fewer highways to get them there.
The education level of Miami Beach ranks among the highest in the nation. Of the 25-and-older adult population in Miami Beach, 43.24% have at least a bachelor's degree. The typical US community has just 21.84% of its adults holding a bachelor's degree or graduate degree.
The per capita income in Miami Beach in 2010 was $43,243, which is wealthy relative to Florida and the nation. This equates to an annual income of $172,972 for a family of four. However, Miami Beach contains both very wealthy and poor people as well.
Miami Beach is a very ethnically-diverse city. The people who call Miami Beach home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Miami Beach residents report their race to be White, followed by Black or African-American. Miami Beach also has a sizeable Hispanic population (people of Hispanic origin can be of any race). People of Hispanic or Latino origin account for 53.52% of the city’s residents. Important ancestries of people in Miami Beach include Italian, German, Irish, French, Russian and Polish.
Miami Beach also has a high percentage of its population that was born in another country: 52.22%.
The languages spoken by people in Miami Beach are also diverse. These are tabulated as the languages people preferentially speak when they are at home with their families. The most common language spoken in Miami Beach is Spanish. Other important languages spoken here include English, Portuguese and French.
|MIAMI BEACH INFORMATION||DETAILS|
|NUMBER OF HOMES AND APARTMENTS||43,650|
|MIAMI BEACH HOME OWNERSHIP|
|% OWNER OCCUPIED||35.52%|
|% RENTER OCCUPIED||64.48%|
|TYPE OF MIAMI BEACH HOMES|
|SINGLE FAMILY DETACHED||9.14%|
|ROWHOUSES AND ATTACHED HOMES||1.31%|
|SMALL APARTMENT BUILDINGS||5.85%|
|COMPLEXES OR HIGH RISE APARTMENTS||83.45%|
|SIZE OF MIAMI BEACH HOMES|
|5 OR MORE BEDROOMS||1.67%|
|AGE OF MIAMI BEACH HOMES|
|NEWER HOMES (2000 OR LATER)||11.71%|
|ESTABLISHED, BUT NOT OLD HOMES (1970-1999)||29.32%|
|WELL-ESTABLISHED, OLD HOMES (1940-1969)||47.83%|
|HISTORIC (1939 OR BEFORE)||11.14%|
|MIAMI BEACH REAL ESTATE INFORMATION||DETAILS|
|MEDIAN HOME VALUE||$485,315|
|MEDIAN RENTAL PRICE||$1,475|
|HOME VALUE RANGE|
|$0 - $74,000||2.20%|
|$74,001 - $148,000||6.72%|
|$148,001 - $297,000||18.33%|
|$297,001 - $445,000||17.16%|
|$445,001 - $593,000||13.63%|
|$593,001 - $742,000||8.81%|
|$742,001 - $1,112,000||10.78%|
|$1,112,001 - $1,483,000||6.91%|
|PEOPLE OF MIAMI BEACH||DETAILS|
|UNDER 5 YEARS||5.37%|
|5 TO 17||9.98%|
|18 TO 24||6.68%|
|25 TO 34||18.93%|
|35 TO 54||32.06%|
|55 TO 64||10.94%|
|65 YEARS AND OVER||16.04%|
|EDUCATIONAL ATTAINMENT OF ADULTS|
|HIGH SCHOOL GRADUATES||85.42%|
|MEDIAN HOUSEHOLD INCOME||$42,547|
|PER CAPITA INCOME||$43,243|
|INDIVIDUALS BELOW POVERTY LEVEL||17.53%|
|INDUSTRIES PEOPLE WORK IN||Accommodation (20.43%)
Professional, scientific, and technical services (10.12%)
Real estate (6.18%)
Information Technology (2.90%)
Public Service (2.14%)
|BLACK OR AFRICAN AMERICAN||4.80%|
|AMERICAN INDIAN AND ALASKA NATIVE||0.21%|
|NATIVE HAWAIIAN AND OTHER PACIFIC ISLANDERS||0.06%|
|SOME OTHER RACE ALONE||14.34%|
|TWO OR MORE RACES||1.66%|
|HISPANIC OR LATINO (OF ANY RACE)||53.52%|
|ETHNICITIES PRESENT||Italian (8.45%)
|LANGUAGES SPOKEN||Spanish (54.56%)
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