Most Expensive Miami Neighborhoods
Miami is a large coastal city (i.e. on the ocean, a bay, or inlet) located in the state of Florida. With a population of 430,332 people and 258 constituent neighborhoods, Miami is the second largest community in Florida.
Housing costs in Miami are among some of the highest in the nation, although real estate prices here don't compare to real estate prices in the most expensive communities in Florida.
Unlike some cities where white-collar or blue-collar occupations dominate the local economy, Miami is neither predominantly one nor the other. Instead, it has a mixed workforce of both white- and blue-collar jobs. Overall, Miami is a city of service providers, sales and office workers and professionals. There are especially a lot of people living in Miami who work in sales jobs (12.34%), office and administrative support (12.18%) and maintenance occupations (9.75%).
Miami is a popular destination for single career-starters. One thing that you will notice when you are out and about town is that there is a large population of people who are young, single, educated, and upwardly-mobile career starters out at restaurants, listening to live music, and enjoying other activities. They are a real visible part of the culture of Miami. This makes Miami a good place to live for young professionals. With so many people in this demographic, Miami presents many opportunities for single professionals to enjoy themselves, socialize, and to create lasting relationships.
Miami is also nautical, which means that parts of it are somewhat historic and touch the ocean or tidal bodies of water, such as inlets and bays. Such areas are often places that visitors and locals go for waterfront activities or taking in the scenery.
Miami is a big city, and with that comes lots of benefits. One benefit is that most big cities have public transit, but Miami really shines when it comes to the extensiveness and use of its public transit system. More than most large American cities, Miami citizens use public transit daily to get to and from work. And while there are transportation options, most people in Miami ride the bus. Whereas in some cities one is destined to sit in traffic every morning to get to work and every evening to get home, in Miami a lot leave their cars at home (if they even choose to own one), and hop a ride on the bus.
The education level of Miami citizens is a little higher than the average for US cities and towns: 23.52% of adults in Miami have at least a bachelor's degree.
The per capita income in Miami in 2010 was $21,724, which is middle income relative to Florida and the nation. This equates to an annual income of $86,896 for a family of four. However, Miami contains both very wealthy and poor people as well.
Miami is a very ethnically-diverse city. The people who call Miami home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Miami residents report their race to be White, followed by Black or African-American. Miami also has a sizeable Hispanic population (people of Hispanic origin can be of any race). People of Hispanic or Latino origin account for 70.73% of the city’s residents. Important ancestries of people in Miami include Haitian and Italian.
Foreign born people are also an important part of Miami's cultural character, accounting for 57.57% of the city’s population.
The most common language spoken in Miami is Spanish. Other important languages spoken here include English and French Creole.
|NUMBER OF HOMES AND APARTMENTS||152,525|
|MIAMI HOME OWNERSHIP|
|% OWNER OCCUPIED||30.91%|
|% RENTER OCCUPIED||69.09%|
|TYPE OF MIAMI HOMES|
|SINGLE FAMILY DETACHED||25.50%|
|ROWHOUSES AND ATTACHED HOMES||9.73%|
|SMALL APARTMENT BUILDINGS||10.17%|
|COMPLEXES OR HIGH RISE APARTMENTS||54.05%|
|SIZE OF MIAMI HOMES|
|5 OR MORE BEDROOMS||1.12%|
|AGE OF MIAMI HOMES|
|NEWER HOMES (2000 OR LATER)||21.16%|
|ESTABLISHED, BUT NOT OLD HOMES (1970-1999)||26.02%|
|WELL-ESTABLISHED, OLD HOMES (1940-1969)||42.32%|
|HISTORIC (1939 OR BEFORE)||10.50%|
|MIAMI REAL ESTATE INFORMATION||DETAILS|
|MEDIAN HOME VALUE||$322,753|
|MEDIAN RENTAL PRICE||$1,166|
|HOME VALUE RANGE|
|$0 - $74,000||4.36%|
|$74,001 - $148,000||13.35%|
|$148,001 - $297,000||29.44%|
|$297,001 - $445,000||23.71%|
|$445,001 - $593,000||11.43%|
|$593,001 - $742,000||5.39%|
|$742,001 - $1,112,000||5.97%|
|$1,112,001 - $1,483,000||2.00%|
|PEOPLE OF MIAMI||DETAILS|
|UNDER 5 YEARS||6.30%|
|5 TO 17||12.30%|
|18 TO 24||8.60%|
|25 TO 34||16.57%|
|35 TO 54||29.22%|
|55 TO 64||11.18%|
|65 YEARS AND OVER||15.83%|
|EDUCATIONAL ATTAINMENT OF ADULTS|
|HIGH SCHOOL GRADUATES||71.98%|
|MEDIAN HOUSEHOLD INCOME||$30,858|
|PER CAPITA INCOME||$21,724|
|INDIVIDUALS BELOW POVERTY LEVEL||29.92%|
|INDUSTRIES PEOPLE WORK IN||Accommodation (12.52%)
Professional, scientific, and technical services (6.99%)
Real estate (3.17%)
Public Service (2.70%)
Information Technology (2.04%)
|BLACK OR AFRICAN AMERICAN||19.62%|
|AMERICAN INDIAN AND ALASKA NATIVE||0.15%|
|NATIVE HAWAIIAN AND OTHER PACIFIC ISLANDERS||0.01%|
|SOME OTHER RACE ALONE||3.23%|
|TWO OR MORE RACES||1.24%|
|HISPANIC OR LATINO (OF ANY RACE)||70.73%|
|ETHNICITIES PRESENT||Haitian (4.44%)
|LANGUAGES SPOKEN||Spanish (70.00%)
French Creole (4.37%)
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