MiamiFlorida

Miami Population Demographics

According to US population projections for 2022, the estimated population of Miami is 439,906. 16.64% is under 18, while 17.82% is over 65.

A closer look at the age demography reveals that 4.65% of the population was five years old or younger, 16.64% were 18 years or younger and 31.28% were aged 65 years and over. The gender split in the state was nearly even, with 49.29% female and 50.71% male.

Miami Housing

According to the US Census, Miami has 219,775 housing units. The average owner-occupied housing unit rate in Miami was 87.46%. At the same time, the city's median value of owner-occupied homes was $411,300

Miami Racial Demographics

In 2020, the US Census estimated that White Alone and Some Other Race Alone constitute 44.56% of Miami's population. Residents of the city who were Black Or African American Alone, made up 12.95% of the total population.

Other racial groups include Asian Alone, constituting 1.39% of the city's population and White Black Or African American at 0.49%

How Educated is Miami

According to Census estimates, in 2021, 21.1% of Miami residents had a bachelor's degree, while 14.8% had a graduate or professional degree.

Overall, 35.90% of residents have a bachelor's degree or higher.

Average Income in Miami

The median household income in Miami is $48,789. This figure is significantly (approximately 0.00%) less than the state average of $48,789.

Estimates by family type revealed that families earned an average of $55,218 per year, while married-couple families earned an average of $68,522.

A closer examination of the income groups of Miami households revealed that the largest income group consisted of households with an annual income between $50,000 and $74,999. Other groups with yearly high household incomes include those between $35,000 and $49,999 (12.6%) and those with incomes exceeding $200,000 (7.9%). 9.8% of households in the City of Angels had an annual income of less than $10,000.

Median Income by Type of Family