Pros and Cons of Living In Miami, Florida. Is Miami, FL a Nice Place To Live or Retire?

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Miami, Florida

Moving to Miami In Florida ? Is Miami, FL a Nice Place To Live? Pros and Cons of Living in Miami, Florida. Find out the best and worst about to live, raise a family or retire in Miami.

DEMOGRAPHICS

Population
461080
Unemployment
5.7%
21% NAT AVG.
Poverty
21.5%
54% NAT AVG.
Cost Of Living
111
11% NAT AVG.

ECONOMICS

Median Home Cost
$344300
50% NAT AVG.
Median Income
$44268
34% NAT AVG.
Median Rent
$1242
7% NAT AVG.
Overall Score
5

CRIME REPORT

Total Crime
15737
41% NAT. AVG.
54% STATE AVG.
Violent Crime
2645
43% NAT. AVG.
45% STATE AVG.
Property Crime
13092
40% NAT. AVG.
55% STATE AVG.

SOCIO-ECONOMICS

People Living Below BPL
1 in 5
Unemployed People
1 in 18
People Earning < $10,000
1 in 8
People Earning < $50,000
54.6%
People With Any Degree
1 in 2.5

ETHNICITY

Ethnicity Miami USA
White 11.5% 60.1%
African American 14% 12.2%
American Indian 0.1% 0.6%
Asian 1.2% 5.6%
Hawaiian 0% 0.2%
Multiracial 0.7% 2.8%
Hispanic 72.5% 18.2%
Other 0.1% 0.3%

HOUSEHOLD INCOME

HOUSEHOLD INCOME Miami USA
Less than $10,000 12.2% 5.8%
$10,000 to $14,999 6.9% 4.1%
$15,000 to $24,999 12.4% 8.5%
$25,000 to $34,999 10.8% 8.6%
$35,000 to $49,999 12.3% 12.0%
$50,000 to $74,999 15.2% 17.2%
$75,000 to $99,999 8.9% 12.8%
$100,000 to $149,999 10.3% 15.6%
$150,000 to $199,999 4.2% 7.1%

EDUCATION

Education Miami USA
< 9th Grade 11% 5.0%
9-12th Grade 10% 7.0%
High School or GED 27% 27.0%
Other College 12% 20.0%
Associate's Degree 8% 9%
Bachelor's Degree 19% 20.0%
Master's Degree 8% 9.0%
Professional Degree 4% 2.0%
Doctorate Degree 1% 1.0%
Miami is a city in Florida state in USA with a population of 461080 residents.. The poverty rate of Miami is 21.5%, which is 54% higher than national average. The typical household in Miami earns $44268 a year, compared to the national median of $67,500. Financial hardship is relatively common in the city as 1 in every 5 residents live below the poverty line, well above the national poverty rate of 14.1%. Additionally, more than 1 in every 8 area households live on an income of less than $10,000 a year. Nationwide, 5.8% of households do. Nearly 54.6% of households earn less than $50,000 a year compared to 39% national rate. The unemployment rate of Miami remained 5.7%, which is 21% higher than national rate. Nearly 1 times comparable to 4.7% national rate, according to the Census.

Cost of living in Miami is 111, which is 11% higher than national average. In Miami, only 32% of adults have a bachelor's degree and 20% have some college but no degree. Median home value in Miami is $344300 , which is 50% higher than national average. While median income in Miami remained $44268, which is 34% lower than national average.
Miami Scorecard

Jobs60%

Housing85%

Affordability30%

Safety40%

Amenities100%

Diversity85%

Education60%

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