Miami, Florida 

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Economy in Miami, Florida

Miami has an unemployment rate of 4.0%. The US average is 3.9%.

Miami has seen the job market increase by 0.8% over the last year. Future job growth over the next ten years is predicted to be 42.7%, which is higher than the US average of 33.5%.

Tax Rates for Miami
- The Sales Tax Rate for Miami is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Miami is 0.0%. The US average is 4.6%.

Income and Salaries for Miami
- The average income of a Miami resident is $21,724 a year. The US average is $28,555 a year.
- The Median household income of a Miami resident is $30,858 a year. The US average is $53,482 a year.

INCOME BY POPULATION PERCENT

  ECONOMYMiami, FloridaUnited States
  Unemployment Rate4.0%3.9%
  Recent Job Growth0.8%1.6%
  Future Job Growth42.7%33.5%
  Sales Taxes7.0%7.3%
  Income Taxes00.046
  Income per Cap.$25,067$31,177
  Household Income$33,999$57,652
  Family Median Income$38,048$70,850
  POPULATION BY OCCUPATION
  Agriculture, forestry, fishing, hunting0.3%1.3%
  Mining, quarrying, oil and gas extraction0.0%0.6%
  Construction9.3%6.2%
  Manufacturing4.1%10.4%
  Wholesale trade3.6%2.7%
  Retail trade11.7%11.6%
  Transportation and warehousing5.9%4.1%
  Utilities00
  Information2.1%2.1%
  Finance and insurance3.9%4.7%
  Real estate, rental, leasing3.1%1.9%
  Professional, scientific, technical services7.2%6.7%
  Management of companies0.1%0.1%
  Administrative, support, waste mgt svcs5.9%4.3%
  Educational services5.7%9.3%
  Health care and social assistance10.9%13.8%
  Arts, entertainment, recreation2.4%2.2%
  Accommodation, food services13.0%7.4%
  Other services7.7%4.9%
  Public administration2.7%4.8%
ECONOMY MAP
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    Reviews for Miami    184 Reviews
    Unless you earn 6 figures, go elsewhere - 12/27/2018
    I am born and raised in Miami, my family all live in Miami. Miami is a great city if you earn 100k/year and up. Then you will be able to have a nice home in a nice... Read More

    Start Your Review of Miami


    Great Warm Weather Beach CITY - 10/17/2018
    I moved here from Bland Diego after coming here for business..dramatic upgrade. If you desire a true warm weather CITY (not collection of beach towns) on the ocean then... Read More

    liked it - 1/30/2017
    smaller than I thought, traffic seemed thick, good food and nice... Read More


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    MAPS OF MIAMI, FLORIDA
    Check out the latest Maps in a variety of categories including cost of living, population, and commute time.Miami,Florida Map
    ZIP CODES IN MIAMI, FLORIDA
    33125, 33142, 33126, 33135, ... 18 more

    NEW LISTINGS IN MIAMI FL
    $395,000
    3715 SW 89th Ave
    Bed 4 | Bath 2.0 |

    $349,999
    3020 SW 92nd Pl
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    Bed 4 | Bath 3.0 |

    $349,000
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    $349,900
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    Bed 2 | Bath 1.0 |

    $346,000
    636 SW 18th Ave
    Bed 3 | Bath 1.0 |

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