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%.
- Tax Rates can have a big impact when Comparing Cost of Living.

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
  4.0%3.9%
  0.8%1.6%
  42.7%33.5%
  7.0%7.3%
  0.0%4.6%
  $25,067$31,177
  $33,999$57,652
  $38,048$70,850
  POPULATION BY OCCUPATION
  0.3%1.3%
  0.0%0.6%
  9.3%6.2%
  4.1%10.4%
  3.6%2.7%
  11.7%11.6%
  5.9%4.1%
  0.4%0.9%
  2.1%2.1%
  3.9%4.7%
  3.1%1.9%
  7.2%6.7%
  0.1%0.1%
  5.9%4.3%
  5.7%9.3%
  10.9%13.8%
  2.4%2.2%
  13.0%7.4%
  7.7%4.9%
  2.7%4.8%
ECONOMY MAP
  • Unemployment Rate (US Avg: 5.2%)
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    Reviews for Miami    185 Reviews
    Great city NOT for people who are slackers. - 5/25/2019
    I see a lot of people whining that Miami is expensive. Well it wouldnt be Miami if it was some cheap small town in Indiana or Wisconsin. People come to Miami to be... Read More

    Start Your Review of Miami


    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

    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


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    COMPARE COST OF LIVING
    Compare Miami, Florida to any other place in the USA.

    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, 33133, 33145, 33127, 33138, 33144, 33150, ... 18 more

    NEW LISTINGS IN MIAMI
    $327,000
    13352 SW 28th St
    Bed 3 | Bath 3

    $2,600,000
    473 Ridge Rd
    Bed 5 | Bath 5

    $4,450,000
    598 Golden Beach Dr
    Bed 5 | Bath 6

    $6,750,000
    6505 Allison Rd
    Bed 4 | Bath 4

    $750,000
    10490 NW 69th Ter
    Bed 4 | Bath 4

    $2,690,000
    4901 SW 74th Ter
    Bed 6 | Bath 8

    $7,800,000
    236 S Is
    Bed 7 | Bath 8


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