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
  Unemployment Rate4.0%3.9%
  Recent Job Growth0.8%1.6%
  Future Job Growth42.7%33.5%
  Sales Taxes7.0%7.3%
  Income Tax0.0%4.6%
  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%
  Utilities0.4%0.9%
  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
  • Unemployment Rate (US Avg: 5.2%)
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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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    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 FL
    $385,000
    3715 SW 89th Ave
    Bed 4 | Bath 2.0 |

    $349,000
    460 Flagami Blvd
    Bed 5 | Bath 3.0 |

    $360,000
    1810 NW 16th Ter
    Bed 2 | Bath 1.0 |

    $375,000
    529 NW 57th Ct
    Bed 3 | Bath 2.0 |

    $345,000
    1394 NW 42nd St
    Bed 3 | Bath 2.0 |

    $299,000
    3071 NW Flagler Ter
    Bed 2 | Bath 1.0 |


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