Miami Lakes, FL Economy


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Miami Lakes, FL is a vibrant town located in the Miami-Dade County area. It has a variety of activities and amenities to offer visitors and locals alike. The 2 bedroom rent cost in Miami Lakes is $2,040 which is slightly higher than the US average of $1,430. Additionally, the Grocery Cost Index is 106 compared to 100 nationally. This makes it a more expensive place to live. However, potential residents can take solace in the fact that there are many advantages to living here. For one, local businesses such as Chez Paree Restaurant and Jaxson's Ice Cream Parlor are popular destinations for residents. Other attractions include Castaways Park, an outdoor waterfront park perfect for picnics and social gatherings with friends or family; or the beautiful Lake Evelyn Park which offers walking paths and fishing spots so you can enjoy some relaxation time with nature. With so much to do in Miami Lakes, it’s no wonder why so many people call this place home.

Miami Lakes has an unemployment rate of 6.0%. The US average is 6.0%.

Miami Lakes 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 36.5%, which is higher than the US average of 33.5%.

Tax Rates for Miami Lakes
- The Sales Tax Rate for Miami Lakes is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Miami Lakes 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 Lakes
- The average income of a Miami Lakes resident is $28,006 a year. The US average is $28,555 a year.
- The Median household income of a Miami Lakes resident is $84,504 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyMiami Lakes, FloridaUnited States
  66
  -11.1%-6.2%
  36.5%33.5%
  7.0%6.2%
  0.0%4.6%
  $39,947$37,638
  $84,504$69,021
  $94,403$85,028
  Population by Occupation
  0.0%1.2%
  0.1%0.5%
  6.8%6.8%
  5.4%10.0%
  4.2%2.5%
  10.9%11.0%
  7.4%4.8%
  0.5%0.8%
  2.3%1.9%
  5.0%4.7%
  3.0%1.9%
  12.3%7.6%
  0.1%0.1%
  3.9%4.2%
  7.8%9.3%
  14.8%14.0%
  1.8%2.1%
  3.8%7.0%
  4.0%4.8%
  5.8%4.7%
Reviews for Miami Lakes
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Over 15 years ago

Miami Lakes is a quiet, friendly community in Northern Miami-Dade County, Florida. The town incorporated in 2000, and became Miami-Dade's 31st municipality. There are 23  More

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Miami Lakes is a great place to raise a family. It is a VERY safe neighborhood. It does not really matter if you leave your window open all night just for fresh air.   More

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Miami Lakes was incorporated in December, 2000, becoming one of 34 municipalities in Miami-Dade County. The community features winding tree-shaded streets, and numerous  More

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