Miami-Dade, FL County is a vibrant and bustling county. It is home to a variety of businesses, from major corporations like Carnival Corporation and Ryder System to more locally-focused enterprises such as Sedano's Supermarkets and Panther Coffee. The cost of living in Miami-Dade is higher than the national average – the median two bedroom rent is $1,920 compared to $1,430 nationally and the Grocery Cost Index in Miami-Dade is 108 versus 100 in the US. Despite this, many people choose to live here due to its diverse culture and thriving economy.
Miami-Dade County has an unemployment rate of 8.2%. The US average is 6.0%.
Miami-Dade County has seen the job market decrease by -11.1% over the last year. Future job growth over the next ten years is predicted to be 38.0%, which is higher than the US average of 33.5%.
Tax Rates for Miami-Dade County
- The Sales Tax Rate for Miami-Dade County is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Miami-Dade County 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-Dade County
- The average income of a Miami-Dade County resident is $31,813 a year. The US average is $37,638 a year.
- The Median household income of a Miami-Dade County resident is $57,815 a year. The US average is $69,021 a year.