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Miami city, Florida Demographics & Population 2026

2nd Largest2nd most populous city in Florida
Expensive MarketHome value to income ratio of 8.0x indicates a costly housing market

As of 2026, Miami city, Florida has a total population of 446,663, the 2nd largest city in Florida, with a median household income of $59,390, which is 17% lower than the state average. The poverty rate is 19.2%.

Key Takeaways

Miami city Quick Facts

Population 446,663
Median Household Income $59,390
Median Home Value $475,200
Poverty Rate 19.2%
Unemployment Rate 5.0%
Median Age 39.7 years
Homeownership Rate 30.7%
Affordability Ratio 8.0x
Bachelor's Degree or Higher 35.6%
High School Graduation Rate 80.0%
Diversity Index 46/100
Population 446,663 2nd of 953
Median Income $59,390 below average
Poverty Rate 19.2% 54% higher national
Median Home Value $475,200 top 20%

How Miami city Compares

Economy & Housing

Employment

5.0% Unemployment Rate State: 4.8% | National: 5.2%
66.7% Labor Force Participation

Housing Overview

Owner 30.7%
Renter 69.3%
Affordability Index Very Expensive
8.0x home value to income ratio

People & Demographics

Diversity Index

46out of 100
Moderate Diversity

Moderate diversity with one or two groups making up the majority.

State average: 64 | National average: 60

Education

Miami city Rankings in Florida

#2 Population of 953
#612 Median Income of 953
#330 Education of 953
#161 Home Value of 953

Cities Similar to Miami city

These cities in the same state have comparable population and economic profiles.

CityPopulationMedian IncomeHome ValueBachelor's+Poverty
Tampa city393,389$71,302$375,30044.6%15.9%
Orlando city311,732$69,268$359,00042.2%15.5%
St. Petersburg city260,646$73,118$331,50041.3%11.7%
Hialeah city221,901$53,079$359,20021.2%17.5%
Jacksonville city961,739$66,981$266,10031.9%15.0%

Population Overview

Miami city is a major urban center located in Florida. The total population is 446,663. It ranks as the 2nd most populous out of 953 cities and towns in Florida.

Age Demographics

The median age in Miami city is 39.7 years. This is 7% lower than the state median of 42.6 years.

Economy, Income & Housing

The median household income in Miami city is $59,390. This is 17% lower than the state median of $71,711. Compared to the national median of $78,538, household income here is 24% lower. The poverty rate stands at 19.2%. This is 52% higher than the state poverty rate of 12.6%. The unemployment rate is 5.0%. This is 3% higher than the state rate of 4.8%. The median home value is $475,200. Housing costs are 46% higher than the state median of $325,000. The home-value-to-income ratio of 8.0x suggests that housing affordability is a significant concern for many residents. 30.7% of occupied housing units are owner-occupied. This homeownership rate is 54% lower than the state average of 67.3%.

Race & Ethnicity

The largest racial or ethnic group in Miami city is Hispanic or Latino, making up 71.2% of the population. Black or African American residents account for 12.7%. The White (non-Hispanic) population (12.3%) is well below the state average of 51.4%. The Hispanic or Latino population is significantly higher than the state average (71.2% vs 26.8%).

Education

35.6% of residents aged 25 and older hold a bachelor's degree or higher. This is 7% higher than the state rate of 33.2%. Nationally, 35.0% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 80.0%.

Data Sources & Methodology

All demographic data for Miami city, Florida is sourced from the U.S. Census Bureau's American Community Survey (ACS) 5-Year Estimates (2019-2023). The ACS collects data from approximately 3.5 million households annually, providing reliable estimates for communities of all sizes. Comparisons are made against Florida state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 953 Census-designated places in Florida. For official data, visit data.census.gov.

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Frequently Asked Questions

What is the population of Miami city, Florida?

Miami city, Florida has a population of 446,663 according to the most recent U.S. Census ACS 5-Year Estimates.

What is the median household income in Miami city, FL?

The median household income in Miami city is $59,390, which is 24% lower the national median of $78,538.

What is the poverty rate in Miami city, FL?

The poverty rate in Miami city is 19.2%. This means approximately 84,632 residents live below the federal poverty line.

What is the racial makeup of Miami city, Florida?

Miami city's population is 12.3% White, 12.7% Black, 71.2% Hispanic/Latino, and 1.5% Asian.

What is the median home value in Miami city, FL?

The median home value in Miami city is $475,200. The home-value-to-income ratio is 8.0x.

How educated is Miami city, Florida?

35.6% of adults (25+) in Miami city hold a bachelor's degree or higher, and 14.1% hold a graduate or professional degree.