Miami, Florida Demographics & Population 2026
Demographic data: ACS 2020–2024 five-year estimates. Sources and methodology
During the 2020–2024 ACS period, Miami, Florida had a total population of 459,745, the 2nd largest city in Florida, with a median household income of $62,462, which is 16% lower than the state average. The poverty rate is 19.4%.
Key Takeaways
- Miami is the 2nd largest city in Florida with a population of 459,745.
- Housing affordability is a challenge — homes cost 8.3x the median household income.
Miami Quick Facts
How Miami Changed
Change from the non-overlapping 2015–2019 ACS period to 2020–2024. Earlier dollar figures are adjusted to 2024 dollars; changes marked “no clear change” are within the combined 90% margins of error.
| Metric | 2015–2019 | 2020–2024 | Change |
|---|---|---|---|
| Population | 454,279 | 459,745 | +1.2% |
| Median household income | $48,058 | $62,462 | +30.0% |
| Median home value¹ | $390,996 | $518,100 | +32.5% |
| Median gross rent | $1,456 | $1,758 | +20.7% |
How Miami Compares
Median Household Income
Median Home Value
Economy & Housing
Household Income Distribution
Detailed income brackets
Employment
Housing Overview
People & Demographics
Age Distribution
Race & Ethnicity
- White: 12.1%
- Black: 11.9%
- Hispanic: 71.5%
- Asian: 1.6%
- Other: 0.6%
Diversity Index
Moderate diversity with one or two groups making up the majority.
State average: 65 | National average: 61
Education
Educational Attainment (Adults 25+)
- < High School: 18.7%
- HS Diploma: 25.3%
- Some College: 10.8%
- Associate's: 7.7%
- Bachelor's: 22.6%
- Graduate+: 14.8%
Miami Rankings in Florida
Explore Florida Rankings
Other Cities in Miami-Dade County
| City | Population | Median Income | Poverty | Home Value |
|---|---|---|---|---|
| Hialeah | 226,165 | $55,594 | 17.0% | $392,000 |
| Miami Gardens | 113,177 | $63,627 | 13.6% | $378,500 |
| Homestead | 82,807 | $65,423 | 18.4% | $380,000 |
| Miami Beach | 82,031 | $72,856 | 14.4% | $556,700 |
| Kendall | 79,562 | $87,325 | 11.2% | $567,900 |
| Doral | 79,216 | $94,164 | 10.3% | $562,800 |
| North Miami | 60,344 | $57,188 | 18.9% | $365,000 |
| The Hammocks | 58,838 | $85,628 | 12.1% | $468,100 |
| Fountainebleau | 55,665 | $64,908 | 12.7% | $320,200 |
| Kendale Lakes | 52,622 | $71,621 | 10.3% | $404,500 |
Cities Similar to Miami
These cities in the same state have comparable population and economic profiles.
| City | Population | Median Income | Home Value | Bachelor's+ | Poverty |
|---|---|---|---|---|---|
| Tampa | 401,618 | $75,475 | $420,400 | 45.7% | 15.4% |
| Orlando | 319,758 | $72,336 | $394,100 | 42.5% | 14.7% |
| St. Petersburg | 262,732 | $75,192 | $371,100 | 42.6% | 12.4% |
| Hialeah | 226,165 | $55,594 | $392,000 | 22.1% | 17.0% |
| Port St. Lucie | 232,491 | $80,648 | $369,200 | 28.1% | 9.5% |
Population Overview
Miami is a major urban center located in Florida, within Miami-Dade County. The total population is 459,745. It ranks as the 2nd most populous out of 955 Census-designated places in Florida.
Age Demographics
The median age in Miami is 39.3 years. This is 8% lower than the state median of 42.6 years.
Economy, Income & Housing
The median household income in Miami is $62,462. This is 16% lower than the state median of $74,568. It is also 23% lower than the national median of $80,734. The poverty rate stands at 19.4%. This is 54% higher than the state poverty rate of 12.6%. The unemployment rate is 5.2%. This is 7% higher than the state rate of 4.8%. The median home value is $518,100. Housing costs are 44% higher than the state median of $359,000. The home-value-to-income ratio of 8.3x suggests that housing affordability is a significant concern for many residents. 30.8% of occupied housing units are owner-occupied. This homeownership rate is 54% lower than the state average of 67.6%.
Race & Ethnicity
The largest racial or ethnic group in Miami is Hispanic or Latino, making up 71.5% of the population. White (non-Hispanic) residents account for 12.1%. The White (non-Hispanic) population (12.1%) is well below the state average of 50.4%. The Hispanic or Latino population is significantly higher than the state average (71.5% vs 27.4%).
Education
37.4% of residents aged 25 and older hold a bachelor's degree or higher. This is 10% higher than the state rate of 34.2%. Nationally, 35.7% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 81.3%.
Data Sources & Methodology
All demographic data for Miami, Florida is sourced from the U.S. Census Bureau's American Community Survey (ACS) 2020–2024 5-Year Estimates. The ACS collects data from approximately 3.5 million households annually and pools five years of responses so that even small communities can be measured, though the margin of error widens as the population falls. Comparisons are made against Florida state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 955 Census-designated places in Florida. Read more about how these figures are produced on our methodology page, or visit data.census.gov for official data.
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Frequently Asked Questions
What is the population of Miami, Florida?
Miami, Florida has a population of 459,745 according to the most recent U.S. Census ACS 5-Year Estimates.
What is the median household income in Miami, FL?
The median household income in Miami is $62,462, which is 23% lower than the national median of $80,734.
What is the poverty rate in Miami, FL?
The poverty rate in Miami is 19.4%. This means approximately 87,838 residents live below the federal poverty line.
What is the racial makeup of Miami, Florida?
Miami's population is 12.1% White, 11.9% Black, 71.5% Hispanic/Latino, and 1.6% Asian.
What is the median home value in Miami, FL?
The median home value in Miami is $518,100. The home-value-to-income ratio is 8.3x.
How educated is Miami, Florida?
37.4% of adults (25+) in Miami hold a bachelor's degree or higher, and 14.8% hold a graduate or professional degree.