Miami-Dade County, Florida

Income Data

+5% vs. Florida average
$68,694
Median Household Income
$37,858
Per Capita Income

At a Glance

Median Household Income
$68,694
+5% vs. state avg
Per Capita Income
$37,858
-4% vs. national
Income-to-Housing Ratio
16.1%
income as % of home value
Rank in Florida
#29 / 67
by median household income

How Miami-Dade County Compares

Miami-Dade County$68,694
Florida Average$65,468
National Median$74,755

Detailed Income Statistics

$68,694
Median Household Income
$37,858
Per Capita Income
$425,400
Median Home Value
16.1%
Income-to-Housing Ratio

Data Story

About Household Income in Miami-Dade County, Florida

Miami-Dade slightly below national median

Miami-Dade County's median household income of $68,694 falls $6,061 short of the national median of $74,755. Despite this gap, the county's diverse economy supports millions of residents across the nation's second-largest metropolitan area.

Slightly above Florida's average

At $68,694, Miami-Dade's median household income exceeds Florida's state average of $65,468 by $3,226. The county ranks in the middle tier statewide, reflecting its position as a major economic engine with mixed-income neighborhoods.

Outpaced by Broward, within reach of Palm Beach

Miami-Dade's $68,694 trails neighboring Broward County's higher-income suburbs but surpasses more rural inland counties. As the anchor of South Florida's tri-county region, Miami-Dade encompasses both affluent neighborhoods and working-class communities.

Housing costs strain budgets

Miami-Dade's rent-to-income ratio of 30.2% exceeds the recommended 28% threshold, signaling that housing consumes a large share of household earnings. With a median home value of $425,400, homeownership requires substantial income or savings for down payments.

Navigate high costs strategically

Miami-Dade residents should prioritize budgeting and emergency savings given housing pressures, but the county's strong job market enables wealth-building through side income and investments. Explore employer retirement plans and speak with advisors about affordability-conscious strategies.

Frequently Asked Questions

What is the median household income in Miami-Dade County, Florida?
The median household income in Miami-Dade County, Florida is $68,694, according to U.S. Census Bureau American Community Survey 2019-2023 5-Year Estimates. This represents the midpoint of all household incomes in the county.
How much do people earn in Miami-Dade County?
The per capita income in Miami-Dade County is $37,858, which represents the average income per person across the entire county population. The median household income — which accounts for all earners in a household — is $68,694.
How does Miami-Dade County compare to the Florida average?
Miami-Dade County's median household income of $68,694 is higher than the Florida state average of $65,468. The per capita income is $37,858, compared to the state average of $35,698.
What is the per capita income in Miami-Dade County, Florida?
The per capita income in Miami-Dade County, Florida is $37,858, according to U.S. Census Bureau American Community Survey 2019-2023 5-Year Estimates. Per capita income is calculated by dividing total personal income by total population, providing an average income figure per resident.
Why is Miami-Dade County income higher than the Florida average?
Miami-Dade County's median household income of $68,694 is higher than the Florida average of $65,468. This difference of $3,226 can be attributed to factors such as local industry mix, proximity to major employment centers, educational attainment levels, and cost of living. Counties with higher incomes often have a greater concentration of professional and technical occupations.
How does Miami-Dade County rank for income in Florida?
Miami-Dade County ranks #29 out of 67 counties in Florida by median household income (1 = highest). With a median household income of $68,694 and per capita income of $37,858, it falls in the middle third of counties statewide.

Income Comparison Calculator

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County median: $68,694 per year

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vs. State Average

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vs. National Median

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Income Adequacy

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Your monthly income ($5,725) vs. median rent ($1,731/mo). A ratio of 3.3x or higher means rent is under 30% of income.

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Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.