Miami-Dade County, Florida
Income Data
U.S. Census Bureau ACSAt a Glance
Economic Indicators
How Miami-Dade County Compares
Detailed Income Statistics
Income Advisory: Miami-Dade County
Income Verdict
Miami-Dade County has a median household income of $68,694 and per capita income of $37,858 — a gap of $30,836, suggesting a typical mix of dual-income and single-earner households.
Housing Affordability
At $1,731/month, median rent in Miami-Dade County consumes roughly 30.2% of monthly household income, indicating moderate cost burden.
Economic Context
A median household income of $68,694 suggests moderate-to-strong purchasing power, generally sufficient to cover essentials with room for discretionary spending in most markets. Per capita income of $37,858 is in line with national norms for individual earners.
Neighbor Context
Miami-Dade County earns approximately 4.9% above the Florida state median household income of $65,468, positioning it favorably within the state.
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
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Income Comparison Calculator
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Your income is above the Miami-Dade County median
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
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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Compare RatesData: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.