Miami Beach, Florida Income Statistics
Miami Beach Wealth Score
The wealth index reflects the overall economic prosperity and financial well-being of an area's residents based on income levels, employment rates, and income inequality metrics.
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B
Miami Beach Around average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Miami Beach | Florida Avg | US Average |
|---|---|---|---|
| Median Household Income | $73,804 | $74,580 | $80,455 |
| Median Personal Income | $58,417 | $52,322 | $60,758 |
| Average Yearly Income Growth | 5.7% | 5.4% | 4.8% |
| Six-Figure Earners | 20.5% | 11.6% | 13.9% |
| $200k+ Households | 17.9% | 11.0% | 13.2% |
The median household income in Miami Beach is about 1% lower than in Florida. Income has been growing faster in Miami Beach (5.7%/yr) than in Florida (5.4%/yr).
About 21% of adults in Miami Beach earn six figures ($100,000 or more) a year, higher than the Florida average of 12%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Miami Beach, Florida grew by 74.5% from 2009 to 2024, reaching $73,804 in 2024. That's an average of about 5.7% per year.
Miami Beach has stayed below the U.S. median household income in every year from 2009 to 2024 and has never reached it. The gap has narrowed from 17% in 2009 to 8.3% in 2024, the closest it has been.
Income Distribution in Miami Beach
How incomes are spread across brackets, compared with the U.S. Pick a range to count who falls in it.
Households by income, 2024
Income range calculator
About 12,845 households (39.5% of all households) have an income of $100,000 or more.
Across the U.S.: 40.2% of all households.
In 2024, 26.9% of households in Miami Beach had an income under $35,000 and 26.0% had $150,000 or more. Across the U.S., those shares were 21.6% and 22.8%.
Compared with the U.S., Miami Beach has a larger share of households earning $200,000 or more (17.9% vs 13.2%) and a smaller share earning $100,000 to $149,999 (13.5% vs 17.4%).
| Household income | Households | Share | U.S. share |
|---|---|---|---|
| Under $10,000 | 2,065 | 6.4% | 5.1% |
| $10,000 to $14,999 | 1,698 | 5.2% | 3.5% |
| $15,000 to $24,999 | 2,607 | 8.0% | 6.4% |
| $25,000 to $34,999 | 2,394 | 7.4% | 6.7% |
| $35,000 to $49,999 | 3,325 | 10.2% | 10.1% |
| $50,000 to $74,999 | 4,378 | 13.5% | 15.5% |
| $75,000 to $99,999 | 3,213 | 9.9% | 12.6% |
| $100,000 to $149,999 | 4,395 | 13.5% | 17.4% |
| $150,000 to $199,999 | 2,626 | 8.1% | 9.5% |
| $200,000 or more | 5,825 | 17.9% | 13.2% |
Shares are of all 32,525 households, one per occupied home whatever its size. Households with zero or negative income are counted in the lowest bracket. Source: ACS 5-year estimates ending 2024 (table B19001).
Residents 15+ by personal income, 2024
Income range calculator
About 11,660 residents (20.5% of residents aged 15 and over) have a personal income of $100,000 or more.
Across the U.S.: 13.9% of residents aged 15 and over.
That is 23.0% of residents who have any income.
In 2024, 10.7% of Miami Beach residents aged 15 and over reported no personal income, 27.8% had some income but less than $25,000, and 28.1% had $75,000 or more. Across the U.S., those shares were 12.8%, 28.7% and 22.0%.
Compared with the U.S., Miami Beach has a larger share of residents earning $100,000 or more (20.5% vs 13.9%) and a smaller share earning $50,000 to $74,999 (12.0% vs 14.3%).
| Personal income | Residents | Share | U.S. share |
|---|---|---|---|
| No income | 6,090 | 10.7% | 12.8% |
| $1 to $9,999 | 5,246 | 9.2% | 11.2% |
| $10,000 to $14,999 | 4,139 | 7.3% | 7.0% |
| $15,000 to $24,999 | 6,413 | 11.3% | 10.5% |
| $25,000 to $34,999 | 5,321 | 9.4% | 9.5% |
| $35,000 to $49,999 | 6,786 | 12.0% | 12.6% |
| $50,000 to $74,999 | 6,800 | 12.0% | 14.3% |
| $75,000 to $99,999 | 4,298 | 7.6% | 8.2% |
| $100,000 or more | 11,660 | 20.5% | 13.9% |
Shares are of the 56,753 residents aged 15 and over, the only people the Census Bureau asks about income, and include those who reported none. A share of the whole population would count children as people without income, while a share of earners alone would hide the 10.7% with no income; the calculator adds that second share whenever your range leaves out people with no income. Source: ACS 5-year estimates ending 2024 (table B19325).
Income Inequality and the Gender Pay Gap in Miami Beach
| Metric | Miami Beach | Florida Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.545 | 0.551 | 0.552 |
| Male Median Income | $78,593 | $60,595 | $69,667 |
| Female Median Income | $53,549 | $50,762 | $56,850 |
| Gender Pay Gap | 31.9% | 16.2% | 18.4% |
The Gini coefficient measures how evenly income is shared between richer and poorer households, from 0 (everyone earns the same) to 1 (one household earns nearly everything). The lower the number, the more equally income is distributed. In Miami Beach, it is 0.545, lower than Florida's 0.551, so income is more evenly distributed here than there, and lower than the US's 0.552, so income is more evenly distributed here than there.
Men's income is about 47% more than women's income in Miami Beach, Florida. Over a 35-year career, a 47% wage gap accumulates to roughly $876,540 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Miami Beach, Florida has widened from about 15% to 32% in 2024. Over that period the gap was narrowest at 14% in 2019. In dollar terms, the gap has widened by $18,606 since 2009.
Sharply against the trend: the pay gap in Miami Beach widened by 16.8 points while Florida's narrowed by 2.5 points.
Employment
| Metric | Miami Beach | Florida Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.8% | 4.8% | 5.2% |
| Working from Home | 23.8% | 15.7% | 15.0% |
| Commute time (minutes) | 23 | 23 | 22 |
Approximately 1,878 people are unemployed in Miami Beach, Florida.
The average commute time in Miami Beach is 23 minutes, about the same as in Florida.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Miami Beach, Florida has fallen from 5.1% to 4.8% in 2024. Over that period the rate peaked at 6.5% in 2012 and fell as low as 3.9% in 2019.
Miami Beach has stayed well below the U.S. unemployment rate in every year from 2011 to 2024 and has never risen above it. It came closest in 2021, at 0.4 points lower. The gap has narrowed from 3.6 points in 2011 to 0.4 points in 2024.
Conclusion
Considering all these factors, Miami Beach, Florida has an overall wealth index grade of B, making it somewhat better than Florida, and somewhat better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Miami Beach, Florida.
How Rich Is Miami Beach, Florida?
Miami Beach has a wealth index grade of B. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a B grade means residents are quite well off compared to the U.S. average. The median household income is $73,804, about 1% lower than the Florida average of $74,580.
Are incomes growing in Miami Beach, Florida?
Between 2009 and 2024, the median household income in Miami Beach, Florida rose 74%, from $42,301 to $73,804. Over the same years, income here outpaced Florida as a whole: +74% against +57%.
What was the median household income in Miami Beach in 2023?
In 2023, the median household income in Miami Beach, Florida was $67,698, up 3% from $65,749 in 2022. The Florida median that year was $71,864.
What was the median household income in Miami Beach in 2020?
In 2020, the median household income in Miami Beach, Florida was $58,880. By 2024 it had risen 25% to $73,804.
How many people earn six figures in Miami Beach, Florida?
Yes. 21% of adults in Miami Beach, Florida earn $100,000 or more a year (about 1 in 5), against 12% (about 1 in 9) in Florida. 18% of households have a combined income of $200,000 or more, compared with 11% in Florida.
What is the Gini coefficient in Miami Beach, Florida?
The Gini coefficient in Miami Beach is 0.545. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is lower than the US average of 0.552, so income is distributed more equally than in the country overall.
How has the income gap between men and women changed in Miami Beach, Florida?
Since 2009, the income gap between men and women in Miami Beach, Florida has widened from about 15% to 32% in 2024. Over that period the gap was narrowest at 14% in 2019. In dollar terms, the gap has widened by $18,606 since 2009.
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