Miami-Dade County, Florida Income Statistics
Miami-Dade County Wealth Score
The wealth index reflects the overall economic prosperity and financial well-being of a county's residents based on income levels, employment rates, and income inequality metrics.
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D
Miami-Dade County Well below average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Miami-Dade County | Florida Avg | US Average |
|---|---|---|---|
| Median Household Income | $71,937 | $74,580 | $80,455 |
| Median Personal Income | $47,265 | $52,322 | $60,758 |
| Average Yearly Income Growth | 6.2% | 5.4% | 4.8% |
| Six-Figure Earners | 10.5% | 11.6% | 13.9% |
| $200k+ Households | 11.6% | 11.0% | 13.2% |
The median household income in Miami-Dade County is about 4% lower than in Florida. Income has been growing faster in Miami-Dade County (6.2%/yr) than in Florida (5.4%/yr).
About 10% of adults in Miami-Dade County earn six figures ($100,000 or more) a year, lower than the Florida average of 12%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Miami-Dade County, Florida grew by 67.1% from 2009 to 2024, reaching $71,937 in 2024. That's an average of about 6.2% per year.
Income Inequality and the Gender Pay Gap in Miami-Dade County
| Metric | Miami-Dade County | Florida Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.577 | 0.551 | 0.552 |
| Male Median Income | $53,541 | $60,595 | $69,667 |
| Female Median Income | $46,024 | $50,762 | $56,850 |
| Gender Pay Gap | 14.0% | 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-Dade County, it is 0.577, higher than Florida's 0.551, so income is less evenly distributed here than there, and higher than the US's 0.552, so income is less evenly distributed here than there.
Men's income is about 16% more than women's income in Miami-Dade County, Florida. Over a 35-year career, a 16% wage gap accumulates to roughly $263,095 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-Dade County, Florida has widened from about 13% to 14% in 2024. Over that period the gap was widest at 15% in 2011, and was narrowest at 12% in 2015. In dollar terms, the gap has widened by $2,841 since 2009.
Against the trend: the pay gap in Miami-Dade County widened by 0.6 points while Florida's narrowed by 2.5 points.
Employment
| Metric | Miami-Dade County | Florida Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.6% | 4.8% | 5.2% |
| Working from Home | 14.0% | 15.7% | 15.0% |
| Commute time (minutes) | 30 | 23 | 22 |
Approximately 66,618 people are unemployed in Miami-Dade County, Florida.
The average commute time in Miami-Dade County is 30 minutes, longer than the 23 minutes in Florida.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Miami-Dade County, Florida has fallen from 9.9% to 4.6% in 2024. Over that period the rate peaked at 11.8% in 2013 and fell as low as 4.4% in 2023.
Miami-Dade County, FL Wealth Compared With Nearby Counties
Miami-Dade County, FL is the largest of the 6 counties compared here, 2,733,460 residents against a local median of 398,267. Miami-Dade County, FL's income growth, at 6.2%/yr, runs 18% above the 5.3%/yr typical of the counties around it. That is the better end of the local range on this measure.
The counties themselves spread 1.0%/yr on income growth, so Miami-Dade County, FL sits at one end of an already wide local range rather than apart from it. Miami-Dade County, FL has the highest income growth of the 6 areas compared here.
| Area | Population | Median household income | Income growthAverage yearly change in median household income since 2016. Each year is measured in its own dollars, so this is growth before inflation. | Unemployment | Income inequalityGini coefficient: 0 would mean every household earns the same, 1 that a single household earns everything. The lower the number, the more equally income is shared here. |
|---|---|---|---|---|---|
| Miami-Dade County, FL | 2,733,460 | $71,937 #5/6 | 6.2%/yr #1/6 | 4.6% #4/6 | 0.577 #6/6 |
| Broward County, FL | 1,975,984 | $77,494 | 4.8%/yr | 5.4% | 0.553 |
| Monroe County, FL | 81,860 | $89,372 | 5.0%/yr | 2.8% | 0.518 |
| Palm Beach County, FL | 1,530,264 | $84,275 | 5.3%/yr | 5.5% | 0.552 |
| Collier County, FL | 398,267 | $90,750 | 5.4%/yr | 3.9% | 0.542 |
| Hendry County, FL | 42,373 | $57,352 | 5.7%/yr | 4.4% | 0.563 |
Conclusion
Considering all these factors, Miami-Dade County, Florida has an overall wealth index grade of D, making it about on par with Florida, and somewhat worse than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Miami-Dade County, Florida.
How Rich Is Miami-Dade County, Florida?
Miami-Dade County has a wealth index grade of D. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a D grade means residents are somewhat worse off than the U.S. average. The median household income is $71,937, about 4% lower than the Florida average of $74,580.
How has median household income changed in Miami-Dade County, Florida?
Between 2009 and 2024, the median household income in Miami-Dade County, Florida rose 67%, from $43,041 to $71,937. Over the same years, income here outpaced Florida as a whole: +67% against +57%.
What was the median household income in Miami-Dade County in 2023?
In 2023, the median household income in Miami-Dade County, Florida was $68,622, up 7% from $64,387 in 2022. The Florida median that year was $71,864.
What was the median household income in Miami-Dade County in 2020?
In 2020, the median household income in Miami-Dade County, Florida was $54,508. By 2024 it had risen 32% to $71,937.
What is the Gini coefficient in Miami-Dade County, Florida?
The Gini coefficient in Miami-Dade County is 0.577. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is higher than the US average of 0.552, so income is distributed less equally than in the country overall.
How has the income gap between men and women changed in Miami-Dade County, Florida?
Since 2009, the income gap between men and women in Miami-Dade County, Florida has widened from about 13% to 14% in 2024. Over that period the gap was widest at 15% in 2011, and was narrowest at 12% in 2015. In dollar terms, the gap has widened by $2,841 since 2009.
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