Miami Lakes, Florida Income Statistics
Miami Lakes 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 Lakes Around average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Miami Lakes | Florida Avg | US Average |
|---|---|---|---|
| Median Household Income | $101,024 | $74,580 | $80,455 |
| Median Personal Income | $63,977 | $52,322 | $60,758 |
| Average Yearly Income Growth | 4.9% | 5.4% | 4.8% |
| Six-Figure Earners | 12.5% | 11.6% | 13.9% |
| $200k+ Households | 14.4% | 11.0% | 13.2% |
The median household income in Miami Lakes is about 35% higher than in Florida. Income has been growing slower in Miami Lakes (4.9%/yr) than in Florida (5.4%/yr).
About 13% of adults in Miami Lakes 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 Lakes, Florida grew by 58.4% from 2009 to 2024, reaching $101,024 in 2024. That's an average of about 4.9% per year.
Miami Lakes has stayed well above the U.S. median household income in every year from 2009 to 2024 and has never fallen below it. It came closest in 2013, at 17% higher. The gap has held fairly steady over the period.
Income Distribution in Miami Lakes
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 4,982 households (50.6% of all households) have an income of $100,000 or more.
Across the U.S.: 40.2% of all households.
In 2024, 11.0% of households in Miami Lakes had an income under $35,000 and 26.1% had $150,000 or more. Across the U.S., those shares were 21.6% and 22.8%.
Compared with the U.S., Miami Lakes has a larger share of households earning $100,000 to $149,999 (24.5% vs 17.4%) and a smaller share earning $15,000 to $24,999 (2.4% vs 6.4%).
| Household income | Households | Share | U.S. share |
|---|---|---|---|
| Under $10,000 | 361 | 3.7% | 5.1% |
| $10,000 to $14,999 | 149 | 1.5% | 3.5% |
| $15,000 to $24,999 | 240 | 2.4% | 6.4% |
| $25,000 to $34,999 | 338 | 3.4% | 6.7% |
| $35,000 to $49,999 | 717 | 7.3% | 10.1% |
| $50,000 to $74,999 | 1,346 | 13.7% | 15.5% |
| $75,000 to $99,999 | 1,715 | 17.4% | 12.6% |
| $100,000 to $149,999 | 2,413 | 24.5% | 17.4% |
| $150,000 to $199,999 | 1,148 | 11.7% | 9.5% |
| $200,000 or more | 1,420 | 14.4% | 13.2% |
Shares are of all 9,847 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 2,941 residents (12.5% 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 14.5% of residents who have any income.
In 2024, 13.2% of Miami Lakes residents aged 15 and over reported no personal income, 25.0% had some income but less than $25,000, and 23.2% 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 Lakes has a larger share of residents earning $50,000 to $74,999 (17.5% vs 14.3%) and a smaller share earning $15,000 to $24,999 (7.8% vs 10.5%).
| Personal income | Residents | Share | U.S. share |
|---|---|---|---|
| No income | 3,094 | 13.2% | 12.8% |
| $1 to $9,999 | 2,360 | 10.1% | 11.2% |
| $10,000 to $14,999 | 1,684 | 7.2% | 7.0% |
| $15,000 to $24,999 | 1,819 | 7.8% | 10.5% |
| $25,000 to $34,999 | 2,021 | 8.6% | 9.5% |
| $35,000 to $49,999 | 2,932 | 12.5% | 12.6% |
| $50,000 to $74,999 | 4,101 | 17.5% | 14.3% |
| $75,000 to $99,999 | 2,486 | 10.6% | 8.2% |
| $100,000 or more | 2,941 | 12.5% | 13.9% |
Shares are of the 23,438 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 13.2% 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 Lakes
| Metric | Miami Lakes | Florida Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.526 | 0.551 | 0.552 |
| Male Median Income | $67,969 | $60,595 | $69,667 |
| Female Median Income | $60,658 | $50,762 | $56,850 |
| Gender Pay Gap | 10.8% | 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 Lakes, it is 0.526, 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 12% more than women's income in Miami Lakes, Florida. Over a 35-year career, a 12% wage gap accumulates to roughly $255,885 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 Lakes, Florida has narrowed from about 17% to 11% in 2024. Over that period the gap was widest at 25% in 2017, and was narrowest at 1% in 2022. In dollar terms, the gap has narrowed by $591 since 2009.
Employment
| Metric | Miami Lakes | Florida Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 3.3% | 4.8% | 5.2% |
| Working from Home | 12.2% | 15.7% | 15.0% |
| Commute time (minutes) | 31 | 23 | 22 |
Approximately 536 people are unemployed in Miami Lakes, Florida.
The average commute time in Miami Lakes is 31 minutes, longer than the 23 minutes in Florida.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Miami Lakes, Florida has fallen from 6.1% to 3.3% in 2024. Over that period the rate peaked at 7.0% in 2013 and fell as low as 2.3% in 2018.
Miami Lakes 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 2023, at 1.7 points lower. The gap has narrowed from 2.6 points in 2011 to 1.9 points in 2024.
Miami Lakes, FL Wealth Compared With Nearby Cities
Miami Lakes, FL is the 3rd largest of the 4 cities compared here, 28,041 residents against a local median of 52,206. Where Miami Lakes, FL breaks from the cities next to it is median household income, sitting 58% above the local median of $64,060 at $101,024. That is the better end of the local range on this measure.
Income growth tells the same story from another angle: 4.9%/yr against a local median of 7.2%/yr, 32% below it. The picture is mixed rather than uniform: median household income runs ahead of the neighbourhood while income growth runs behind it, so Miami Lakes, FL is trading one against the other rather than simply out-performing what surrounds it. The cities themselves sit within $20,325 of each other on median household income, a tighter band than the gap between any of them and Miami Lakes, FL, which makes it a genuine outlier here rather than one end of a wide local spread. Miami Lakes, FL has the highest median household income of the 4 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 Lakes, FL | 28,041 | $101,024 #1/4 | 4.9%/yr #4/4 | 3.3% #1/4 | 0.526 #2/4 |
| Country Club, FL | 52,206 | $75,746 | 7.2%/yr | 5.1% | 0.545 |
| Hialeah Gardens, FL | 23,649 | $64,060 | 5.7%/yr | 3.8% | 0.522 |
| Hialeah, FL | 225,005 | $55,421 | 7.9%/yr | 4.1% | 0.543 |
Conclusion
Considering all these factors, Miami Lakes, 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 Lakes, Florida.
How Rich Is Miami Lakes, Florida?
Miami Lakes 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 $101,024, about 35% higher than the Florida average of $74,580.
How fast is household income rising in Miami Lakes, Florida?
Between 2009 and 2024, the median household income in Miami Lakes, Florida rose 58%, from $63,779 to $101,024. Over the same years, income here outpaced Florida as a whole: +58% against +57%.
What was the median household income in Miami Lakes in 2023?
In 2023, the median household income in Miami Lakes, Florida was $97,559, up 6% from $91,847 in 2022. The Florida median that year was $71,864.
What was the median household income in Miami Lakes in 2020?
In 2020, the median household income in Miami Lakes, Florida was $80,821. By 2024 it had risen 25% to $101,024.
Is it hard to find a job in Miami Lakes, Florida?
Unemployment in Miami Lakes, Florida is only 3.3%, well below the Florida rate of 4.8%, a sign of a tight labor market where employers compete for workers.
What is the Gini coefficient in Miami Lakes, Florida?
The Gini coefficient in Miami Lakes is 0.526. 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 Lakes, Florida?
Since 2009, the income gap between men and women in Miami Lakes, Florida has narrowed from about 17% to 11% in 2024. Over that period the gap was widest at 25% in 2017, and was narrowest at 1% in 2022. In dollar terms, the gap has narrowed by $591 since 2009.
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