Miami
RANK #630 / 1001 NAT · #17 / 41 FL · POP 2,738,356
1YR FORECAST: -1.2%
5YR OUTLOOK: +26%
Miami-Dade County, located at Florida's southeastern tip, is a large region known for its diverse international culture and tropical climate. A local might first mention the vibrant atmosphere of areas like South Beach, famous for its Art Deco architecture and beaches, or the distinct Cuban-American community in Hialeah. The county is bounded by Biscayne Bay and the Atlantic Ocean to the east and Everglades National Park to the west, offering extensive outdoor recreation opportunities including beaches, parks, and nature reserves for hiking, kayaking, and birdwatching. Commute options include Metrorail, Metrobus, and the free Metromover in Downtown Miami, along with various trolley services.
Life in Miami-Dade County is characterized by its multicultural environment, with over 54% of its population being foreign-born. The public school system, Miami-Dade County Public Schools, is one of the largest in the nation and offers diverse programs, including magnet schools. The economy is driven by tourism, international trade, and finance, with Miami serving as a gateway to Latin America and the Caribbean. Recent economic developments focus on fostering innovation, supporting small businesses, and investing in resilience. However, the county has faced challenges with high living costs and housing unaffordability.
Miami-Dade County is one of 76 U.S. counties in this market profile — stronger than typical on the BoomTown Index. Within this cohort, its recent home-price change of -2.7% runs above the profile's typical -3.7%.
See all 76 Sun Belt Post-Surge Correction counties →Overvalued relative to economy
Prices declining
Below national median (15x)
Housing looks overvalued at 12.2x — home prices are high relative to local economic output. The typical U.S. county is 4–6x.
Estimated local headcount ranges. Larger employers shown as floor + "+"; smaller employers show exact counts where reported.
Bars show trailing 12-month growth. The dashed Forecast bars are the model's next-12-month projection; the whisker marks the ±1% range (cooling–accelerating).
Source: Redfin · Census BPS — Browse sales on Redfin →
Source: CDC/NCHS vital statistics via County Health Rankings (2020–2022 avg). Rates per 100,000 population. Grade based on homicide rate relative to national average (~6.3). Learn more →
Source: EPA Air Quality System (2021–2023). Grade based on 3-year average median AQI. Learn about AQI →
| PROJECT | AMOUNT | STATUS |
|---|---|---|
|
Amazon Fulfillment Center (Naranja)
Amazon
|
$100M | Operating |
|
FPL Miami-Dade Solar Energy Center
Florida Power & Light (FPL)
|
$75M | Operating |
|
Everglades Solar Energy Center
Florida Power & Light (FPL)
|
$74M | Operating |
|
Redlands Solar Farm
Florida Power & Light (FPL)
|
$74M | Planned |
Source: public records, news, corporate announcements. Amounts are estimates where noted.
Bars show percentile rank among all 1001 counties.
At 36/100, Miami-Dade County faces headwinds that place it in the lower third of the 1001 counties we track. Median income of $71,753 combined with job growth of +1.4% suggests the local economy is struggling to keep pace with national trends.
Miami-Dade County leans toward the expensive side. A median home value of $463,000 against an income-to-home-value ratio of 0.15 means housing eats a bigger share of local earnings than the national norm. Renters face $1,829/month on average.
Miami-Dade County is growing on multiple fronts. Population is up +2.0% year-over-year while employers added jobs at a +1.4% clip. Home values shifted -2.7% in the past year.
Not particularly — 0.95% of Miami-Dade County's population moved in from another state, which is below the national average. Most residents are long-term locals rather than recent transplants.