Official Federal Data
Miami-Dade County, Florida
FIPS 12086 · Miami-Fort Lauderdale-West Palm Beach, FL · Population 2,738,356
9 Sources
Updated June 22, 2026
$71,753 ▲
Median Income
$80,734 national
2.7% ▲
Unemployment
4% national
$260.8B ▲
GDP
34.4% ▲
Bachelor's+
35.7% national
Demographics & Population
Census Bureau American Community Survey 2020-2024 · 5-Year Estimates
Household Income
Source: U.S. Census Bureau · American Community Survey 2020-2024 5-Year Estimates
Median Household
$71,753 ▲
Per Capita
$39,469 ▲
Mean Household
$107,330 ▲
Poverty Rate
14.7% ▼
Median Income Comparison
Miami-Dade County$71,753
Florida$74,568
National$80,734
Population Profile
Source: Census Bureau ACS 2020-2024 · Tables B01001, B02001, B03003
Cohorts
Under 18 · 20%
18-34 · 21.8%
35-54 · 28%
55-64 · 13.2%
65+ · 16.9%
Race & Ethnicity
Hispanic or Latino is an ethnic category and overlaps with the race categories above.
Educational Attainment
Source: Census Bureau ACS 2020-2024 · Table B15003 · Population 25+
83.9%
High School+
National: 89.6%
▼ 5.7 pts
34.4%
Bachelor's+
National: 35.7%
▼ 1.3 pts
13.2%
Graduate+
National: 14.1%
▼ 0.9 pts
Employment Overview
Source: U.S. Census Bureau · American Community Survey 2020-2024 5-Year Estimates
2,738,356
Population
1,450,359
Labor Force
Employed
1,381,253
Unemployment Rate BLS LAUS 2025 annual
2.7% ▲ +0.3 pts YoY
Mean Commute 4 min above national avg
30.9 min
Work From Home vs 15.1% national
14%
Key Takeaways
- Elevated poverty: At 14.7%, the rate is in economically distressed territory and supports federal funding narratives (CDFI, NMTC, EDA).
Economy & Industry
Bureau of Labor Statistics QCEW · Bureau of Economic Analysis
Key Takeaways
- Largest sector: Health Care and Social Assistance employs 179,135 workers (18.7% of tracked sectors), at an average wage of $72,763.
- Economic scale: Regional GDP of $260.8B (2024).
- Wage stratification: Finance and Insurance averages $213,173 while Accommodation and Food Services averages $43,469, a 4.9x spread in the same local economy, with implications for workforce development and talent strategy.
Source: BLS QCEW + BEA Regional GDP.
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Industry Concentration
Location Quotient measures regional specialization vs. national average. LQ > 1.0 = concentrated.
Cluster Depth
Source: BLS QCEW · Sub-sectors with LQ ≥ 1.5 indicate genuine cluster concentration
Dominant Cluster
Transportation & Warehousing Cluster
Coherent grouping of concentrated sub-sectors, signals supply-chain fit for site selectors
58,709
Cluster Employment
22.53x
Peak LQ
Concentrated Sub-Sectors
Water Transportation
22.53x 12,656
Air Transportation
4.45x 20,869
Support Activities for Transportation
3.76x 25,184
Real Estate
2.01x 29,960
Accommodation
1.90x 29,811
Apparel Manufacturing
1.89x 1,218
Clothing, Clothing Accessories, Shoe, and Jewelry Retailers
1.88x 17,584
Merchant Wholesalers, Nondurable Goods
1.86x 33,434
Crop Production
1.85x 7,996
Internet Publishing and Broadcasting
1.78x 4,922
Attraction Opportunities
LQ < 0.5 with ≥ 50 employed, realistic diversification targets. Source: BLS QCEW
0.09x
Animal Production and Aquaculture
188 employed
0.09x
Textile Mills
63 employed
0.15x
Pipeline Transportation
67 employed
0.17x
Primary Metal Manufacturing
495 employed
0.18x
Machinery Manufacturing
1,645 employed
0.20x
Support Activities for Agriculture and Forestry
632 employed
0.20x
Wood Product Manufacturing
664 employed
Key Takeaways
- Top specialization: Water Transportation concentrates at 22.53x the national norm, top-decile concentration, the kind of signature sector that defines a region's economic identity to site selectors.
- Cluster depth: 10 sub-sectors register LQ ≥ 1.5, suggesting an interconnected industrial base rather than reliance on a single employer or sector.
- Attraction whitespace: 8 sub-sectors register LQ < 0.5, candidates for diversification or recruitment depending on labor-market fit.
Source: BLS QCEW sub-sector Location Quotients.
Housing & Affordability
Census ACS · HUD Fair Market Rents FY2026
Housing Overview
Source: Census Bureau ACS 2020-2024 5-Year Estimates · Tables B25001, B25077, B25064
$463,000 ▲
Median Home Value vs 2019
$1,829 ▲
Rent/Mo
52.2% ▲
Owner-Occ
10.9% ▼
Vacancy
6.5x
Home Value to Income Ratio - Stretched
vs. ~4.1x national average
HUD Fair Market Rents
Source: HUD · Fair Market Rents FY2026
Studio
$1,828/mo
1 Bedroom
$1,995/mo
2 Bedroom
$2,436/mo
3 Bedroom
$3,127/mo
4 Bedroom
$3,613/mo
30% of monthly median household income (~$1,794/mo) · rents above this line are typically considered cost-burdened.
Key Takeaways
- Stretched market: Home value to income ratio of 6.5x is well above the ~4.1x national average; attainable workforce housing may be a recruitment friction.
- Elevated vacancy: 10.9% vacancy rate. In resort, rural, and seasonal markets much of this is recreational/seasonal (second homes), not available supply; confirm the vacancy-by-reason split before treating it as a redevelopment opportunity.
- Rent affordability gap: None of the HUD Fair Market Rent bedroom tiers fall below the 30%-of-median-income affordability threshold (~$1,794/mo); workforce housing cost burden warrants attention.
Source: Census ACS housing tables + HUD Fair Market Rents.
Workforce Pipeline
Labor force readiness, commuting, and workforce composition
Labor Market Overview
Source: Census ACS 2020-2024 · Tables B01001, B23025, B08303, B08301
1,726,381 ▲
Working Age (18-64) vs 2019
Mean Commute 4 min above national avg
30.9 min
Work From Home vs 15.1% national
14%
Prime-Age Employed (25-54)
82%
of prime-age population
▲ vs 2019
Education & Talent Pipeline
Source: Census ACS 2020-2024 · Table B15003 · College Scorecard
Bachelor's+
34.4% ▲
HS Diploma+
83.9% ▲
Local & Area Institutions (within ~40 mi)
Total credentials awarded
66,333/yr ▲
18,426/yr
16,153/yr
13,441/yr
6,348/yr
6,259/yr
5,706/yr
Aging Workforce
Source: Census Bureau ACS · Derived from age & employment tables
21%
55-64 of working-age population (18-64)
Elevated retirement risk, above the 20% threshold. Succession planning recommended.
Workforce by Occupation
Source: Census ACS 2020-2024 · Table C24010 · Civilian employed population 16+
Management / Professional
37.5%
Service
19.1%
Sales & Office
21.7%
Construction / Maint.
9.9%
Production / Transport
11.8%
Bars scaled 2× for visual differentiation; percentage labels show actual share of 1,381,253 employed workers.
Key Takeaways
- Talent pipeline: 6 local institutions feed the workforce; the top three combined produce 48,020 annual credentials.
Source: ACS workforce data and College Scorecard.
AI Insights
AI-assisted analysis, drawn from 9 federal data sources
Sample AI Insight
Miami-Dade County shows strong potential for water transportation attraction, with a 22.53x concentration and 12,656 jobs in this sub-sector. It ranks in the top decile nationally.
The interconnected base across water transportation, air transportation, and support activities for transportation creates supply-chain attraction leverage rather than single-employer risk, a structural advantage for industrial recruitment.
Industry Shift Analysis
Manufacturing Automation Risk
High
Healthcare Growth Forecast
+4.2% CAGR
Remote Work Migration
67/100
Prospect Match Scores
Advanced Manufacturing
92/100
Life Sciences
84/100
Data Centers
71/100
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Data Sources
Updated from official federal government data.
Census ACS 5-Year2024
BLS QCEW2025 annual
BLS LAUS (via FRED)2025 annual
BEA Regional GDP2024
Census CBP2023
HUD Fair Market RentsFY2026
FCC Broadband Map2024
USAspending.govFY2026
College ScorecardAY 2022-23
Frequently Asked Questions
Key economic and demographic figures for Miami-Dade County, Florida, from federal data sources.
What is the population of Miami-Dade County, Florida?
2,738,356 (U.S. Census Bureau, ACS 5-Year Estimates).
What is the median household income in Miami-Dade County, Florida?
$71,753 (U.S. Census Bureau, ACS 5-Year Estimates).
What is the unemployment rate in Miami-Dade County, Florida?
2.7% (2025 annual average, U.S. Bureau of Labor Statistics, LAUS).
What is the GDP of Miami-Dade County, Florida?
$260.8B (U.S. Bureau of Economic Analysis, CAGDP1).
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