Miami is a highly populated city located in the state of Florida. The city has a population of 432,622 residents. Miami has a population density of 12,022 people per square mile. This would be considered well above the national population density level. According to the most recent Census, 76% of Miami residents are White, 19% Black and 1% Asian. Additionally, more than a quarter of the population of Miami are of Hispanic or Latino origin, and 70% of the population also speak Spanish.
Are you trying to ascertain if living in Miami is the right fit for your lifestyle? To ensure a great experience before relocating to any new city in Florida, you will probably want to make sure that you check all of the most important boxes. With useful information like amenities, cost of living, weather, education and other key data points, finding the best places to live in Miami and in the areas around Miami is a much easier task.
Miami, FL receives 63/100 for its livability score; this results in a ranking of #797 in Florida and #19,980 in the USA. If we dig a little deeper into each category within the livability score, we see that Miami has higher than average rankings for the following: amenities (A+) and weather (A). On a more negative note, Miami does not have favorable grades for the following: crime (F), cost of living (D-), education (D-), employment (F) and housing (F). If we take a look at the data, we can find out why.
Location, location, location - possibly the three most important words in your search for a new place to live. Fortunately, in Miami, there is no shortage of amazing local amenities and interesting things to do. Some of the interesting things to do and attractions include: Bayside Marketplace, Bayside Marketplace, and Miami Seaquarium.
Jobs are always a hot topic for anyone looking to relocate to a new area. Your chances of finding new employment in Miami is actually far better than most areas. With a low unemployment rate of 0%, finding work should be much easier than the average city.
Being close to public transportation, grocery stores, parks and other conveniences are all important when weighing your options for a new home in Miami. Before you determine if any of these amenities are available in the area, you will also want to know if the real estate prices in Miami are affordable. The median home price for Miami homes is $241,200, which is 44.6% higher than the Florida average. If we take a closer look at the affordability of homes in Miami, we’ll see that the home price to income ratio is 7.6, which is 123.5% higher than the Florida average. For most people, purchasing a new home is the biggest investment they will make in their lifetime. Taking a look at overall real estate appreciation rates in Miami will offer some insight into determining if your home purchase will be a solid investment for years to come. In Miami, the year-over-year appreciation rates were 4.6%, and the 5 year appreciation rates came in at 11.5%.