Miami FL
Florida · Pop. 459,745
Miami, FL: median household income of $62,462, median rent of $1,758/mo, 5.2% unemployment. Our verdict: Needs Work.
Score Breakdown
Key Metrics
Median Income
$62,462
per year
Median Rent
$1,758
per month
Median Home
$518k
home value
Unemployment
5.2%
of labor force
Poverty Rate
19.4%
below poverty line
Avg. Commute
27 min
one way
City Reality Check honest
"Miami, FL Reality Check"
In Miami, the rent-to-income burden runs around 34% — a stretch by national standards. Median income sits at $62,462 and median rent is $1,758/month. A staggering 60% of renters here are housing-cost-burdened — spending 30% or more of their income just to keep a roof overhead. Median home value: $518,100 — that's 8.3× the median income. Only 31% of households own their home — this is overwhelmingly a renter city, which helps explain the landlord leverage problem. Employment picture: 5.16% unemployment — a average employment landscape. Poverty rate: 19.4% — well above the national average. The headline economic numbers hide a bifurcated city. Average commute: 27 minutes — acceptable. Violent crime: 38.5/100k avg monthly rate (6707 reported); Property crime: 218.6/100k avg monthly rate (38036 reported). Miami was founded in 1825 — that's 201 years of history baked into the streets. Elevation: 7 ft — essentially flat — floods are a real conversation. Known as: "The Magic City". Miami has 36 sister cities — cosmopolitan on paper, at least. RoastMyCity overall score: 47/100 — Needs Work.
Local Context
Safety
/100Violent crime: 38.5/100k avg monthly rate (6707 reported); Property crime: 218.6/100k avg monthly rate (38036 reported).