Downtown Miami has a population of approximately 22,747 (as of 2013), with a median age of 39. The population is primarily Caucasian (approx. 82%), with 9% African American and 3% Asian. Approximately 35% of the population have children under the age of 18. Downtown Miami is within 5 miles of the following South Florida neighborhoods: North/South Coconut Grove, Islands, Upper Eastside, Coral Way, Wynwood, Overtown, Model City, West Flagler, Little Haiti, Flagami, Allapattah, and Little Havana.
Cost of Living
The cost of living in Downtown Miami is 7% greater than the Miami average, and about 18% greater than the national average. Goods & services, groceries, health care and transportation are all slightly higher in Downtown Miami, with housing being moderately higher than the national average. Utilities in Downtown Miami are slightly lower than the national average.
The median home price in Downtown Miami is $258,143, compared to $181,400 nationally, with median rent at $1,411 (vs. $889). The median home value in Downtown Miami is 10% greater than the Miami average and 51% greater than the Florida average. The median rental rates in Downtown Miami is 53% greater than the Miami average and 43% greater than the Florida average.
The average income per capita in Downtown Miami is $42,154, with a median household income of $55,373. The unemployment rate is 5.0%. The income per capita in Downtown Miami is 102% greater than the Miami average and 59% greater than the Florida average. The median household income in Downtown Miami is 86% greater than the Miami average and 17% greater than the Florida average.
The highest average temperature in Downtown Miami is August at 84 degrees. The coldest average temperature in Downtown Miami is February at 68 degrees. The Downtown Miami weather information is based on the average of the previous 3-7 years of data.