Miami Beach has a population of approximately 55,628 (as of 2013), with a median age of 39. The population is primarily Caucasian (approx. 77%), with 5% African American and 2% Asian. There are fewer married couples (42% compared to the Florida average of 55%), with about 40% of the population having children under the age of 18. Miami Beach is within 8 miles of the following South Florida neighborhoods: North/South Coconut Grove, Downtown Miami, Islands, Upper Eastside, Coral Way, Wynwood, Overtown, Model City, Little Haiti, Allapattah and Little Havana.
Cost of Living
The cost of living in Miami Beach is 22% greater than the Florida average, and about 23% greater than the national average. Goods & services, groceries, health care and transportation are all slightly higher in Miami Beach, with housing being moderately higher than the national average. Utilities in Miami Beach are slightly lower than the national average.
The median home price in Miami Beach is $333,000, compared to $181,400 nationally, with median rent at $1,076 (vs. $889). The median home value in Miami Beach is 95% greater than the Florida average and 84% greater than the National average. The median rental rates in Miami Beach is 9% greater than the Florida average and 21% greater than the National average.
There are a total of seven (7) public and ten (10) private schools in Miami Beach. The student to teacher ratio in Miami Beach for public schools is 18:1, which is 7% greater than the Florida student to teacher ratio and 13% greater than the National student to teacher ratio.
The average income per capita in Miami Beach is $43,690, with a median household income of $43,321. The unemployment rate is 4.5%. The income per capita in Miami Beach is 65% greater than the Florida average and 59% greater than the National average. The median household income in Miami Beach is 8% less than the Florida average and 18% less than the National average. The median household income in Miami Beach for owner occupied housing is 115% greater than the median household income for renter occupied housing in Miami Beach.
The highest average temperature in Miami Beach is August at 84 degrees. The coldest average temperature in Miami Beach is February at 68 degrees. The Miami Beach weather information is based on the average of the previous 3-7 years of data.