South Miami has a population of approximately 12,000 (as of 2013), with a media age of 37. The population is pretty consistent with most of Florida, which is approximately 76% Caucasian, 17% African American and 4% Asian. There are slightly fewer married couples (51% compared to the Florida average of 55%), with about 44% of the population having children. South Miami is within 8 miles of the following South Florida neighborhoods: Coconut Grove, Downtown Miami, Islands, Coral Way, Overtown, West Flagler, Flagami, Allapattah and Little Havana.
Cost of Living
The cost of living in South Miami is 24.8% greater than the Florida average, and about 26% greater than the national average. Goods & services, groceries, health care and transportation are all slightly higher in South Miami, with housing being significantly higher than the national average. Utilities in South Miami are slightly lower than the national average.
The median home price in South Miami is $355,200, compared to $181,400 nationally, with median rent at $1,134 (vs. $889). The median home value in South Miami is 108% greater than the Florida average and 95.8% greater than the National average. The median rental rates in South Miami is 14.9% greater than the Florida average and 27.6% greater than the National average.
There are a total of five (5) public and two (2) private schools in South Miami. The student to teacher ratio in South Miami for public schools is 16:1, which is 8.4% less than the Florida student to teacher ratio and 2.7% less than the National student to teacher ratio.
The average income per capita in South Miami is $31,945, with a median household income of $68,965. The unemployment rate is 7.6%. The income per capita in South Miami is 20.8% greater than the Florida average and 13.9% greater than the National average. The median household income in South Miami is 45.8% greater than the Florida average and 30% greater than the National average. The median household income in South Miami for owner occupied housing is 252.6% greater than the median household income for renter occupied housing in South Miami.
The highest average temperature in South Miami is August at 84 degrees. The coldest average temperature in South Miami is February at 69.1 degrees. The most monthly precipitation in South Miami occurs in June with 11.4 inches. The South Miami weather information is based on the average of the previous 3-7 years of data.