Miami Shores Average Income, Population and Demographics

Are you tired of spending 10+ hours searching for demographic and population data for Miami Shores, Florida? We have all of the data you need by state, county, city, and zip code that will save you many hours of research!

In this article, we'll explore most of the 190+ data points we have for Miami Shores, covering popular demographics statistics like household income, race, age and gender, educational attainment, poverty, housing, and transportation.

The data on this page is from the 2021 American Community Survey (ACS) 5-Year survey from the US Census Bureau.

Median Household Income

According to the latest ACS 5-year survey in 2021, the median household income in Miami Shores is $127,721.00.

The chart below shows the average household income by age in Miami Shores.

• Under 25
  $0.00
• 25 to 44
  $153,625.00
• 45 to 64
  $129,145.00
• 65 and over
  $83,068.00

Average Household Income

A very commonly asked question is "what is the average household income in Miami Shores, Florida?". The official term for the average household income is the mean household income. The mean household income is the total income of all households divided by the number of households.

The average (or mean) household income in Miami Shores is $165,746.00.

26.99% of households in Miami Shores, Florida are classed as high income households (making $200,000+ per year).

Household Income Tiers for Miami Shores

We can also look at the household income tiers. This lets you see how many households fall into each of the earnings brackets and what percentage that bracket is of the total number of households.

The chart below shows the household income brackets to see which age groups have the highest median income. The actual data is more granular than these brackets, but we've simplified them into bigger categories to make reviewing the data for Miami Shores, Florida easier to view.

You can purchase the raw data above, which will have the full income tiers with smaller jumps in household income.

• Less than $24,999
  5.75%
• $25,000 to $49,999
  7.54%
• $50,000 to $74,999
  16.08%
• $75,000 to $99,999
  11.74%
• $100,000 to $149,999
  16.06%
• $150,000 to $199,999
  15.84%
• $200,000 or more
  26.99%

Per Capita Income

The per capita income is the average income of all people in Miami Shores, Florida. This is calculated by dividing the total income of all people in Miami Shores by the total number of people in Miami Shores.

It differs from the average or mean household income because it includes all people in Miami Shores and not just the people who earn an income (i.e. children, retirees, unemployed, etc.).

The per capita income in Miami Shores, Florida is $54,189.00.

Population in Miami Shores by Race and Ethnicity

The total population in Miami Shores is currently 11,551 people.

The race and ethnicity of the population in Miami Shores can be very important for social research, economics, and marketing to a multi-culturial society.

Whether you want to target products or services to a particular race or ethnicity, or provide housing and new businesses to improve areas with a larger ethnic minority population, this data is very valuable for discovering suitable areas.

The chart below breaks down the population and percentage for each race and ethnicity in Miami Shores, Florida.

• 39.10% White
  4,518
• 18.40% Black/African American
  2,127
• 0.10% Native
  14
• 34.00% Hispanic
  3,925
• 3.90% Asian
  450
• 0.00% Hawaiian/Pacific Islander
  0
• 3.60% Two or more races
  413
• 0.90% Other
  104

Population of Miami Shores by Age and Gender

Another very important demographics statistic for Miami Shores, Florida is the age and gender of the population. The age and gender of the population can be used to track trends in population growth or decline, and for businesses, the data can be used to identify people important to you and your business need.

In the table below, we show age groups at a 10 year granularity for ease of use. The raw data, which can be purchased above, includes age and gender at a 5 year granularity.

Education Levels

Educational attainment is a very useful statistic that can give insights into other data such as the average household income, unemployment levels, and literacy.

What this means is that it is likely for areas that have higher levels of education to have higher average household incomes, lower unemployment rates, and higher literacy rates.

The chart below shows the educational attainment of the population in Miami Shores, Florida.

• Master's degree or higher
  24.53%
• Bachelor's degree
  51.48%
• Some college or associate's degree
  4.38%
• High school diploma or equivalent
  17.19%
• Less than high school diploma
  2.42%

Unemployment Rates

The unemployment rate is the percentage of the population that is actively looking for work but is unable to find a job. The unemployment rate is a very important statistic for Miami Shores because it can show how many people are actively looking for work and how many people are unable to find a job.

Lower levels of unemployment is generally seen as a positive sign for the economy. It also makes the government in Miami Shores look good because it shows that they are doing a good job of creating jobs, working to capacity, being efficient, and keeping the economy strong.

The unemployment rate is calculated using the total population in Miami Shores, Florida that are over the age of 16.

The current population in Miami Shores that are over the age of 16 is 9,453 people.

The unemployment rate in Miami Shores is 5.80%, which means 3,232 people are unemployed.

Median Age in Miami Shores

The median age is an interesting metric because it gives us an idea of the age distribution of people in Miami Shores, Florida. You know when you see a median age that it is the age where half of the population is older and half is younger than it.

For demographic studies, this can be used to infer and compare date to things such as birth rates, the age of parents, and so on.

An increasing median age can be a sign of an aging population, which can be a sign of a declining population. This is because older people tend to have fewer children and die more often than younger people.

The median age in Miami Shores is 40 years old.

We can also look at the median age by gender to compare the see how each group compares to the total median age:

Median age by gender in Miami Shores

40

Total

43.7

Male

34.9

Female

Households and Families

There are a total of 3,687 households in Miami Shores, and the average household size is 2.85 people.

For families, the total number is 2,609, and the average family size is 3.36 people.

2.80% of those families in Miami Shores, Florida are living below the poverty line.

The table below shows the poverty thresholds for Miami Shores in 2022.

Households and Families by Marital Status

There are four types of household and family, as defined by the Census Bureau:

• Married-couple
• Male householder, no spouse present
• Female householder, no spouse present
• Nonfamily household

In the table below, you can see the total households and families in Miami Shores, Florida for each type, as well as the average sizes.

Housing Data in Miami Shores

There are total of 4,160 housing units in Miami Shores, Florida. Of those units, 3,687 (88.63%) are occupied, and 473 (11.37%) are vacant.

Rental Rates

Of the 4,160 housing units in Miami Shores, 492 (11.83%) are occupied by renters. The median rent paid by renters is $2,050.00.

Owner occupied housing units make up the remaining 76.37% of housing units, with 3,177 housing units in total.

The table below breaks down how much rent is paid by renters in Miami Shores, Florida.

• No rent paid
  18
• Less than $500
  0
• $500 to $999
  0
• $1,000 to $1,499
  114
• $1,500 to $1,999
  122
• $2,000 to $2,499
  100
• $2,500 to $2,999
  60
• $3,000 or more
  96

Property Values

The median value of a property in Miami Shores is $590,100.00.

The table below breaks down the range of valuations for all properties in Miami Shores.

• Less than $50,000
  37
• $50,000 to $99,999
  27
• $100,000 to $149,999
  51
• $150,000 to $199,999
  41
• $200,000 to $299,999
  233
• $300,000 to $499,999
  793
• $500,000 to $999,999
  1,687
• $1,000,000 or more
  308

Property Age

We can also look at the number of properties built in a given year to see the spread of property age in Miami Shores, Florida.

• 1939 or earlier
  711
• 1940 to 1949
  1,177
• 1950 to 1959
  1,261
• 1960 to 1969
  508
• 1970 to 1979
  242
• 1980 to 1989
  62
• 1990 to 1999
  37
• 2000 to 2009
  127
• 2010 to 2013
  35
• 2014 or later
  0

Vehicles Available per Household

Finally, we have data on how many vehicles each household in Miami Shores has. The table below breaks down the number of vehicles available per household.

• No vehicles available
  196
• 1 vehicle available
  982
• 2 vehicles available
  1,660
• 3 or more vehicles available
  849

Commuting to Work in Miami Shores

The time and means of commuting to work are useful metrics to look at because they can be correlated against other data such as income and education level.

Does a longer commuting time indicate a higher average income? If so, has the huge increase in home working during the pandemic changed this?

Using these metrics, we can get a better understanding of the demographics of Miami Shores, Florida, how they commute, and how that correlates to other data points.

The average travel time is 29.9 minutes, and the chart below covers the range of travel times across the population of Miami Shores.

• Less than 5 minutes
  81
• 5 to 9 minutes
  205
• 10 to 14 minutes
  412
• 15 to 19 minutes
  464
• 20 to 24 minutes
  635
• 25 to 29 minutes
  416
• 30 to 34 minutes
  1,028
• 35 to 39 minutes
  300
• 40 to 44 minutes
  240
• 45 to 59 minutes
  791
• 60 to 89 minutes
  250
• 90 or more minutes
  61

We can also look at the means of transport in Miami Shores to see which modes of transport people are using to commute to work.

• Drove alone
  4,190
• Carpooled
  403
• Public transportation
  93
• Walked
  83
• Other means
  114
• Worked from home
  869

Conclusion

Hopefully this article has given you the demographics data you were looking for in Miami Shores, Florida.

If you need more demographics data, or you need the data listed above in spreadsheet form with more granular grouping, head back to the top of this page where you can purchase the complete demographics data for Miami Shores.

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