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Miami, Florida Mortgage and Housing Information
Population: 362,470
Data Source:US Census Bureau. All figures are from year 2000 unless otherwise noted.
Lifestyle in Miami
Income
| U.S. | Florida | Miami | |
|---|---|---|---|
| Median Earnings | $27,239 | $26,498 | $18,160 |
| Median Earnings, Males | $32,396 | $30,886 | $20,806 |
| Median Earnings, Females | $22,097 | $22,258 | $15,918 |
Males earn $4,888 (30.7%) more than Females in Miami.
Commuting in Miami
Means of transportation to work, workers over 16 years old.
| Means of Transport | Number of People |
|---|---|
| Car, solo | 81,561 |
| Carpooled | 20,622 |
| Public Transit | 14,382 |
| Bicycle | 700 |
| Walking | 4,646 |
| Other Means | 2,020 |
| Total, Commuted | 123,931 |
| Worked from home | 2,608 |
| Total | 126,539 |
Time Spent Commuting in Miami
Time spent commuting in Miami
| Time spent in minutes | Number of People |
|---|---|
| Less than 5 | 1,832 |
| 5-9 | 8,094 |
| 10-14 | 14,858 |
| 15-19 | 21,137 |
| 20-24 | 20,206 |
| 25-29 | 6,890 |
| 30-34 | 24,268 |
| 35-39 | 2,428 |
| 40-44 | 4,059 |
| 45-59 | 8,211 |
| 60-89 | 7,703 |
| Over 90 | 4,245 |
Education
| Level | Number of Males | Percent of Males | Number of Females | Percent of Females |
|---|---|---|---|---|
| Some College | 11,364 | 9.4% | 12,902 | 10.7% |
| Associate Degree | 6,307 | 5.2% | 8,713 | 7.2% |
| Bachelor's Degree | 16,972 | 14.1% | 16,746 | 13.9% |
| Master's Degree | 4,355 | 3.6% | 6,492 | 5.4% |
| Professional Degree | 4,910 | 4.1% | 2,466 | 2.0% |
| Doctorate Degree | 1,451 | 1.2% | 1,361 | 1.1% |
| Total (at least some college) | 45,359 | 37.6% | 48,680 | 38.3% |
| Total over 25 | 120,553 | 100% | 126,967 | 100% |
Housing in Miami
Value of Houses and Condos
| U.S. | Florida | Miami | |
|---|---|---|---|
| Median home value in year 2006 | $185,200 | $230,600 | $315,900 |
Monthly Owner Costs
| U.S. | Florida | Miami | |
|---|---|---|---|
| With a mortgage | $1,402 | $1,425 | $1,757 |
| Without a mortgage | $399 | $431 | $590 |
Tenancy in Miami
| Owner-occupied homes | 48,855 |
|---|---|
| Renter-occupied homes | 86,298 |
| Homes for sale | 2,754 |
| Homes for rent | 6,666 |
| Total | 159,392 |
Ownership of Houses and Condos
Types of mortgages for owner-occupied Houses and Condos in Miami (2006)
| Mortgage Type | Number of Houses and Condos | Percent of total |
|---|---|---|
| Without a mortgage | 18,348 | 37.6% |
| First Mortgage Only | 24,638 | 50.4% |
| Second Mortgage and/or Home Equity Loan | 5,869 | 12.0% |
| Total | 48,855 | 100% |
Age of Miami Residents
| Males | Females |
|---|---|
| 36 | 39 |
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