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Downtown Apartments For Rent in Miami, FL

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Apartments for Rent in Miami, FL

The large city of Miami, Florida is home to just under 443,000 people. At an average age of just under 41, the city's population is middle-of-the-pack compared to other cities in Florida, which has an average age of 41. Homeowners tend to be in the minority in Miami, and 70% of residents are renters. The average rent is roughly on par with the state average of $1,153/month.

Miami has an average commute time of about 31 minutes. Many residents (37%) commute to work by car or truck, while public transportation is used by only 5% of the city. Relatively few residents (2%) walk to work, though the number is higher than the national average.

Compared to the national average, Miami has a relatively large number of residents over the age of 25 who have a high school degree or equivalent (22%). In addition, 12% have a Bachelor's degree and 5% possess a Master's or Doctoral degree. Many Miami residents work in one of three industries: entertainment, retail, and healthcare. Together, these industries account for 19% of the city's workforce. Meanwhile, looking at job function, many residents work in sales, as 8% of the city's population reports this as their field of work, the highest number of any career path. Miami workers earn an average annual income of around $54K, less than the average Florida resident. Miami's average income also trails the national average of $73,345.