Miami, United States Population

Miami is located in Florida in the United States. It is the sixth most densely populated city in the United States, with a city population of around 487 thousand people, an urban area population of 6.1 million people, and a population density of 13,512 people per square mile. The city spans over 56 square miles, making it a relatively small city land wise. The city and its suburbs were built on a broad plain of land located between the Everglades and Biscayne Bay. It is split into roughly four neighborhoods (north, south, west, and Downtown), with the heart of the city being Downtown Miami.

Miami is a powerful city when it comes to finance, commerce, culture, arts, and international trade. The city had a GDP of $344.9 billion in 2017 and the city’s downtown core is Florida’s largest and most influential business district. The Greater Downtown Miami has one of the biggest concentrations of international banks in the United States.

PortMiami

Miami is home to one of the largest ports in the United States and the largest cruise ship port in the world. The city is often called the Cruise Capital of the World and it serves millions of passengers a year. In 2017 alone, the port saw over 5.3 million cruise passengers and imported 9.1 million tons of cargo. It has seven passenger terminals and is a large part of the city's tourism economy, which employs more than 144,800 in the Miami-Dade County. More than 15.9 million visitors have come to Miami in 2017, which has added $26 billion to the city's economy. Miami attracts the second-highest number of foreign tourists for any city in the USA, after New York City.

Some of the most popular tourist attractions in the city include Downtown Miami, South Beach, and Brickell City Centre and the city is known for its glamorous nightclubs, beaches, shopping and dining.

Money in Miami

Florida ranks as one of the top five states in the country for young millionaires. The city is so popular with millionaires that research has shown that the metro area has the eight-most millionaire residents in the country. The millionaires of Miami are also making the most money compared to anywhere else in the country, earning an average of $2.3 million annually in 2016—this is 20 times more than the average Miami homeowner.

Miami can be an expensive place to live. While statistics are taking into account exorbitant rents on places that only multi-millionaires could afford, it’s still been calculated that the average person would need to earn $42,000 a year to comfortably afford a one-bedroom apartment and utilities in the city.

Demographics of Miami

Miami has a diverse and multi-cultural ethnic makeup with a large population of Hispanic and Latino residents. The city is a minority-majority population, with non-Hispanic whites comprising only 11.9% of the population (down from 41% in 1970). As of 2010, the census showed that the ethnic makeup of Miami was as follows: 72.6% White American (this includes White Hispanics), 19.2% Black or African American, and 1% Asian.

Almost 70% of the city’s population is of Hispanic descent. Several different backgrounds make up this number, with the largest population being or Cuban origin, with 34%. There are 15% of the population with a Central American background (such as Nicaragua, Honduras, Salvador, and Guatemala) and 8.7% were of South American descent (such as Colombian, Venezuelan, Peruvian, Argentinian, and Ecuadorian). There was 3.2% of the population that were descended from Puerto Ricans, and 2.4% that were Dominican. This Hispanic influence is obvious in the city as much of Miami is bilingual with English and Spanish and there are many restaurants, schools, and Spanish-specific businesses to cater to this populace.