Living in Miami Shores, Florida
Cost of living, income, home prices, rent and demographics of Miami Shores · Census data 2020–2024
Miami Shores has 11,752 residents with a median age of 36.4. The median household income is $144,050 (93% higher than the Florida median), the median home value is $864,400, the median rent is $2,657/month.
Miami Shores at a glance
- Population
- 11,752
- Median age
- 36.4State: 42.6
- Median household income
- $144,050State: $74,568
- Median home value
- $864,400State: $359,000
- Median rent
- $2,657/moState: $1,669
- Homeowners
- 87.5%
- Bachelor's degree or higher
- 64.1%
- Average commute
- 26 min
Is Miami Shores a good place to live?
Pros: Median household income 93% higher than the Florida median; an average commute of 26 minutes; a poverty rate of 7.6%.
Cons: Home values 141% higher than the state median; unemployment of 5.4%.
The weather is best in February–March and November–December.
Cost of living in Miami Shores
Housing is the biggest part of the cost of living. In Miami Shores the median home value is $864,400, 160% higher than the U.S. median. Renters pay a median of $2,657 per month, which is 35.1% of household income. Homeowners with a mortgage pay $3,709 a month in housing costs.
Miami Shores median household income
The median household income in Miami Shores is $144,050 and the income per person is $59,927. 7.6% of residents live below the poverty line (Florida: 12.6%).
Housing in Miami Shores: homes for sale and rent
- Housing units
- 3,917
- Owner-occupied
- 87.5%
- Renter-occupied
- 12.5%
- Vacant
- 7.1%Includes seasonal homes
- Median year built
- 1954
- Average household size
- 2.80
Miami Shores demographics
- Population
- 11,752
- Median age
- 36.4
- Under 18
- 22%
- 65 and older
- 12.4%
- Households
- 3,637
- Foreign-born
- 30.4%
- Veterans
- 2.1%Adults 18+
Hispanic or Latino can be of any race. Population history of Miami Shores ›
Education in Miami Shores
64.1% of adults 25 and older in Miami Shores have a bachelor's degree or higher (Florida: 34.1%), and 31.5% have a graduate or professional degree.
Jobs and commute in Miami Shores
- Unemployment rate
- 5.4%State: 4.8%
- Average commute
- 26 minState: 28 min
- Work from home
- 24.7%
- Drive alone
- 59.6%
- Public transit
- 0.7%
- Walk to work
- 2.8%
- Homes with broadband
- 95.1%
Miami Shores vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Miami Shores | 11,752 | $144,050 | $864,400 | $2,657 |
| Biscayne Park | 3,085 | $77,083 | $674,300 | $1,529 |
| El Portal | 1,809 | $108,167 | $723,900 | $2,042 |
| North Bay Village | 8,118 | $84,405 | $464,200 | $2,157 |
| North Miami | 60,344 | $57,188 | $365,000 | $1,702 |
| Pinewood | 18,114 | $59,410 | $372,400 | $1,532 |
| Bay Harbor Islands | 5,847 | $89,663 | $653,500 | $2,442 |
| Surfside | 5,631 | $100,208 | $881,700 | $1,866 |
| Biscayne Gardens | 35,472 | $55,165 | $414,800 | $1,534 |
More for people moving to Miami Shores
Miami Shores ZIP code ›Weather and climate ›Living in Miami Shores: FAQ
What is the median household income in Miami Shores, FL?
The median household income in Miami Shores is $144,050, 93% higher than the Florida median of $74,568 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Miami Shores?
The median home value in Miami Shores is $864,400, compared with $359,000 in Florida.
How much is rent in Miami Shores?
The median gross rent in Miami Shores is $2,657 per month, about 35.1% of household income.
Is Miami Shores, FL a good place to live?
Pluses: median household income 93% higher than the Florida median; an average commute of 26 minutes; a poverty rate of 7.6%. Minuses: home values 141% higher than the state median; unemployment of 5.4%.
What is the median age in Miami Shores?
The median age in Miami Shores is 36.4 years (Florida: 42.6).
How long is the commute in Miami Shores?
The average commute to work in Miami Shores is 26 minutes; 24.7% of workers work from home.
What is the unemployment rate in Miami Shores?
The unemployment rate in Miami Shores is 5.4% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Miami Shores?
64.1% of adults in Miami Shores have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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