Living in South Miami, Florida
Cost of living, income, home prices, rent and demographics of South Miami · Census data 2020–2024
South Miami has 12,277 residents with a median age of 38.9. The median household income is $94,507 (27% higher than the Florida median), the median home value is $829,400, the median rent is $1,764/month.
South Miami at a glance
- Population
- 12,277
- Median age
- 38.9State: 42.6
- Median household income
- $94,507State: $74,568
- Median home value
- $829,400State: $359,000
- Median rent
- $1,764/moState: $1,669
- Homeowners
- 60.2%
- Bachelor's degree or higher
- 56.3%
- Average commute
- 31 min
Is South Miami a good place to live?
Pros: Median household income 27% higher than the Florida median; unemployment of 3.6%; a poverty rate of 10%.
Cons: Home values 131% higher than the state median; an average commute of 31 minutes.
The weather is best in February–March and November–December.
Cost of living in South Miami
Housing is the biggest part of the cost of living. In South Miami the median home value is $829,400, 149% higher than the U.S. median. Renters pay a median of $1,764 per month, which is 42.8% of household income. Homeowners with a mortgage pay $3,626 a month in housing costs.
South Miami median household income
The median household income in South Miami is $94,507 and the income per person is $57,328. 10% of residents live below the poverty line (Florida: 12.6%).
Housing in South Miami: homes for sale and rent
- Housing units
- 5,177
- Owner-occupied
- 60.2%
- Renter-occupied
- 39.8%
- Vacant
- 9.1%Includes seasonal homes
- Median year built
- 1969
- Average household size
- 2.60
South Miami demographics
- Population
- 12,277
- Median age
- 38.9
- Under 18
- 21.5%
- 65 and older
- 16.2%
- Households
- 4,704
- Foreign-born
- 43%
- Veterans
- 2%Adults 18+
Hispanic or Latino can be of any race. Population history of South Miami ›
Education in South Miami
56.3% of adults 25 and older in South Miami have a bachelor's degree or higher (Florida: 34.1%), and 27.6% have a graduate or professional degree.
Jobs and commute in South Miami
- Unemployment rate
- 3.6%State: 4.8%
- Average commute
- 31 minState: 28 min
- Work from home
- 22%
- Drive alone
- 60.9%
- Public transit
- 7.2%
- Walk to work
- 5.3%
- Homes with broadband
- 93.5%
South Miami vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| South Miami | 12,277 | $94,507 | $829,400 | $1,764 |
| Glenvar Heights | 19,395 | $72,118 | $545,400 | $1,973 |
| Coral Terrace | 24,895 | $80,353 | $582,900 | $1,759 |
| Olympia Heights | 12,399 | $108,958 | $557,500 | $2,124 |
| Pinecrest | 18,462 | $206,417 | $1,406,400 | $1,946 |
| Coral Gables | 49,802 | $134,216 | $1,089,900 | $2,373 |
| West Miami | 7,162 | $61,274 | $488,800 | $2,210 |
| Sunset | 13,535 | $109,401 | $601,300 | $2,118 |
| Westchester | 52,032 | $72,262 | $508,700 | $1,819 |
More for people moving to South Miami
South Miami ZIP code ›Weather and climate ›Living in South Miami: FAQ
What is the median household income in South Miami, FL?
The median household income in South Miami is $94,507, 27% 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 South Miami?
The median home value in South Miami is $829,400, compared with $359,000 in Florida.
How much is rent in South Miami?
The median gross rent in South Miami is $1,764 per month, about 42.8% of household income.
Is South Miami, FL a good place to live?
Pluses: median household income 27% higher than the Florida median; unemployment of 3.6%; a poverty rate of 10%. Minuses: home values 131% higher than the state median; an average commute of 31 minutes.
What is the median age in South Miami?
The median age in South Miami is 38.9 years (Florida: 42.6).
How long is the commute in South Miami?
The average commute to work in South Miami is 31 minutes; 22% of workers work from home.
What is the unemployment rate in South Miami?
The unemployment rate in South Miami is 3.6% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is South Miami?
56.3% of adults in South Miami 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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