Census: New Arrivals To Miami Are Wealthier, Better Educated

Miami’s new residents have higher income and a better education than those they replace, according to a new study.

Census data of domestic migrants to and from the Miami-Fort Lauderdale-Port St. Lucie, FL Combined Statistical Area during the 2005 to 2016 period was analyzed by Buildzoom economist Issi Romem.

Overall, the median household income of those migrating into Miami was $47,849, compared to an income of $40,427 of those who left Miami for elsewhere in the U.S. The difference was $7,422, which on a percentage basis was among the highest of any major area.

Arrivals to Miami were also better educated, with 42.74% of a heads of households having at least a 4-year degree. Of those migrating elsewhere, just 37.4% had a degree.

New arrivals were also more likely to be homeowners (31.15% compared to 27.27% for those leaving.)

The age of domestic arrivals was higher at 46.78, compared to 44.15 for those leaving.

Overall the Miami CSA grew from 5,962,227 in 2005 to 6,764,075 in 2016, or 13.4%.

 

 

 

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Anonymous
2 years ago

Wealthier maybe, but not better educated than natives like me. 🙂
I have watched Jeopardy Monday through Friday for the past 3 decades.lol.

Anonymous
2 years ago

That’ll do it. lol.

Anonymous
2 years ago

Go get em Tiger !! Show them how its done. lol…

Anonymous
2 years ago

Lmao! awesome!

BDub
2 years ago

I’m a former Jeopardy contestant.
Came in third.

Anonymous
2 years ago

Aren’t there only 3 contestants per show ?? lol. Or was it a tournament ?

Anonymous
2 years ago

“but not better educated than natives like me. ?
I have watched Jeopardy Monday through Friday for the past 3 decades.lol”

Oh yeah, you think you’re smart? I stayed at a Holiday Inn Express last night and have done it at least three times a year for the last ten years!!!

Anonymous
2 years ago

*Sigh* and there is always “that guy”. Lol

Miami Hurricane
2 years ago

I like the improvements, but I always hesitate before reading into census data when it comes to Miami and this is why:

The data is used from the American Community Survey which is run by the U.S. Censeus Bureau. Census takers had a very difficult time collecting samples in 2010. The city overall had a phobia and unwillingness to engage. You can allude it to the financial conditions in the nation and local market, the local culture, or simple mistrust. Further, you have others who live and work down here, but maintain residences out of state (example: number of non-Florida license plates seen on US1 at any given time).

So whenever you read into it, use your own judgment to try and determine how and where the data is skewed.

Anonymous
2 years ago

Nice.
Wealthier, Better Educated, rude, and arrogant.

Anonymous
2 years ago

Well this doesn’t fit into some peoples narrative about foreigners and out of towners.. but makes sense.. South Florida is expensive so you better get educated and make a good living.

marc
2 years ago

I think this is only regarding domestic new arrivals and not foreigners.

Miami Hurricane
2 years ago

The source is titled “Characteristics of Domestic Cross-Metropolitan Migrants”

Anonymous
2 years ago

Is becoming harder to live in Miami on a household of $47,849 per year. Does not matter how many degrees you have, if you move to Miami with college debt you are already living pay check to pay check.

Anonymous
2 years ago

I fell you. I was there. Quit the rate race. In Miami … you can.
All the best

aceraroja
2 years ago

What this actually says is: documented US residents who move to Miami displace others of the same legal status by being richer. It’s called gentrification and it’s happening at a regional level. All this and Miami’s wealthy neighborhoods are still basic as hell lol

Anonymous
2 years ago

Many of this affluent educated immigrants are moving to the Historic Miami wealthy neighborhoods, creating friction with the historic middle-class baby boomers residents, who in the name of preserving the “Old Miami” will fight any redevelopment that will bring minorities closer to their secretly segregated waterfront neighborhoods.

Anonymous
2 years ago

Amazon is coming !

Anonymous
2 years ago

compared to the schlepers that live here already that’s not a surprise.

Anonymous
2 years ago

A welcomed sign vs. those who grew up here complaining about everything under the sun, literally! Go live somewhere else and see how much you took for granted and never appreciated what you have/had. Bring on the new perspectives!

anonymous
2 years ago

So TRUE. I started to complain about Miami about two years ago. I grew up in Miami. I decided to try another state. Well 9 months later… I am heading back to Miami. Can’t wait to get home. We live in paradise. Nothing like Miami baby!

Area Realtor
2 years ago

You need to thank your area realtor for such wonderful growth in bringing in wealthier and more educated people. As professionals, we bring in only professional talented people from other states, or abroad. Never would we consider otherwise. Remember, if buying real estate never consider doing it alone via zillow, but contact a realtor with the knowledge and expertise required.

Miami Hurricane
2 years ago

Is this a farce?

aceraroja
2 years ago

LOL

Anonymous
2 years ago

LOL I’m a broker and I find this hilarious!