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Census: New Arrivals To Miami Are Wealthier, Better Educated

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%.

 

(photo:karen)

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25 Comments on "Census: New Arrivals To Miami Are Wealthier, Better Educated"

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Anonymous
Anonymous

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

Anonymous
Anonymous

That’ll do it. lol.

Anonymous
Anonymous

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

Anonymous
Anonymous

Lmao! awesome!

BDub
BDub

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

Anonymous
Anonymous

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

Anonymous
Anonymous

“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
Anonymous

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

Miami Hurricane
Miami Hurricane

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
Anonymous

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

Anonymous
Anonymous

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
marc

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

Miami Hurricane
Miami Hurricane

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

Anonymous
Anonymous

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
Anonymous

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

aceraroja
aceraroja

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
Anonymous

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
Anonymous

Amazon is coming !

Anonymous
Anonymous

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

Anonymous
Anonymous

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
anonymous

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
Area Realtor

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
Miami Hurricane

Is this a farce?

aceraroja
aceraroja

LOL

Anonymous
Anonymous

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