CNBC: Americans Are Flocking To Miami, Where Wages & GDP Are Growing Faster Than Almost Anywhere

Miami’s population is booming, fueled by one of the highest growth rates in income and GDP, according to a new CNBC report.

According to the analysis, Miami is a “boomtown,” with population growth of 10.7% over the five year period from 2012 to 2017.

Personal income growth in Miami from 2012 to 2017 was 17.7%.

GDP growth during the same five year period was 29.4%.

CNBC cited a ranking from personal finance website GOBankingRates.

To compile the list, five-year data on population, housing, GDP and per capita income from the U.S. Census Bureau’s 2017 American Community and the Bureau of Economic Analysis was studied. Only cities with populations under 500,000 were included.

 

 

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Anonymous
1 year ago

17.7% of 35000 a year.

Anonymous
1 year ago

Wow, a lot of Debbie Downers commenting here today…must be the Monday!

Anonymous
1 year ago

americans flocking to miami? i read an article in the miami herald about a slow down in the population growth of miami. who is right or wrong?

Anonymous
1 year ago

Both are right. CNBC stats are up to 2017, while Miami Herald dwells a lot on 2018. Miami is becoming an overly expensive glamour town so working class folks are leaving, but since the inflow of money continues unabated, the economic boom continues. South Florida is becoming rich people’s preserve, both attractive and unaffordable.

Anonymous
1 year ago

Thought the same lol

Anonymous
1 year ago

Not Americans….all illegals are hiding in plain site there… drug money also rules

Anonymous
1 year ago

Hopefully this is spread among all income levels/locals and not just people buying addresses for tax purposes and skewing the numbers.

Anonymous
1 year ago

“Personal income growth in Miami from 2012 to 2017 was 17.7%.”

This is been based on numbers from a recession in 2012 to average wages in 2017..

Anonymous
1 year ago

Are you kidding? This article compares growth from 2012 – 2017. Yea there was a spike during those years. We had just come out of a recession. But people are moving out… they have been moving out since 2017… headed north. Huge boom in Tampa, Naples and Orlando areas.

Books on tape
1 year ago

Coming from the Northeast, this is hands down the best city in this country from a lifestyle perspective.

Anonymous
1 year ago

Miami winning.

Anonymous
1 year ago

We moved to Texas only because wages didn’t grow and properties are getting unaffordable.

Anonymous
1 year ago

Really? Then why are our school almost empty? And hourly school employees who make minimum wage are getting their hours cut? Teachers are not getting pay cuts, it is the people who make the least that are getting the shaft. Wynwood is so gentrified by now that people are leaving. It has become another South Beach or Mary Brickell Village. A city for the rich. We don’t see the growth anywhere. And no, it is not “Americans” flocking to Miami.

Anonymous
1 year ago

Lots of Americans moving here….South Americans, Central Americans

US gringo Americans won’t move south of Boca anymore

Anonymous
1 year ago

Great, lets build more highways and parking garages to support all these new people.

Anonymous
1 year ago

We can have the highways (with tolls every quarter mile of course) feed DIRECTLY into the parking garages!

Anonymous
1 year ago

Need to double deck 95 asap!

Anonymous
1 year ago

Triple stack that baby!

Anonymous
1 year ago

that would take at least 50 years to do.. lol

Polo
1 year ago

We are already building a double decker at portions of the SR 836. There are also plans for a double decker for portions of the Palmetto Expressway. As we continue to grow, we are probably start getting a triple decker here and there.

Anonymous
1 year ago

Bet you dont know that gullible isnt in the dictionary do you Polo?

Anonymous
1 year ago

Lol..Miami is behind tiny cities in North and South Dakota, the study is nonsense.

Anonymous
1 year ago

I agree. Pure nonsense. Have been thru many Miami “booms” the past 30 years. In spite of all the media hype, All turned out to be fake. For example, Does anyone who lives here really believe the Edgewater and the Design District are “hot?” South of Fifth is a ghost town most of the time. The “build it (condos and retail) and they will come mentality” brings no real people who might actually live and shop in Miami. Yes, congestion on the roads and streets is definitely getting worse. But the population increase is temporary – mostly construction workers and tourists. They’ll be gone when the boom (fueled by easy money i.e. not career -based salaries) is over. Every building wave generates more empty storefronts and restaurants at end of initial leases. The condos are mostly used as banks for people who really live/shop and work somewhere else.

Common sense
1 year ago

All the added congestion is construction workers and tourists? You lost all attention and feasible intelligence there

Anonymous
1 year ago

Reads like someone who doesn’t live here or is blind.

Anonymous
1 year ago

“But the population increase is temporary – mostly construction workers and tourists.”

What you wrote would make sense if “construction workers and tourists” were a recent phenomenon in Miami.

Anonymous
1 year ago

That’s great but Suarez and Gimenez need to get busy and build some real mass transit infrastructure.

Anonymous
1 year ago

I hope florida is not turning blue.

Anonymous
1 year ago

The whole country will turn blue after this mess we got in the Oval Office. Sooner or later people will open their eyes.

Anonymous
1 year ago

It looks like you don’t realize that Florida has it own Mason Dixon line.

Anonymous
1 year ago

Depends on who’s retirees move down here the fastest.

Anonymous
1 year ago

ñoooo, mas gringos 🙁

Anonymous
1 year ago

go back where you came from

Anonymous
1 year ago

lol pendejo this is the US somos todos gringos

Anonymous
1 year ago

I think you’re in the wrong country.