Boomtown: Miami Has Been Named One Of America’s Top Growth Cities In A New Analysis

Strong economic and population growth led financial site SmartAsset to name Miami as one of America’s top boomtowns.

Miami ranked fourth nationwide in the analysis, and was the top big city.

Analysts looked at government data from 500 cities for the ranking.

Here is how Miami scored in key metrics:

  • 5 year population change increase of 9.43%
  • 5 year average yearly GDP growth of 3.39%
  • 5 year change in number of establishments 8.79%
  • 5 year housing growth rate 10.11%
  • 5 year change in median household income 31% (second highest in the top 10)

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Go Miami go!

Wonderful news! Keep building new and tall beautiful modern glass towers. Also, build that mega mall out west and build a huge high end destination resort casino in the Brightline area! Forget the no no no people of too much parking, sea level rise, and more bike lanes. They just hold progress and our City back.

Anonymous

But they can’t stop CAPITALISM.

Anonymous

See some of you other developers.. follow Melo’s lead or sell and get outta the way.

Roy

More big bldgs in downtown and Brickell with zero expansion of mass transit to other important areas of the county.

Anonymous

Okay, we’ve read enough comments about the lack of mass transit on this site, no need to cry about it anymore.. move on.

Anonymous

THIS JUST IN: The people who live in these big downtown buildings have very little reason to take mass transit OUT to the “important areas” of the county.

Not Gene

But downtown is the largest employment center in the tri-county metropolitan area, so expanding mass transit to it would greatly alleviate congestion.

Anonymous

That’s great but missed opportunities. Instead of building a City for the future nearly every City is growing with the failed practices of the past.

O well.

Anonymous

I love how people like you try to make yourself sound smart by uttering statements like that as if you wrote a book on how to build flawless a city.

Anonymous

He was the Sim City champ of his block !

Anonymous

The guy said absolutely nothing…with a capital City.

LAURA DE ARMAS

THERE IS A REASON WHY!!
MAGA2020 – LETS KEEP THIS TRAIN GOING!

POLO

PLEASE GO BACK AND FINISH DRINKING YOUR KOOL-AID!!

Anonymous

Sorry, he can’t.. he’s too busy doing cartwheels over Trump killing that Iranian General… you know, a “tail wagging the dog” tactic.

Anonymous

It is a geat movie. Dustin Hoffman and Robert De Niro ar their best.

Anonymous

#KAG

Anonymous

Find a seat and sit down

Anonymous

No shore power and Metromover extension to American Dream SMDH.

Anonymous

That’s they have mopeds for you to rent.

Anonymous

Miami is leading the nation in so many different categories. It is a testament to hard the work of some really great individuals coming together for the love of there community.

Sadly, there are some individuals who will not get this message. Even when the evidence is right in front of their eyes.

Anonymous

Have to agree with you there. Instead of looking to the future, they want to maximize gains now in the short term at the cost of long term vision and planning. Infrastructure among other things, is decades behind other developed countries.

Anonymous

Most dummies posting go here never even been to Miami

Anonymous

How’s business?

Anonymous

Boomers are better for real estate. They prefer to actually buy property unlike most millennials who usually rent and don’t save for down payments.

(Before you say “ok boomer”, fyi I’m a millennial)

Dokter

Ok, millennial, the term “boomtown” has nothing to do with baby-boomers.

Anonymous

ok boomer!

Anonymous

Millennials prefer to rent? haha. More like have no choice due to student debt and stagnant entry level wages.

Anonymous

Most of them should of never went to college and got into the trades. And they still afford to eat out and be “dog moms”. So they’re misusing their money.

Anonymous

Boomers were handed a world power and then completed f’d it up.

Anonymous

Hmmmm… interesting you said that while sitting behind one of the boomers creation – the personal computer.

Anonymous

Boomers invented the www, ethernet, PC, cell phones, USB, scanning tunneling microscope, DNA fingerprinting, artificial heart, Bacterial Cement, Viagra, portable dialysis machine, Segway Transporter, text to speech technology, synthetic skin, nano-scale motor, lithium-ion batteries…..and more.
Millennials have a lot to build on….

Anonymous

Boomers also created climate change and extreme income inequality from their greed. So much to fix, you mean.

Anonymous

Get educated.
Learn about the Prieto Principal.

Anonymous

Actually, personal computers came from technology created by The Greatest Generation in the 1970s; think Douglas Engelbart, but nice try, Boomer!

Anonymous

You’re wrong Charlie

Anonymous

Hey clueless one, the “Personal Computer” was invented by baby boomers. Nobody said baby boomers invented computer technology.

Anonymous

Saying Boomers invented the personal computer alone is just wrong. They built upon existing technology that the generation before them had actually created and improved upon for decades before Boomers even could fathom personal computers. Without the work of Bell Labs, IBM, and the likes, Boomers would have had not the cornerstones required to “invent” personal computers.

Anonymous

“Boomers were handed a world power and then (completed) f’d it up”

Dude wanna insult people but don’t know what the correct word is.

Hey numbskull.. the correct word is “completely.”

Anonymous

You should HAVE gone to college so you could learn that buying in Miami is one of the riskiest investments you could make. I’ll take my avocado toast and dog over a volatile RE market any day.

Anonymous

What?
This is simply not true.

Anonymous

They can move to Hong Kong if they do like it here

Anonymous

Renting is often a better option financially, especially with condos.

Anonymous

Sometimes…
Rarely will your rent ever go DOWN in any 5 year period, and never in a 10 year period.
Once you buy a property (even a condo) with a 30yr or 15 yr note, your monthly payment stays the same.

I practice what I preach. After growing out of my 1 bed, young people have been renting it from me. Currebtly, a millenial pays $1,800 which way more than covers CAM, Taxes, & Ins. and MY mortgage. I hope that he continues to think renting is a good investment for 4 more years.
The last millenial paid my mortgage for 5 years. And the person before that for 4 years.

Anonymous

I rent a condo where my rent barely clears $250/mo over my landlord’s carry WITHOUT the condo special assessments (which are large and frequent–it’s an older oceanfront condo). Also, my landlord has no mortgage. If he did, he’d be totally screwed. The previous condo I rented, the rent went up by $100 in 8 years. Don’t be so sure your situation is the rule. Maybe on low buck chuck inland $150K condos it’s cheaper to buy than rent, but for condos worth around $500K and up oceanfront I haven’t found that to be the case. The condo fees and assessments are a deal killer.

Anonymous

Millennials have more options when it comes to where they wanna work and moving around because mainly, most have no choice. I mean, look at areas in this country that became the rust belt and what happened to auto manufacturing and steel mills for example.

Anonymous

Yep, I moved from the rust belt to Miami 25+ years ago.

Anonymous

I suspect that Millenials want to buy, but cant. They will when the Students Loans get paid down and they receive a few raises and bonuses.

Anonymous

Please… most of them are waiting for mom and dad to die so they get the house.

Anonymous

The demand for suburban living is greatly decreasing with millennials. Not all millennials are leaving SF houses in the burbs, but there is a trend across the nation showing the move to MF dwellings like condos in denser urban areas is the preference today. So most likely, no, they aren’t waiting for their parents to die to inherit a house. They’re probably waiting to pay off student loan debt. It’s amazing how college tuition has skyrocketed much like Miami’s housing market did from the 90s to pre recession (2008 not the small 2001 recession) yet wages remain stagnant when adjusted for inflation and COLA.

Anonymous

It’s not a demand for a certain type of housing. It’s a demand to live in an area with job opportunities. People don’t care if they live in this type of house or that. They just want to live near that high powered coding job, not that dead end non-stem job asking “if you want fries with that”. They are terrified of being left behind.

Not Gene

I don’t disagree with you, but there have also been studies showing preference for housing types by generation. Look at all the different sources cited here. Ranging from Ivy League professors to large brokerage firms. https://www.businessinsider.com/millennials-not-buying-big-houses-mcmansions-real-estate-2019-8