Miami residents are earning more than they were in 2019 – even after inflation, according to Axios, which cited Census data.
Miami is also outpacing the country, with incomes here growing faster than the U.S. average, the data shows.
After inflation was factored in, the median income in the Miami-Fort Lauderdale-Pompano Beach metro increased 1.8% between 2019 and 2022, from $69,522 to $70,769 (both numbers are in 2022 dollars).
By comparison, the average income for the U.S. as a whole actually fell by 1.6% during the same period.
There was also a sharp rise in the number of households in the Miami area earning over $100k in income.
Overall, 35% of Miami households had income of $100k or more in 2022, up from 28% in 2019.