First of all, Dade County is one of the most affordable big metro areas to live in (see graph below). As you can notice Miami ranks 7th lowest among the 16 major US cities, far behind NYC, Los Angeles and even Fort Lauderdale!
Although Dade’s County unemployment rate is superior to major metro areas, salaries are growing faster than the national average. In the past 10 years, they have risen by 35%. For instance, Miami salaries are above average in few sectors of activity; trade, transportation and utilities, health services, government, leisure and hospitality.
Finally, the area is one of the most cosmopolitan of the US, with 65% of adults’ population born outside the US. Downtown Miami population has doubled in last 8 years.
Yet, one of the most concerning issue in Miami is certainly the lack of education. Only 25.3% of Miami residents do have a bachelor degree. Nevertheless, Dade County has the 3rd largest concentration of people with technical degrees.