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Miami-Dade county in the spotlight

23 Dec

A recent report highlights Miami-Dade’s strengths and weaknesses.

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!

However, let’s not forget that 20% of the population still lives in poverty due to a high unemployment rate.

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.

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1 Comment

Posted by on December 23, 2011 in News

 

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One response to “Miami-Dade county in the spotlight

  1. Santa Maria Homes

    December 25, 2011 at 6:47 pm

    Hi Miamicondoideasblog,
    Thanks you for your post, In examining how the housing advertise carried out in 2007, general home product sales fell to an all-time decreased final yr, with some parts of the state’s authentic estate market place fairing far better than other folks.
    Thanks

     

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