The Miami metro is home to 6,138,876 people (up 1.1% over five years), with a median household income of $73,481. Typical rent of $2,654/month works out to 43.3% of the median household income — above the 30% affordability threshold, a strain signal (Census ACS + Zillow, September 2026).
The share of Miami's workforce by sector — the base of tenant demand:
| Sector | % of workforce |
|---|---|
| Education & health care | 20.8% |
| Professional & management | 14.8% |
| Retail trade | 11.5% |
| Arts, food & hospitality | 10.2% |
| Construction | 8.2% |
Education & health care is the metro's largest employment base — sectors like education and health care are recession-resilient anchors for rental demand.
Rents at 43.3% of median income leave little headroom — expect tenant price sensitivity. Market pricing, yields and the Star Score live on the Miami market page; run a deal in the calculator.
At the 30%-of-income affordability rule, typical rent of $2,654/month suggests a household income around $106,000/year. The metro's median household income is $73,481.
By workforce share: Education & health care (20.8%), Professional & management (14.8%), Retail trade (11.5%) (Census ACS 5-year).