Miami-Dade County, Florida: commercial real estate data.
Miami-Dade County, Florida had an estimated 2,838,461 residents on July 1, 2024, up 5.1 percent since the 2020 census base of 2,701,751, across 1,898 square miles. County output reached $260.84 bn in 2024, 98,394 establishments operate here, and the SBA record carries 5,477 7(a) approvals worth $2.27 bn since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
Miami-Dade County
How many people live in Miami-Dade County
- Population, American Community Survey 2020-20242,738,356
- Households975,411
- Average household size2.81
- Median household income$71,753
- Median age40.7
- Median gross rent$1,829 per month
- Median owner-occupied home value$463,000
- Home value to household income6.5 times
- Annual rent as a share of median income30.6 percent
- Adults 25 and over with a bachelor degree or higher34.4 percent
- Adults 25 and over with a graduate degree13.2 percent
- Adults 25 and over1,964,800
- Population under 18548,079
- Share under 1820.0 percent
- Population 65 and over463,896
- Share 65 and over16.9 percent
- Working age population, 18 to 641,726,381
- Civilian labor force1,447,896
- Unemployment rate4.6 percent
- Labor force participation, adults 18 and over66.1 percent
- Rank by population among Florida counties1st of 67
- Rank by population among US county-equivalents, Puerto Rico included7th of 3,222
Miami-Dade County is the 1st largest of 67 Florida counties by population. A median home costs 6.5 times median household income, which is severely unaffordable by national standards. Residents under 18 outnumber those 65 and over, at 20.0 percent against 16.9 percent, a household formation profile rather than a retirement one.
US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Miami-Dade County
Is Miami-Dade County's population growing?
- Population, July 1, 20242,838,461
- Census 2020 base population2,701,751
- Population change since the 2020 census base5.06 percent
- Population change, 2023 to 202464,211
- Births, 202429,253
- Deaths, 202421,284
- Natural change, 20247,969
- Net domestic migration, 2024-67,418
- Net international migration, 2024123,835
- Total net migration, 202456,417
- Cumulative net domestic migration, 2021 to 2024-197,653
- Rank by growth among US county-equivalents521st of 3,144
The county has grown 5.06 percent since the 2020 census base. The population grew in 2024 from both sources: births exceeded deaths and more people moved in than left.
US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
Miami-Dade County
Where are people moving to Miami-Dade County from?
- Tax returns filed by households arriving45,873
- People arriving, from those returns70,827
- Tax returns filed by households leaving59,992
- Net household movement-14,119
- Adjusted gross income arriving$8.06 bn
- Net adjusted gross income movement$2.13 bn
- Average income of an arriving household$175,619
- Average income of a leaving household$98,801
- Largest single originBroward County (10,323 households)
- Largest single destinationBroward County (17,387 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Broward County | 10,323 | 16,678 | $660.5 m |
| New York County | 1,873 | 2,676 | $1.61 bn |
| Palm Beach County | 1,681 | 2,515 | $173.7 m |
| Los Angeles County | 1,166 | 1,665 | $205.9 m |
| Kings County | 1,107 | 1,659 | $169.9 m |
| Orange County | 1,072 | 1,633 | $66.8 m |
| Hillsborough County | 866 | 1,301 | $44.1 m |
| Queens County | 826 | 1,243 | $73.6 m |
Households arriving report $76,818 more average income than households leaving, so the migration is raising local spending power rather than just moving it around. The largest single source of arrivals is Broward County, which is the catchment a retail or multifamily study should look at first.
US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Miami-Dade County
What is the Miami-Dade County economy?
- County GDP, 2024$260.84 bn
- County GDP, 2023$244.80 bn
- GDP change, 2023 to 20246.6 percent
- GDP change over five years55.8 percent
- Rank by GDP among the Florida areas BEA publishes1st of 67
- Rank by GDP among the US county areas BEA publishes12th of 3,127
- GDP per resident$95,253
Output grew 6.6 percent in the latest year and 55.8 percent over five, which is the trend line a lender will read behind any single year figure.
US Bureau of Economic Analysis, Regional, table CAGDP2, CAGDP2, through 2024.
Miami-Dade County
Employment by industry in Miami-Dade County
- Covered employment, annual average1,257,569
- Establishments reporting123,309
- Average annual pay$77,609
- Average weekly wage$1,492
- Health care and social assistance, employment174,494
- Health care and social assistance, average annual pay$69,789
- Retail trade, employment141,502
- Retail trade, average annual pay$50,481
- Accommodation and food services, employment132,352
- Accommodation and food services, average annual pay$41,505
- Professional, scientific and technical services, employment98,839
- Professional, scientific and technical services, average annual pay$123,827
- Transportation and warehousing, employment93,155
- Administrative and support and waste management services, employment74,922
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Health care and social assistance | 174,494 | 15,184 | $69,789 |
| Retail trade | 141,502 | 12,310 | $50,481 |
| Accommodation and food services | 132,352 | 7,042 | $41,505 |
| Professional, scientific and technical services | 98,839 | 22,276 | $123,827 |
| Transportation and warehousing | 93,155 | 4,346 | $79,468 |
| Administrative and support and waste management services | 74,922 | 7,194 | $53,977 |
| Wholesale trade | 71,585 | 8,642 | $89,092 |
| Construction | 57,351 | 8,221 | $70,180 |
Health care and social assistance is the largest private sector at 174,494 jobs, 13.9 percent of covered employment.
US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
Miami-Dade County
How many businesses are in Miami-Dade County?
- Establishments, all industries98,394
- Employment at those establishments1,055,440
- Annual payroll$71.60 bn
- Establishments per 1,000 residents35.9
These are counts of establishments physically operating in the county, not listings, so they are the supply side a feasibility study measures demand against. County Business Patterns counts private establishments with paid employees in March 2023, while the Quarterly Census of Employment and Wages above counts every unemployment-insured employer, public ones included, as a 2024 annual average, so the two establishment and employment counts differ.
US Census Bureau, County Business Patterns, 2023.
Miami-Dade County
Building permits in Miami-Dade County
- Housing units authorized by permit, 202410,608
- Declared construction value permitted$4.16 bn
- Single family units authorized2,231
- Multifamily units authorized8,377
- Multifamily share of units79.0 percent
- Average declared value per unit$391,940
- Units authorized per 1,000 households10.9
Multifamily is 79.0 percent of units authorized, so the pipeline is being built for renters rather than buyers.
US Census Bureau, Building Permits Survey, 2024 annual.
Miami-Dade County
SBA loans in Miami-Dade County (7(a) and 504)
- 7(a) approvals recorded5,477
- 7(a) gross approval dollars$2.27 bn
- Average 7(a) approval$414,638
- Median 7(a) approval$150,000
- 10th percentile approval$25,000
- 90th percentile approval$1,000,000
- Largest single approval$5,000,000
- Jobs reported supported, 7(a)45,004
- Jobs per approval8.2
- Distinct 7(a) lenders active162
- Distinct industries receiving approvals588
- Median 7(a) term120 months
- Share of loans on real estate terms, 240 months or longer6.4 percent
- Loans on real estate terms350
- Loans on working capital terms, 120 months or shorter4,977
- Franchise loans212
- Franchise share of approvals3.9 percent
- Leading industry by approval countResidential Remodelers (132)
- Most active lenderTD Bank, National Association (1,473)
- 504 approvals recorded1,733
- 504 gross approval dollars$1.53 bn
- Average 504 approval$884,996
- Median 504 approval$558,000
- Distinct CDCs active6
- 504 jobs per approval6.7
- 504 jobs per million dollars approved7.6
- Most active CDCFlorida Business Development Corporation (1,015)
- Combined SBA approval dollars, 7(a) FY2020 to FY2026 and 504 FY2010 to FY2026$3.80 bn
The average approval of $414,638 sits well above the median of $150,000, pulled up by a few larger deals, so the median is the better guide to what a typical borrower here gets. Only 6.4 percent of approvals run on real estate terms, so SBA credit here is mostly working capital and equipment rather than property acquisition.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30. US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Miami-Dade County
SBA loan default and charge-off rates in Miami-Dade County
Do SBA loans in Miami-Dade County get paid back?
- Loans with a final outcome recorded931
- Paid in full697
- Charged off234
- Charge-off rate on resolved loans25.1 percent
- Status: Cancelled941
- Status: Paid in full697
- Status: Charged off234
- Status: Exempt from disclosure3,348
- Status: Committed, not yet disbursed257
Of the 931 loans that have reached a final outcome, 25.1 percent were charged off. This is computed only over resolved loans, because a loan still running has not yet succeeded or failed and counting it either way would be wrong.
Compare against the national and state SBA charge-off rates, computed the same way over resolved loans only.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Miami-Dade County
SBA lending by place in Miami-Dade County
- Borrower cities with recorded lending59
- Miami, approvals3,046
- Hialeah, approvals537
- Doral, approvals452
- Homestead, approvals199
- Miami Beach, approvals161
- Coral Gables, approvals146
| Borrower city | Approvals | Gross approval dollars |
|---|---|---|
| Miami | 3,046 | $1,142,566,600 |
| Hialeah | 537 | $201,890,800 |
| Doral | 452 | $269,277,100 |
| Homestead | 199 | $67,657,500 |
| Miami Beach | 161 | $59,084,400 |
| Coral Gables | 146 | $88,655,700 |
| Medley | 110 | $88,152,000 |
| Miami Lakes | 95 | $58,482,300 |
| 51 other borrower cities | 731 | $295,203,700 |
Miami accounts for 3,046 approvals against 537 in Hialeah. County level figures average over that gap, which is why a site decision is made at the submarket rather than the county.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Miami-Dade County
How large is Miami-Dade County?
- Land area1,898 sq mi
- Rank by land area among Florida counties3rd of 67
- Width, east to west47.2 mi
- Height, north to south58 mi
- Geographies sharing a boundary3
- Residents per square mile of land1,443
- Establishments per square mile51.84
US Census Bureau county boundary geometry, TIGER, adjacency computed from shared boundary vertices, TIGER county boundaries. US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year. US Census Bureau, County Business Patterns, 2023.
Miami-Dade County
Flood risk in Miami-Dade County
- Participation of the county's own NFIP community Miami-Dade County, unincorporated areasParticipating, community 120635
- Community Rating System class of the county's own communityClass 3
- Communities in the county in the NFIP Community Status Book35
- Of those, participating in the NFIP35
- NFIP participation rate100.0 percent
- Best Community Rating System class in the county A lower CRS class is a larger flood insurance premium discount.Class 3
- Communities carrying a CRS class27
- Radon levels in Miami-Dade County, EPA zone predicted average indoor radon screening level from 2 to 4 pCi/LZone 2
The county's own community in the status book, unincorporated Miami-Dade County (community 120635), participates in the National Flood Insurance Program and carries Community Rating System class 3, a flood insurance premium discount for policies written there. The EPA places Miami-Dade County in radon zone 2, a predicted average indoor radon screening level from 2 to 4 pCi/L. The zone is a screening prediction for the county and does not substitute for a test at an address. The best Community Rating System class among the county's communities is 3, which carries a flood insurance premium discount for policies written in that community. 100.0 percent of the county's listed communities participate in the National Flood Insurance Program, per Federal Emergency Management Agency, NFIP Community Status Book (OpenFEMA), as of 2026-09-26.
Federal Emergency Management Agency, NFIP Community Status Book (OpenFEMA), as of 2026-09-26. US EPA, Map of Radon Zones, county spreadsheet, 2024-05 publication, EPA 402/A-16/001.
Coverage
What this page does not hold.
Traffic counts, zoning and the flood zone at an address are not on this page; they resolve at the address in the platform. How this page was built →
Feasibility studies
When a Miami-Dade County site needs a document a lender will accept.
The same data layer behind this page is the one the studies are written from. A study for a Miami-Dade County site starts with the figures you are reading, carrying the same source and period into the credit file.
- Population, American Community Survey 2020-20242,738,356
- Households975,411
- Average household size2.81
- Median household income$71,753
- Median age40.7
Common questions
Miami-Dade County questions, answered from the record.
How many people live in Miami-Dade County, Florida?
The Census Bureau estimates 2,838,461 residents on July 1, 2024 (US Census Bureau, Population Estimates Program, Vintage 2024). The American Community Survey 2020-2024 five-year estimate is 2,738,356, in 975,411 households, ranking 1st of 67 Florida counties. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Is Miami-Dade County's population growing?
The population has grown 5.06 percent since the 2020 census base of 2,701,751, to 2,838,461 on July 1, 2024. In 2024 there were 29,253 births against 21,284 deaths, with net migration of 56,417. Source: US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
What is the median household income in Miami-Dade County?
$71,753. The median owner-occupied home is valued at $463,000, which is 6.5 times income, and median gross rent is $1,829 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
How many businesses are in Miami-Dade County?
98,394 establishments, employing 1,055,440 people with an annual payroll of $71.60 bn. These are establishments physically operating in the county, not listings. Source: US Census Bureau, County Business Patterns, 2023.
What is employment by industry in Miami-Dade County?
Health care and social assistance is the largest private sector at 174,494 jobs, 13.9 percent of covered employment. Covered employment averages 1,257,569 jobs at an average annual pay of $77,609, or $1,492 a week. Source: US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
How much SBA lending happens in Miami-Dade County?
5,477 7(a) approvals totaling $2.27 bn since FY2020, across 162 lenders, with a median approval of $150,000, plus 1,733 504 approvals worth $1.53 bn since FY2010. These are approvals recorded in the release, not loans disbursed.
Do SBA loans in Miami-Dade County get paid back?
Of the 931 loans that have reached a final outcome, 697 were paid in full and 234 charged off, a charge-off rate of 25.1 percent. Loans still running are excluded, because they have not yet succeeded or failed.
How many building permits were issued in Miami-Dade County?
10,608 housing units were authorized by permit in 2024, with a declared construction value of $4.16 bn. Multifamily was 79.0 percent of units. Source: US Census Bureau, Building Permits Survey, 2024 annual.
What is the radon zone for Miami-Dade County?
Zone 2, a predicted average indoor radon screening level from 2 to 4 pCi/L. Source: US EPA, Map of Radon Zones, county spreadsheet, 2024-05 publication, EPA 402/A-16/001.
Where do people moving to Miami-Dade County come from?
The largest single origin is Broward County, with 10,323 households. Arriving households report an average income of $175,619 against $98,801 for those leaving. Source: US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Are traffic counts available for Miami-Dade County on this page?
No. Annual average daily traffic resolves in the platform rather than in this dataset, so no AADT figure is printed here. It is a gap we know about rather than a figure we estimated.
Is zoning published for Miami-Dade County?
No. Nothing on this page presents parcel level zoning, and where a statutory framework applies it is marked as the statewide frame, to be confirmed locally.
Miami-Dade County
Cities and places in Miami-Dade.
70 Census places lie wholly or partly in Miami-Dade County. All 70 carry enough published place level data for a page of their own and are linked.
| Place | Type | Population | SBA 7(a) approvals, projects in this county | Lies in |
|---|---|---|---|---|
| Miami | city | 459,745 | 3,046 | Wholly in this county |
| Hialeah | city | 226,165 | 537 | Wholly in this county |
| Miami Gardens | city | 113,177 | 85 | Wholly in this county |
| Homestead | city | 82,807 | 199 | Wholly in this county |
| Miami Beach | city | 82,031 | 161 | Wholly in this county |
| Kendall | CDP | 79,562 | 3 | Wholly in this county |
| Doral | city | 79,216 | 452 | Wholly in this county |
| North Miami | city | 60,344 | 65 | Wholly in this county |
| The Hammocks | CDP | 58,838 | None recorded | Wholly in this county |
| Fountainebleau | CDP | 55,665 | None recorded | Wholly in this county |
| Kendale Lakes | CDP | 52,622 | None recorded | Wholly in this county |
| Westchester | CDP | 52,032 | None recorded | Wholly in this county |
| Country Club | CDP | 51,296 | None recorded | Wholly in this county |
| Coral Gables | city | 49,802 | 146 | Wholly in this county |
| Tamiami | CDP | 49,752 | None recorded | Wholly in this county |
| Cutler Bay | town | 45,070 | 61 | Wholly in this county |
| North Miami Beach | city | 43,898 | 90 | Wholly in this county |
| Princeton | CDP | 42,625 | 6 | Wholly in this county |
| Aventura | city | 39,885 | 77 | Wholly in this county |
| South Miami Heights | CDP | 38,766 | None recorded | Wholly in this county |
| Kendall West | CDP | 35,912 | None recorded | Wholly in this county |
| Richmond West | CDP | 35,593 | None recorded | Wholly in this county |
| Biscayne Gardens | CDP | 35,472 | None recorded | Wholly in this county |
| West Little River | CDP | 33,890 | None recorded | Wholly in this county |
| Miami Lakes | town | 31,553 | 95 | Wholly in this county |
| Ives Estates | CDP | 28,506 | None recorded | Wholly in this county |
| Leisure City | CDP | 27,808 | None recorded | Wholly in this county |
| Coral Terrace | CDP | 24,895 | None recorded | Wholly in this county |
| Palmetto Bay | village | 24,639 | 32 | Wholly in this county |
| The Crossings | CDP | 22,963 | None recorded | Wholly in this county |
| Hialeah Gardens | city | 22,915 | 33 | Wholly in this county |
| Sunny Isles Beach | city | 22,437 | 41 | Wholly in this county |
| Sweetwater | city | 20,085 | 5 | Wholly in this county |
| Glenvar Heights | CDP | 19,395 | None recorded | Wholly in this county |
| Country Walk | CDP | 19,291 | None recorded | Wholly in this county |
| Ojus | CDP | 19,198 | None recorded | Wholly in this county |
| Pinecrest | village | 18,462 | 27 | Wholly in this county |
| Pinewood | CDP | 18,114 | None recorded | Wholly in this county |
| Brownsville | CDP | 16,936 | None recorded | Wholly in this county |
| Three Lakes | CDP | 16,888 | None recorded | Wholly in this county |
| Gladeview | CDP | 16,655 | None recorded | Wholly in this county |
| Opa-locka | city | 16,282 | 56 | Wholly in this county |
| Palmetto Estates | CDP | 16,129 | None recorded | Wholly in this county |
| Naranja | CDP | 15,796 | 2 | Wholly in this county |
| Key Biscayne | village | 14,791 | 15 | Wholly in this county |
| Goulds | CDP | 14,425 | 1 | Wholly in this county |
| Miami Springs | city | 13,726 | 10 | Wholly in this county |
| Sunset | CDP | 13,535 | None recorded | Wholly in this county |
| Florida City | city | 12,943 | 10 | Wholly in this county |
| Olympia Heights | CDP | 12,399 | None recorded | Wholly in this county |
| South Miami | city | 12,277 | 20 | Wholly in this county |
| Westview | CDP | 12,107 | None recorded | Wholly in this county |
| Miami Shores | village | 11,752 | 12 | Wholly in this county |
| West Perrine | CDP | 11,162 | 1 | Wholly in this county |
| Westwood Lakes | CDP | 10,553 | None recorded | Wholly in this county |
| Richmond Heights | CDP | 9,992 | None recorded | Wholly in this county |
| North Bay Village | city | 8,118 | 5 | Wholly in this county |
| West Miami | city | 7,162 | 6 | Wholly in this county |
| Bay Harbor Islands | town | 5,847 | 12 | Wholly in this county |
| Surfside | town | 5,631 | 9 | Wholly in this county |
| Palm Springs North | CDP | 5,410 | None recorded | Wholly in this county |
| Biscayne Park | village | 3,085 | 4 | Wholly in this county |
| Bal Harbour | village | 3,055 | 4 | Wholly in this county |
| Virginia Gardens | village | 2,423 | 7 | Wholly in this county |
| El Portal | village | 1,809 | 4 | Wholly in this county |
| Homestead Base | CDP | 1,125 | None recorded | Wholly in this county |
| Fisher Island | CDP | 1,026 | None recorded | Wholly in this county |
| Medley | town | 988 | 110 | Wholly in this county |
| Golden Beach | town | 691 | None recorded | Wholly in this county |
| Indian Creek | village | 39 | None recorded | Wholly in this county |
A further 28 of the county's 5,477 SBA 7(a) approvals are to borrowers in cities that match no Census place in Miami-Dade County, the largest being Weston (2), N Miami Beach (2), Hollywood (2). Those are postal cities, unincorporated areas and cities outside the county, so no place row claims them; they are counted in the county total above.
Nearby