Miami Beach
Population & Demographics

The City of Miami Beach encompasses 7.1 square miles of land and 10 miles of water. City Boundaries extend from Government Cut to the south, 87th St. to the north, Biscayne Bay to the west and the Atlantic Ocean to the east.

Miami Beach is dived into three sections:

South Beach (1st St. to 17th St.)
Middle Beach (17th St. to 41st St.)
North Beach (41st St. to 87th St.)

The extendeds board walk runs from 5th St. to 46th St. on the beach. Total water frontage is 63.26 miles. The average ocean water temperature is 74 degrees.

Quick Facts

• Populaton: 87,933
• Number of Hotels: 187
• Number of Hotel Rooms: 20,300
• Average Temperature: 82.6 degrees in July, 67.2 degrees in January
• Average Annual Rainfall: 55.92 inches
• Average Annual Snowfall: Zero
• Elevation: 10 feet above Sea Level
• Local Personal Income Tax: Zero
• State Personal Income Tax: Zero
• State Corporate Income Tax: 5.5%
• Sales Tax: State of Florida-6.0%, Miami-Dade County-1.0%

Miami Beach has the 26th highest population density in the United States, and the 2nd highest housing density, following New York City. The population rank increases to 3rd or 4th during the winter, when the majority of vacant second and third homes and/or condos are occupied.

According to sales reported to the Florida Department of Revenue, Miami Beach had the highest spending density in the State in 2001: $315 Million per square mile in consumer spending.

2000 U.S. Census Report

	Number		Percent

Miami Beach Population:

87,933

100.00%

Sex & Age

Male

45,480

51.23%

Female

42,885

48.77%

Under 5 years

3,452

3.93%

5 to 9 years

3,181

3.62%

10 to 14 years

3,216

3.66%

15 to 19 years

3,340

3.8%

20 to 24 years

5,502

6.26%

25 to 34 years

18,395

20.92%

35 to 44 years

15,185

17.27%

45 to 54 years

10,886

12.38%

55 to 59 years

4,114

4.68%

60 to 64 years

3,735

4.25%

65 to 74 years

7,695

8.75%

75 to 84 years

6,200

7.05%

85 years and over

3,032

3.45%

Median Age

39

Race

One race

84,828

96.47%

White

35,959

40.89%

Black or African American

3,548

4.03%

American Indian and Alaska Native

206

0.23%

Asian

1202

1.37%

Hispanic or Latino(of any race)

47,000

53.45%

Mexican

1,183

1.35%

Puerto Rican

3,596

4.09%

Cuban

18,038

20.51%

Other Hispanic or Latino

24,183

27.05%

Housing Occupancy

Total housing units

59,723

100.00%

Occupied housing units

46,194

77.35%

Vacant housing units

13,529

22.65%

Seasonal, recreational, or occasional use

7,668

12.84%

Homeowner vacancy rate (percent)

7.06%

Rental vacancy rate (percent)

8.08%

Housing Tenure

Occupied housing units

46,194

100.00%

Owner-occupied housing units.

16,895

36.57%

Renter-occupied housing units.

29,299

63.43%

Information is based 2000 US Census data. For more information on population visit U.S. Census Bureau.

Residental Real Estate Report City of Miami Beach January 2003

	Condominiums	# of Transactions	Avg. Sale Price	Avgage Sq Ft	Price Per Sq Ft

North Beach

86

$173,684

1,003

$173.16

Citywide Total

423

$225,753

943

$239.37

Notable Transactions: * A 1810 square foot unit at Il Villaggio sold for $701.66 per sqft * A 1550 square foot unit at Il Villaggio sold for $645.16 per sqft * A 2618 square foot unit at Murano sold for $630.25 per sqft * A 1230 square foot unit at the Roney sold for $522.76 per sqft * A 3082 square foot home on Palm Island sold for $940.95 per sqft * A 1690 sqft foot unit at La Gorce Palace sold for $414.20 per sqft Information is based on transactions recorded at Miami-Dade County.