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Miami Beach 411
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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
  South Beach
212
$238,611
857
$278.59
  Middle Beach
125
$239,670
1,048
$228.77
  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.


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