Miami-Dade County, Florida: commercial real estate data.
Miami-Dade County, Florida has a population of 2,738,356 across 1,898 square miles, up 5.1 percent since the 2020 census base. 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.
129 sourced county values · tier FULL · 12 sections
Miami-Dade County
How many people live in Miami-Dade County
- Population2,738,356
- 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-equivalents7th
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 a stretched ownership market and usually shows up as rental demand. 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 growing
- Population change since the 2020 census base5.06 percent
- Census 2020 base population2,701,751
- 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
The county has grown 5.06 percent since the 2020 census base. Migration contributed more to 2024 change than births over deaths, so demand here follows people arriving rather than families forming.
US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
Miami-Dade County
Where people moving to Miami-Dade County come from
- Tax returns filed by households arriving45,873
- People arriving, from those returns70,827
- Adjusted gross income arriving$8.06 bn
- Net adjusted gross income movement$0
- Average income of an arriving household$175,619
- Largest single originMiami-Dade County Non-migrants (1,119,068 households)
- Largest single destination (1,119,068 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Miami-Dade County Non-migrants | 1,119,068 | 1,995,946 | $109.74 bn |
| Broward County | 10,323 | 16,678 | $660.5 m |
| Other flows - Different State | 4,265 | 6,694 | $516.1 m |
| New York County | 1,873 | 2,676 | $1.61 bn |
| Other flows - South | 1,867 | 3,044 | $242.3 m |
| 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 |
The largest single source of arrivals is Miami-Dade County Non-migrants, 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 the Miami-Dade County economy runs on
- 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 Florida counties1st
- Rank by GDP among US county-equivalents12th
- 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
Who employs people in Miami-Dade County
- Covered employment, annual average1,257,569
- Establishments reporting123,309
- Average annual pay$77,609
- Average weekly wage$1,492
- Sector 62, employment174,494
- Sector 62, average annual pay$69,789
- Sector 44-45, employment141,502
- Sector 44-45, average annual pay$50,481
- Sector 72, employment132,352
- Sector 72, average annual pay$41,505
- Sector 54, employment98,839
- Sector 54, average annual pay$123,827
- Sector 48-49, employment93,155
- Sector 56, employment74,922
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Sector 62 | 174,494 | 15,184 | $69,789 |
| Sector 44-45 | 141,502 | 12,310 | $50,481 |
| Sector 72 | 132,352 | 7,042 | $41,505 |
| Sector 54 | 98,839 | 22,276 | $123,827 |
| Sector 48-49 | 93,155 | 4,346 | $79,468 |
| Sector 56 | 74,922 | 7,194 | $53,977 |
| Sector 42 | 71,585 | 8,642 | $89,092 |
| Sector 23 | 57,351 | 8,221 | $70,180 |
The largest sector is the biggest private employer group at 174,494 jobs, 13.9 percent of covered employment. Average pay per job exceeds median household income, which usually means single earner households and a wage base that can carry rent.
US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
Miami-Dade County
What businesses operate 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.
US Census Bureau, County Business Patterns, 2023.
Miami-Dade County
What is being built in Miami-Dade County
- Housing units authorised by permit, 202410,608
- Declared construction value permitted$4.16 bn
- Single family units authorised2,231
- Multifamily units authorised8,377
- Multifamily share of units79.0 percent
- Average declared value per unit$391,940
- Units authorised per 1,000 households10.9
Multifamily is 79.0 percent of units authorised, so the pipeline is being built for renters rather than buyers.
US Census Bureau, Building Permits Survey, 2024 annual.
Miami-Dade County
How much SBA lending happens in Miami-Dade County
- 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)
- 7(a) share of SBA approvals76.0 percent
- Combined SBA approval dollars$3.80 bn
The average approval of $414,638 sits well above the median of $150,000, so a small number of large deals is pulling the mean up. The median is the better guide to what a typical borrower here actually 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
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
| NAICS | Industry | Resolved loans | Charged off | Charge off rate |
|---|---|---|---|---|
| 484121 | General Freight Trucking, Long-Distance, Truckload | 26 | 17 | 65.4% |
| 484110 | General Freight Trucking, Local | 20 | 13 | 65.0% |
| 238220 | Plumbing, Heating, and Air-Conditioning Contractors | 19 | 7 | 36.8% |
| 236118 | Residential Remodelers | 19 | 9 | 47.4% |
| 722511 | Full-Service Restaurants | 14 | 1 | 7.1% |
| 454110 | Electronic Shopping and Mail-Order Houses | 14 | 2 | 14.3% |
| 561720 | Janitorial Services | 13 | 8 | 61.5% |
| 424410 | General Line Grocery Merchant Wholesalers | 12 | 2 | 16.7% |
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. Among industries with at least ten resolved loans, General Freight Trucking, Long-Distance, Truckload carries the highest charge off rate at 65.4 percent.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Miami-Dade County
Which parts of Miami-Dade County get the lending
- Places in the county with recorded lending61
- Miami, approvals3,046
- Hialeah, approvals537
- DORAL, approvals452
- Homestead, approvals199
- MIAMI BEACH, approvals161
- CORAL GABLES, approvals146
| Place | 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 |
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 big 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
What hazards affect Miami-Dade County
- EPA radon zone predicted average indoor radon screening level from 2 to 4 pCi/LZone 2
- Communities 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
The EPA places the county in radon zone 2, a predicted average indoor radon screening level from 2 to 4 pCi/L. The best Community Rating System class in the county is 3, which carries a flood insurance premium discount for properties in the participating community.
US EPA, Map of Radon Zones, county spreadsheet, 2024-05 publication, EPA 402/A-16/001. FEMA OpenFEMA, NFIP Community Status Book, Community Status Book, as retrieved.
Coverage
What this page does not hold.
Every item below could be filled with a plausible figure. None of them is. On a page a lender may read, a number that cannot be traced is worse than an absence, so the absences are named.
- Flood zone record counts are not held. The flood coverage export has not landed, so no count is shown rather than an estimated one.
- Traffic counts resolve in the platform, not in this dataset, so no AADT figure is printed here.
- Zoning is in build. Parcel level zoning is not published on this page.
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.
- Population2,738,356
- 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?
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 growing?
The population has grown 5.06 percent since the 2020 census base. 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 there 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 the average wage in Miami-Dade County?
Average annual pay is $77,609, or $1,492 a week, across 1,257,569 covered jobs. 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 totalling $2.27 bn since FY2020, across 162 lenders, with a median approval of $150,000, plus 1,733 504 approvals worth $1.53 bn. 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.
What is being built in Miami-Dade County?
10,608 housing units were authorised 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 Miami-Dade County Non-migrants, with 1,119,068 households. Arriving households report an average income of $175,619 against null 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?
Not yet. The zoning layer is in build. Nothing on this page presents parcel level zoning, and where a statutory framework applies it is marked as the statewide frame with confirm locally attached.