Florida · South · 60k residents
North Miami, FL: economy, jobs & business costs
The site-selection read on North Miami: labor costs, talent, corporate tax, energy, and business activity, with the Florida median as the yardstick. Compare it live against any of 3,000 US cities.
Data coverage: ACS place data; supplementary fields may use state estimates.
Average weekly wages in the surrounding labor market run $1,399/wk. Florida's corporate income tax rate is 5.5%. Commercial electricity averages 11.0¢/kWh.
Compare North Miami side by side
Avg. weekly wage
$1,399/wk
Corporate income tax
5.5%
Bachelor's degree or higher
25.2%
Commercial electricity
11.0¢/kWh
Economic momentum
How fast North Miami's economy is moving, ranked against the US cities we track.
71/100
Heating
Ranks North Miami's residential building-permit growth against the US cities we cover. The label is relative pace, not a direction, so a market can rank low while some figures still rise. A higher score moves faster, it is not cheaper or better. This is economic activity, not commercial lease rates or vacancy. Not investment or relocation advice.
| ACS median home value | $365,000 |
| Price per sq. ft. | $260 |
| Property tax rate | 0.8% |
| 1-bedroom rent | $1,539/mo |
| 2-bedroom rent | $1,842/mo |
| State & local income tax | 0% |
| Sales tax | 7% |
| Corporate income tax | 5.5% |
| Avg. weekly wage | $1,399/wk |
| Bachelor's degree or higher | 25.2% |
| Commercial electricity | 11.0¢/kWh |
| Businesses per 1k residents | — |
| Wage: Software developer | $130,980 |
| Wage: Registered nurse | $84,190 |
| Wage: General manager | $101,580 |
| Wage: Customer service | $40,440 |
| Wage: Warehouse worker | $36,400 |
| Wage: Heavy truck driver | $50,640 |
| Wage: Electrician | $57,250 |
| Wage: Retail salesperson | $34,010 |
| Cost of living index | 107 |
| Groceries index | 103 |
| Utilities | $180/mo |
| Transit pass | $65/mo |
| Gas price | $3.25/gal |
| Healthcare index | 100 |
| Childcare (per child) | $1,000/mo |
| Median household income | $57,188 |
| Unemployment rate | 3.3% |
| Population | 60k |
| Crime index | 45/100 |
| School rating | 5.8/10 |
| Walkability | 34/100 |
| Disaster risk | — |
| Avg. commute | 28 min |
| Sunny days / year | 240 days |
| July high | 90°F |
| January low | 59°F |
| Annual snowfall | — |
| Home price YoY | -2.0% |
| Home price MoM | +0.1% |
| Rent YoY | +0.7% |
| Rent MoM | -0.2% |
| Employment (jobs) YoY | — |
| Building permits YoY | +22.2% |
| Ocean coast | 8 mi |
| Big lake | 82 mi |
| Mountains | 624 mi |
| Major airport | 9 mi |
| Ski resort | 696 mi |
Popular comparisons
Nearby
- Biscayne Gardens, FL · 35k
- West Little River, FL · 34k
- North Miami Beach, FL · 44k
- Ives Estates, FL · 29k
- Miami Gardens, FL · 113k
Similar size
- Palm Beach Gardens, FL · 61k
- Margate, FL · 59k
- Palm Harbor, FL · 62k
- The Hammocks, FL · 59k
- Jupiter, FL · 62k
Real listings in North Miami
LoopNet ↗Crexi ↗CommercialCafe ↗
Links open third-party listing searches. WhereToHQ has no paid relationship with these sites.
- Is North Miami a good place to run a business?
- Florida's corporate income tax rate is 5.5%; average weekly wages in the surrounding labor market run $1,399/wk; commercial electricity averages 11.0¢/kWh. Weigh these against your own priorities in the business comparison tool.
- What is the cost of living in North Miami, FL?
- North Miami indexes at 107 for day-to-day costs against a national baseline of 100, with a typical two-bedroom renting for $1,842/mo and a acs median home value of $365,000.
- How much does a house cost in North Miami?
- The acs median home value in North Miami is $365,000 (Census ACS estimate; individual listings vary).
- How much is rent in North Miami?
- A two-bedroom in North Miami rents for about $1,842/mo.