Average Salaries in Miami, FL
Explore salary data for all occupations in the Miami-Fort Lauderdale-Pompano Beach metropolitan area.
Average Salary
$84,726
across all occupations
Highest Paying Job
$237,670
Physician
Occupations Covered
80
jobs with salary data
Cost of Living: Miami, FL has a cost of living that is 18.4% above the national average. Consider this when comparing salaries.
Salaries in Miami, FL by Occupation
About Working in Miami, FL
The Miami-Fort Lauderdale-Pompano Beach metropolitan area is the economic hub of South Florida and a gateway to Latin America. Known for its beaches, international character, and growing finance and tech sectors, Miami offers unique career opportunities in a warm, cosmopolitan environment with no state income tax.
Based on Bureau of Labor Statistics data, the average salary across all occupations in Miami, FL is $84,726 per year. Salaries range from $34,307 for Childcare Workers to $237,670 for Physicians. The metropolitan area employs approximately 49,871 workers across the 80 occupations we track.
Miami, FL Economy Overview
Miami's economy is driven by international trade, tourism, real estate, finance, and healthcare. The city serves as a business hub connecting North and South America, with significant banking, logistics, and media operations. Tech and finance sectors have grown significantly, attracting companies and talent from higher-tax states.
Major Industries in Miami, FL
The Miami, FL job market is driven by these key industries:
Cost of Living Considerations
Miami's cost of living has increased substantially, particularly housing costs driven by migration from other states. While there's no state income tax (a significant benefit), insurance costs are high, and some goods and services cost more than the national average. Beach proximity comes at a premium.
Cost of Living Index: 118.4(18.4% above national average)
Job Market Insights
Miami's job market has diversified with growth in tech, finance, and professional services. The city's international character creates opportunities for bilingual professionals, particularly in Spanish. Competition for top positions has increased as more companies and workers relocate to South Florida.
Quality of Life in Miami, FL
Miami offers year-round warm weather, beautiful beaches, diverse cuisine, and vibrant nightlife. The international character and cultural diversity make it unique among American cities. Hurricane season, humidity, and traffic are considerations. The lifestyle attracts those seeking sun and an international environment.
Frequently Asked Questions About Salaries in Miami, FL
What is the average salary in Miami, FL?
The average salary across all occupations in Miami, FL is approximately $84,726 per year. However, salaries vary significantly by occupation, experience level, and industry.
What are the highest paying jobs in Miami, FL?
The highest paying occupation in Miami, FL based on our data is Physician with an average salary of $237,670 per year. Other high-paying occupations can be found in the salary table above.
How does the cost of living affect salaries in Miami, FL?
With a cost of living 18.4% above the national average, salaries in Miami, FL tend to be higher to compensate. However, it's important to consider your overall financial picture, including housing, transportation, and other expenses.
Is Miami, FL a good place to find a job?
Miami, FL offers diverse employment opportunities across multiple industries. With 49,871 workers employed across the occupations we track, the metropolitan area has a substantial job market. Your prospects will depend on your industry, skills, and experience level.