Miami’s Vast Growth In 2019 is remarkable. Here in Miami, we’ve enjoyed our winning streak. A flurry of top rankings indicates the Magic City’s (and the Sunshine State’s) supremacy in various impressive markers. Can we ride this wave to the end zone of metropolitan royalty? Let’s explore in this month’s “South Florida by the numbers.”
Miami Ranks High
#1: Florida’s ranking among all U.S. states at drawing in new residents and reaping the financial benefits, according to an extensive August study by LendingTree. Using IRS data from 2016, the study found that people who moved to Florida brought in a combined adjusted gross income of about $30.2 billion. This net influx of approximately $17.7 billion in adjusted gross income. The next closest state was South Carolina, with $2.25 billion. [LendingTree]
#1: Miami’s ranking among the only four U.S. cities tracked by the Knight Frank Prime Global Cities Index in May. The index follows the movement in luxury residential prices across 45 cities globally. [KnightFrank]
#1: Miami’s ranking among fastest-growing U.S. cities, according to CityLab. Analysts at the magazine looked at the top 50 U.S. cities from 2012 to 2017, and no other city came close to Miami for job growth during that period. The number of employed people here grew 24.1 percent, far ahead of others. [TheNextMiami]
#1: Miami’s ranking among U.S. cities in the category of growth in college graduates between 2012 and 2017, once again, according to an August study by CityLab. Miami also topped the list of cities on the growth in adults with graduate degrees, with a whopping five-year growth rate of nearly 50 percent, or 10 percent yearly. [CityLab]
#1: Miami’s ranking among 25 cities for starting a small business in the U.S., according to Biz2Credit’s annual survey, released in May. The report cited Miami’s numerous immigrant entrepreneurs, a transition to a gig-oriented culture, government support, and rising venture capital as factors for the city’s jump from last year’s ranking of No. 3 on this survey. [CNBC]
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