South Florida by the numbers: We’re No. 1

Aug.August 28, 2019 09:45 AM
Downtown Miami (Credit: iStock)

Downtown Miami (Credit: iStock)

“South Florida by the numbers” is a web feature that catalogs the most notable, quirky and surprising real estate statistics.

As we approach the start of football season, it’s only natural to get excited about the thought of sitting in a crowded stadium as our team dominates on the field, with one hand pounding our chests in victory and the other holding a single finger in the sky to declare our status – for all the world to envy! Here in Miami, we’ve enjoyed our own winning streak of sorts: a flurry of top rankings that indicate the Magic City’s (and the Sunshine State’s) supremacy in a variety of impressive markers. Can we ride this wave all the way to the end zone of metropolitan royalty? Let’s explore in this month’s “South Florida by the numbers.”

#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, a net influx of about $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 any 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 a year. [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, 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]

This column is produced by the Master Brokers Forum, a network of South Florida’s elite real estate professionals where membership is by invitation only and based on outstanding production, as well as ethical and professional behavior.

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