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Welcome to the land of the 1%. Where you'll find lawyers, and doctors, and business executives. And while they probably aren't made of ticky tacky, they are definitely made of money.
These are the wealthiest neighborhoods that Miami has to offer. Where houses go for over 2.96x the national median and household incomes are 2.97x the national median.
But where exactly in Miami do the richest of the rich people live? That would be Islands where the median income is a cool $163,112.
Here's a look at the top 10 richest neighborhoods in Miami out of 14 for 2021.
The Richest Neighborhoods In Miami For 2021
What's the richest neighborhood to live in Miami for 2021? According to the most recent census data, Islands looks to be the richest Miami neighborhood to live in.
Summing up the median income of those 10 neighborhoods adds up to $660,135. And that my friend, is more 0s than most of us will see in our bank account for a long, long time -- if we ever get that lucky. Continue on to find where your neighborhood ranks amongst the richest in Miami. Once you're done, you can look at the bottom of the story for a complete chart of every neighborhood we looked at from richest to poorest.
For more Miami reading, check out the best neighborhoods in Miami and the worst neighborhoods in Miami. Or, for living around Miami, out the best Miami suburbs and the worst Miami suburbs.
For more Florida reading, check out:
- Best Places To Live In Florida
- Cheapest Places To Live In Florida
- Richest Cities To Live In America
- Richest States To Live In America
How We Determined The Wealthiest Neighborhoods In Miami For 2021
Every city has it's best neighborhoods -- where everyone wants to live -- and the worst neighborhoods -- where no one wants to live. And then you have the wealthiest neighborhoods, where no one can afford to live.
And by no one, we really mean you because there's always someone richer than you.
How do you quantify richer than you? We looked at one simple criterion:
Which neighborhoods have the highest median income?
Using census and extrapolated BLS data, we ranked every neighborhood based on income levels.
We ranked every neighborhood in Miami by median income from highest to lowest. The neighborhood with the highest median income, Islands, was named the richest neighborhood in Miami.
The poorest neighborhood? That would be Overtown.
Now a look at how all the neighborhoods in Miami ranked.
For more Florida reading, check out:
- Most Dangerous Places In Florida
- Best Places To Retire In Florida
- Richest Cities In Florida
- Safest Places In Florida
Detailed List Of The Richest Neighborhoods In Miami For 2021
| Rank | Neighborhood | Median Household Income< |
|---|---|---|
| 1 | Islands | $163,112 |
| 2 | North Coconut Grove | $99,136 |
| 3 | South Coconut Grove | $83,666 |
| 4 | Downtown | $71,374 |
| 5 | Wynwood | $53,417 |
| 6 | Upper Eastside | $51,180 |
| 7 | Coral Way | $49,574 |
| 8 | West Flagler | $31,236 |
| 9 | Flagami | $30,687 |
| 10 | Little Haiti | $26,753 |
| 11 | Little Havana | $24,491 |
| 12 | Model City | $24,443 |
| 13 | Allapattah | $23,663 |
| 14 | Overtown | $19,558 |
