Miami is a seaport city located within the southeastern area of the state of Florida on America's Atlantic Coast. Acting as the seat of Miami-Dade County, the municipality of the central, principal and highly populous metropolitan area is ranked as the second most populous metropolitan within the southeastern United States. According to a US census conducted in recent years, Miami's metro area have ranks as the eighth most populous city and fourth-largest urban area in America. The estimated population in Miami, Florida is roughly 5.5 million people.
As a major city center, Miami is a leader in finance, culture, commerce, media, arts, entertainment and international trade. Miami was deemed an alpha world city by the World's Cities Studies Group inventory. Miami has also ranked in a seventh place in America in terms of commerce, entertainment, finance, education, culture, fashion and other important industries. Forbes also ranked Miami is America's cleanest city in the year 2008 in terms of its vast greenery, good air quality, clean drinking water, citywide recycling programs and clear streets. In a 2009 study of 73 cities all over the world, Miami was also ranked the richest city in America and the fifth richest city in the world in terms of mammy's purchasing power. Nicknamed the capital of Latin America, Miami is home into a diverse and proud Cuban-American population.
Miami is home to more than 300 high-rises and holds the largest concentration of international banks anywhere in America. The finance industry is one of the most profitable industries to branch into in the city of Miami. Additionally, Miami Civic Center is home to major hospitals, medical centers, biotechnology industries and research institutes.
With such a high concentration of national and international companies, the Port of Miami has also been nicknamed the cruise capital of the world of the last few decades. Home to one of the largest passenger ports in the world, Miami can accommodate the world's largest cruise ships and cruise operations and is known as one of the busiest ports for both passenger traffic and cruise traffic. As a result, the travel/hospitality industry is also considered highly profitable in the state of Florida and in Miami particularly. As a hub of tourism, the Metropolitan Miami area has been named the tourism hub of the American South and is ranked number two in the US just after New York City. Miami also earned a number 13 spot in a world ranking of top tourist cities due to its popular destination, Miami Beach.
As a hub of commerce, strong international business and finance, the Globalization and World Cities Study Group & Network (GaWC) deemed Miami and Alpha minus world city in the year 2010. Miami's gross metropolitan product was roughly $257 billion. This incredible amount earned its ranking as the 20th most prosperous worldwide city and the 11th most prosperous in the United States. Since 2004, Miami has experienced an incredible revival in terms of statistics, popularity and moves towards a healthier local infrastructure.
The health services and education super sector of Miami has added roughly 7000 jobs since September 2015 to 2016. A 1.9% gain in jobs has added a notable increase in the education and health services sector of Miami's metropolitan divisions. Nationally, this sector has experienced a 2.8% increase over the last year, making both industries highly profitable and in demand.
Miami is home to the headquarters of a wide variety of large companies providing a wide array of employment opportunities. Such companies include Akerman Senterfitt, Alienware, Arquitectonica, Arrow Air, Bacardi, Benihana, Brightstar Corporation, Burger King, Celebrity Cruises, Carnival Corporation, Carnival Cruise Lines, Espírito Santo Financial Group, Fizber.com, Greenberg Traurig, Holland & Knight, Inktel Direct, Interval International and many more.
Miami also serves as the headquarters for many national and international corporations including AIG, American Airlines, Cisco, Disney, Exxon, FedEx, Kraft Foods, LEO Pharma Americas, Microsoft, Yahoo, Oracle, SBC Communications, Sony, Symantec, Visa International, and Wal-Mart.
As an industrial center, Miami is also the cornerstone for a variety of manufacturing and warehousing projects. Warehousing headquarters are located primarily along the western fringes of the city of Miami including areas like Doral and Hialeah.Miami has undergone large structural changes since 2001 with the addition of over 50 skyscrapers ranging in size to 400 feet. The Miami skyline is considered the third most impressive skyline in America. Due to Miami's ongoing construction, the building and real estate industry are also considered highly profitable in the city four individual certified in the fields.
The transportation industry in Miami is among the largest transportation industries in the United States. Home to Miami international Airport and PortMiami, careers related to transportation are among the more lucrative and sought-after careers in the state. Many employment opportunities lie within the larger transportation districts and corporations in the city of Miami. Additionally, the world's busiest cruise port, working in the hospitality/cruise industry is also a sought after position. Since 2014, PortMiami alone has accounted for roughly 176,000 jobs. The annual economic impact of this port alone is roughly $18 billion. Ranked as the 11th largest cargo container port in America, a record-breaking 4.33 million passengers traveled through PortMiami in 2010 alone. Statistically speaking, one in seven of cruise passengers going anywhere in the world start from Miami.
The tourism industry is highly important in the city of Miami and draws a great deal of business and finance. The conventions and festivals held in the city as well as the city's beaches and events drawn roughly $38 million annually in terms of visitor revenue. The rough testament of money spent by travelers in the city of Miami is roughly $17.1 billion. The Art Deco District in South Beach, Miami is highly notable for its glamorous and diverse attractions. Attractions range from world-class shopping to nightclubs and beaches as well as historical buildings and museums. Staffing Miami's many attractions are one of the highly profitable opportunities open to residents with special skills in industry niches.
The media industry in the city of Miami is considered highly profitable for individuals with specialized skills for industry niches. From arts and entertainment to technical production and engineering, obtaining career certification in the arts is an especially good career choice in the city of Miami. Miami has a bustling television production industry and is considered the most important US city in terms of Spanish-language media. Univisión, Telemundo and UniMÁS all have operational headquarters in the city of Miami as well as production studios. Producing a wide array of original programming including talkshows and telenovellas, an astonishing 85% of Telemundo's original programming has been filmed in Miami. Miami is also a major hub of music recording with Sony Music Latin and Universal Music Latin Entertainment holding headquarters in the city. Additionally, a wide variety of smaller music labels maintain headquarters in the city of Miami. The city provides a unique and aesthetically pleasing backdrop ideal for many artists and independent music video/film production cinematographers.
A major meteorological center, Miami is also home to the National Hurricane Center and the United States Southern Command, responsible for many military operations within South America and Central America. The military presence provides employment opportunities to residents looking to branch into a variety of civil service or military service related jobs.
• Florida International University: This public Metropolitan research university holds headquarters in greater Miami, Florida. One of two major campuses in the Miami-Dade County area, the main campus for this university is in University Park. Florida international University is part of a 12-campus statewide university system in the state of Florida. It is also one of Florida’s primary graduate research universities.
Currently, Florida international University awards just over 3400 graduate and professional degrees every year. The University also offers 191 academic programs to choose from. Academic programs fall under 280 majors and are available to 23 colleges and schools affiliated with Florida international University.
Programs available to the college include architecture, engineering, medicine, business administration, law and more. The University also offers a wide range of masters, doctoral and professional degrees. Currently, the University offers 81 masters programs, 34 doctoral programs and 3 professional programs.
Undergraduate and graduate tuition and fees vary widely. Currently, undergraduate tuition and fees for in-state students is roughly $6771.45 and $19,583.74 for out-of-state students. In-state graduate students can expect tuition and fees of roughly $11,098 and $24,206 for out-of-state graduate students. For students participating in the night programs to the Florida International University law school, tuition and fees for in-state students is roughly $15,593 and $25,982 for out-of-state students. Tuition and fees for daytime law school programs are roughly $20,660 for in-state students and $33,446 for out-of-state students.
The University’s current acceptance rate is roughly 52.8% as of 2014. The total enrollment at this university is roughly 55,000 students as of 2015. Located at 11200 SW 8th St, Miami, FL 33199, this university can be reached at: 1 (305) 348-2000.
• Miami Dade College: this state college has eight campus locations and roughly 21 outreach centers throughout the Miami-Dade County area. Miami-Dade College was founded in 1959 and currently holds title as the largest college in the Florida college system with total involvement of roughly 165,000 students. Miami-Dade College also is considered the second-largest College in the United States and the largest higher education institution in the state of Florida.
Of the total enrollment, roughly 6000 students go on to earn baccalaureate degrees, vocational degrees, technical degrees or college credit certificates. The undergraduate tuition and fees for in-state students is roughly $3486 and $12,015 for out-of-state students. Located at 300 NE 2nd Ave, Miami, FL 33132, this college can be reached at: (305) 237-2000.
• Leonard M. Miller School of Medicine: this medical school associated with the University of Miami was founded in 1951 and is currently the oldest medical school within the state of Florida. The school of medicine offers joint degree programs coordinated with other disciplines within the University. These programs include M.D.’s and Ph.Ds associated with the University of Miami school of Law, University of Miami School of business, the biomedical sciences and public health sciences programs, genomic science programs and the Department of Public Health Sciences.
Current undergraduate tuition and fees are roughly $38,504 as of 2010. The university's total enrollment was roughly 15,657 students in 2010. Located within the University of Miami Board of Trustees, this college is placed a 1600 NW 10th Ave #1140, Miami, FL 33136 and can be reached at: (305) 243-6545.
The current unemployment rate in Miami is roughly 5.20% and the projected job growth is roughly 1.66%. As many industries continue to grow and revive, the predicted job growth over the next 10 years in Miami is roughly 38.12%. The current income tax in Miami is 7% and the income taxes 0%, an incredible contrast against the national average. The income per capita in Miami including adults and children is roughly $21,724 and the median household income is roughly $30,858.
Miami's job growth statistics are as follows:
Unemployment Rate 5.20%
Recent Job Growth 1.66%
Future Job Growth 38.12%
Sales Taxes 7.00%
Income Taxes 0.00%
Income per Cap. $21,724
Household Income $30,858
Family Median Income $34,867
Top Employers and Top Wages in Miami, Florida
Top industries in the city of Miami include transportation, utilities and trade. Considered among the top industries bringing local jobs between September 2015 and September 2016, these particular industries have experienced a 2.3% growth, especially in the Fort Lauderdale metropolitan area. On a national level, the transportation, trade and utilities industries grew by roughly 1.4% since September 2015.
Locally maintained leisure, hospitality and construction subsectors of the local economy accounted for roughly 7100 jobs over the prior year. On a national level, the job growth the construction industry was roughly 3.1% in the last year and 2.4% in the last year for leisure and hospitality related jobs.
Among Miami's top employers are: Miami-Dade County Public Schools,
Miami-Dade County, the United States Government, the Florida Government, the University of Miami, the Baptist Health South Florida, Jackson Health, Publix, American Airlines, Florida International University, Miami Dade College, Precision Response Corporation, City of Miami, Florida Power and Light Company and Carnival Cruise Lines.
Sperling’s Best Places. “Miami, Florida Economy.” 2016.
The Beacon Council. “Miami-Dade Continues Upsurge in Yearly Job Growth.” 19 Aug, 2016.
U.S. Bureau of Labor Statistics. “Miami Area Employment – September 2016.” 2 Nov, 2016. https://www.bls.gov/regions/southeast/newsrelease/areaemployment_miami.htm