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 3.12x the national median and household incomes are 1.94x 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 $130,959. Here’s a look at the top 10 richest neighborhoods in Miami out of 14:
- North Coconut Grove
- South Coconut Grove
- Upper Eastside
- Coral Way
- West Flagler
- Model City
Summing up the median income of those 10 neighborhoods adds up to $538,341. And that my friend, is more 0s than most of us will see in our bank acount for a long, long time — if we ever get that lucky.
Continue on to find wher your neighborhood ranks amongst the richest in Miami.
For more Florida reading , check out:
- These Are The 10 Most Dangerous Places In Florida
- These Are The 10 Poorest Cities In Florida
- 10 Small Towns In Florida Where You’d Never Want To Live
How We Determined The Most Well To Do Neighborhoods In Miami
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 criteria:
Which neighborhoods have the highest median income?
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.
Detailed List Of The Richest Neighborhoods In Miami
|Rank||Neighborhood||Median Household Income|
|2||North Coconut Grove||$87,553|
|3||South Coconut Grove||$77,018|