Is Miami a Rich City or a Poor City?

Miami, often seen as a city of sunshine and affluence, is also a place of stark contrasts. With a cost of living notably higher than the national average and a poverty rate of around 25%, the economic landscape is complex. The glamorous facades of Brickell and Coral Gables contrast sharply with the economic struggles in areas like Liberty City and Overtown. Despite being a hub for tourism and luxury real estate, Miami faces significant challenges with income inequality and limited affordable housing options. This post delves into the economic realities of Miami, exploring how such a vibrant city manages its profound socioeconomic divides.