Miami, officially the City of Miami, is a metropolis located in southeastern Florida in the United States. It is the third most populous metropolis on the East coast of the United States, and it is the seventh largest in the country. The city has the third tallest skyline in the U.S. with over 300 high-rises, 55 of which exceed 491 ft (150 m).
Miami is a major center and leader in finance, commerce, culture, arts, and international trade. The metro area is by far the largest urban economy in Florida and the 12th largest in the United States, with a GDP of $344.9 billion as of 2017. In 2020, Miami was classified as a Beta + level global city by the GaWC. In 2019, Miami ranked seventh in the United States and 31st among global cities in business activity, human capital, information exchange, cultural experience, and political engagement
According to a 2018 UBS study of 77 world cities, the city was ranked as the third-richest in the United States and the eighth-richest in the world in purchasing power. Miami is nicknamed the “Capital of Latin America” and is the largest city with a Cuban-American plurality.
Greater Downtown Miami has one of the largest concentrations of international banks in the United States, and is home to many large national and international companies. The Health District is a major center for hospitals, clinics, and the biotechnology and medical research industries. PortMiami is the busiest cruise port in the world in both passenger traffic and cruise lines, and refers to itself as the “Cruise Capital of the World”. Miami is also a major tourism hub for international visitors, ranking second in the country after New York City.
Miami is a globally celebrated, tropical beach city with all-night nightlife and the warmest “winters” in the US.
It’s an ocean-lover’s paradise, full of amazing opportunities to surf, snorkel, scuba dive, and sail.
Miami is also a leader in commerce and international trade. Prestigious brands like Microsoft, Disney, Cisco Systems, American Airlines, Sony, Visa, and many international banks have headquarters in Miami.
Music aficionados will love the inspiring day-and-night live music scene, including world-class Latin jazz, opera, rock, and more. It’s also home to several orchestras and renowned schools of music. And if all that dancing makes you hungry, you’ll find out why Miami is famous for its “Floribbean” cuisine: a delicious fusion of American, Latin American, and Caribbean cuisine styles.
Miami is a global fashion hotspot, with some of the top models and modeling agencies in the world. Don’t miss Mercedes-Benz Fashion Week Miami – held annually in Miami’s Wynwood Art District.
Anyone who appreciates architecture will love seeing the 800+ Art Deco buildings that make Miami the global capital of Art Deco architecture!
If you want tropical ocean waters, non-stop nightlife, and fine dining, Miami might be the perfect place to call home!
Percentage change from latest quarter vs same time period previous year
Data compiled using 4th quarter 2020 data vs. same period from 2019