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MIAMI ECONOMIC DEVELOPMENT DASHBOARD

The Covid-19 pandemic profoundly impacted the physical, social, and economic
health of the city of Miami. The impact affected the city across the board, but
at the same time, communities and segments of the population experienced the
impact differently.

Scroll below to learn the socio-demographic picture of the City of Miami related
to income, education, housing prices and Covid-19 cases or click one of the
insights below to deep dive exploring different facets of Miami’s economic
development.

INSIGHTS



Economic Vulnerability IndexUnemployment Rate ForecastEmployment by
IndustryIndustry Health IndexExplore all datasets



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HOUSEHOLD INCOME

Miami ranks among the top five U.S. cities with the largest income gap due to
the city's inherently immigrant-driven demographic makeup.

According to data from the American Community Survey, the Miami neighborhoods
with the lowest household income are Hialeah, Miami Gardens, Miami Shores, and
North Miami.

You will be able to notice where Miami experienced the largest number of
Covid-19 cases as you explore below and that lower income neighborhood had a
higher ratio of cases recorded.

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EDUCATION ATTAINMENT

Neighborhoods with the lowest household income also housed residents that have
the lowest level of education (less than a high school degree).

Preliminary findings from the research indicate that low-income and
low-education areas were directly correlated with Covid-19 cases, while higher
education and income areas were less susceptible. Spatial differences in the
incidence of Covid-19 were caused by socio-economics. They also had an effect on
differences in housing markets over the last year...

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April 2020
May 2020
June 2020
July 2020
August 2020
September 2020
October 2020
November 2020
December 2020


ZILLOW HOME VALUE INDEX

Additionally, according to Zillow, one of the leading real estate marketplace
companies, the poorest and least educated neighborhoods are also the ones with
some of the lowest home value prices in the city of Miami..

Nationally, rent indices in dense urban areas have fallen by x% percent and home
values have fallen by y% percent, where they've either still grown or
experienced a more shallow decline in less dense areas. As Covid-19 forced
employment centers and the accommodations industry to close, it became less
valuable to be in proximity of those places and more valuable to be further from
potential hotspots.

Pay attention to what zip codes have been hit the hardest by Covid-19. Now see
how home values and rent indices have changed over the same period...

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April 2020
May 2020
June 2020
July 2020
August 2020
September 2020
October 2020
November 2020
December 2020


COVID-19 CASES

In the city of Miami, home values have changed by x% in areas with higher than
average numbers of Covid-19 cases and changed by y% in areas with lower than
average, and rent indices did this. Ultimately, the research found a negative
correlation between cumulative Covid-19 cases and growth in Zillow rent and home
value indices.

The spatial inequities of Covid-19 present diverse implications for policy to
help the city's recovery - ranging from allocation of resources and combating
vaccine hesitancy to providing housing and re-employment assistance.

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DATASET



Economic Vulnerability Index

Industry Health Index

Income

Education

Covid-19 cases

Zillow Prices