© 2022 WLRN
Play Live Radio
Next Up:
Available On Air Stations

Miami-Dade Incomes Are Now Below Where They Were In 1970

Since 1970, incomes in Miami-Dade county have declined 8 percent.

Unemployment in Miami-Dade has never been lower.

Unfortunately, the same can also be said of incomes.

A new calculation shows that the median household income in Miami-Dade has actually decreased over the past five decades—to $45,900 in 2016 from $49,800 in 1970.

That's according to Alan Berube, senior fellow and deputy director at the Brookings Institution Metropolitan Policy Program. Berube is keynote speaker at today's Annual Metro Forum: State of the South Florida Economy presentation at the FIU Metropolitan Center.

Read more from our news partner, The Miami Herald.