Miami is located on the Atlantic coast in southeastern Florida and has a population of around 430,000. In Miami proper, the majority of homes are condominiums or single family homes. The real estate market is higher than in many other areas of the country, with a median home value of $293,235. The majority of homes were built between 1940 and 1969, although there are a good amount of homes that have been built since 1970.
There are many different diverse neighborhoods in Miami, and it can be broken down into sections. The north side of the city holds the immigrant cities of Little Haiti, Liberty City, and Overtown. It also has Midtown, which contains many residents of diversity as well as wealthier residents. South Miami includes The Roads, Coral Way, and Coconut Grove, which are historic residential neighborhoods and have a lot of bars, restaurants, nightclubs, and bohemian shops. The western portion of Miami is home to many traditional immigrant neighborhoods, such as Little Havana, and is made up of many ethnicities. Downtown Miami is the heart of the city and includes Watson Island, PortMiami, Virginia Key, and Brickell. Downtown has a lot of commercial buildings as well as tourist attractions, parks, and a large population of residents. Just across Biscayne Bay, east of downtown, is South Beach, known for its beaches and nightlife.
Miami is a thriving commercial city and has a strong national and international business community. The largest employers in Miami are Miami-Dade County Public Schools, Miami-Dade County, and the United States government. The PortMiami is among the nation’s busiest ports and also employs a lot of people. Other important industries in Miami include business, finance, and tourism. Many large companies, such as Vector Group, U.S. Century Bank, Espirito Santo Financial Group, Carnival Corporation, Celebrity Cruises, Royal Caribbean Cruise Lines, Perry Ellis International, and Burger King, call Miami home.