M iami - M iami B each - K endall
Short Term Outlook for Miami-Miami Beach-Kendall, FL
March 2022 Forecast
2022:1
2022:2
2022:3
2022:4
2023:1
2023:2
2023:3
2023:4
2024:1
2024:2
2024:3
2024:4
2025:1
Personal Income (Billions $) Total Personal Income Pct Chg Year Ago Wages and Salaries Nonwage Income
171.4 -1.7 88.7 82.7
174.1 4.4 90.5 83.6
176.4 5.0 91.9 84.5
177.7 4.1 92.9 84.8
179.9 5.0 93.9 86.0
181.9 4.5 94.7 87.2
183.6 4.1 95.4 88.3
185.1 4.2 96.0 89.1
187.3 4.1 97.0 90.3
189.8 4.4 98.2 91.6
192.6 4.9 99.6 92.9
195.1 5.4 101.1 94.1
198.0 5.7 102.5 95.5
Real Personal Income (12$) Pct Chg Year Ago
130.2 -6.9
131.4 -0.2
132.5 1.2
133.0 1.5
134.1 3.1
135.0 2.8
135.7 2.4
136.2 2.4
137.1 2.2
138.3 2.4
139.6 2.9
140.8 3.4
142.1 3.6
Per Capita Income (Ths) Real Per Capita Income (12$)
64.2 48.8
65.2 49.3
66.1 49.7
66.6 49.9
67.5 50.3
68.2 50.6
68.7 50.8
69.1 50.9
69.8 51.1
70.6 51.5
71.5 51.9
72.3 52.2
73.2 52.6
Average Annual Wage (Ths) Pct Chg Year Ago
73.8 7.5
74.8 5.1
75.5 4.5
76.0 4.0
76.5 3.7
77.0 2.9
77.5 2.6
78.0 2.7
78.7 2.9
79.5 3.3
80.4 3.7
81.2 4.1
82.1 4.2
Establishment Employment (Place of Work, Thousands, SA) Total Employment Pct Chg Year Ago
1194.6 6.0
1202.6 5.1
1210.1 4.0
1215.6 2.8
1220.5 2.2
1222.8 1.7
1223.5 1.1
1223.6 0.7
1224.7 0.3
1227.9 0.4
1232.6 0.7
1237.0 1.1
1241.3 1.4
Manufacturing Pct Chg Year Ago
42.1 4.0
42.2 4.3
42.0 3.5
42.2 0.9
41.7 -0.8
41.7 -1.1
41.6 -1.1
41.5 -1.6
41.4 -0.9
41.3 -1.0
41.1 -1.1
40.9 -1.3
40.7 -1.6
Nonmanufacturing Pct Chg Year Ago
1152.6 6.0
1160.5 5.1
1168.1 4.1
1173.4 2.8
1178.8 2.3
1181.2 1.8
1182.0 1.2
1182.1 0.7
1183.3 0.4
1186.6 0.5
1191.5 0.8
1196.1 1.2
1200.6 1.5
53.1 0.8
53.4 5.5
53.6 6.6
53.9 2.5
54.1 1.8
54.0 1.2
53.8 0.3
53.6 -0.6
53.4 -1.3
53.4 -1.1
53.6 -0.5
53.8 0.4
54.1 1.2
Trade, Trans, & Utilities Pct Chg Year Ago
296.9 6.0
299.6 6.2
300.3 4.9
297.1 1.4
296.3 -0.2
297.8 -0.6
296.5 -1.3
296.2 -0.3
295.1 -0.4
293.1 -1.6
293.2 -1.1
293.5 -0.9
293.9 -0.4
Wholesale Trade Retail Trade Trans, Wrhsng, & Util
71.8 136.3 88.8
72.4 137.5 89.8
75.0 133.5 91.8
75.7 129.3 92.1
76.5 127.0 92.9
76.3 129.0 92.5
76.3 127.7 92.5
76.6 127.0 92.6
77.3 124.6 93.2
78.2 120.8 94.1
78.9 119.8 94.5
79.6 118.7 95.1
80.3 117.5 96.1
Information Pct Chg Year Ago
18.6 1.4
18.7 2.4
18.8 1.7
19.0 2.8
19.1 2.3
19.2 2.4
18.9 0.2
18.6 -1.9
18.7 -1.9
18.9 -1.4
19.1 1.3
19.2 3.3
19.4 3.8
Financial Activities Pct Chg Year Ago
85.3 4.8
85.3 4.6
86.2 1.8
85.5 0.4
85.0 -0.3
83.5 -2.0
82.6 -4.2
82.0 -4.2
81.7 -3.9
81.7 -2.2
81.6 -1.1
81.6 -0.4
81.5 -0.2
Prof & Business Services Pct Chg Year Ago
200.6 10.9
201.4 8.0
203.7 7.4
204.4 2.7
206.3 2.9
205.5 2.0
205.5 0.9
206.4 1.0
207.8 0.7
209.2 1.8
210.1 2.2
211.0 2.3
212.3 2.1
Educ & Health Services Pct Chg Year Ago
186.8 0.1
187.8 1.8
188.4 1.2
187.1 0.4
187.0 0.1
186.3 -0.8
186.3 -1.1
186.4 -0.4
187.1 0.0
188.1 1.0
189.3 1.6
190.1 2.0
191.3 2.2
Leisure & Hospitality Pct Chg Year Ago
120.5 16.2
122.1 3.1
123.8 2.4
133.2 14.2
137.5 14.1
141.8 16.1
145.9 17.8
147.0 10.4
147.7 7.4
150.0 5.8
151.9 4.1
153.5 4.4
153.9 4.3
Other Services Pct Chg Year Ago
49.1 8.8
49.6 5.1
50.5 6.1
50.4 3.3
50.3 2.4
49.6 -0.1
49.3 -2.4
49.1 -2.6
49.1 -2.3
49.3 -0.5
49.6 0.7
49.9 1.6
50.2 2.2
Federal Government Pct Chg Year Ago
21.2 -0.4
21.1 2.3
21.0 2.7
20.9 -2.2
20.8 -1.7
20.8 -1.4
20.7 -1.2
20.7 -1.1
20.6 -1.0
20.6 -0.7
20.7 -0.1
20.8 0.5
20.8 1.1
120.5 3.1
121.4 6.1
121.7 3.2
122.1 1.9
122.4 1.6
122.7 1.1
122.5 0.6
122.3 0.2
122.1 -0.3
122.2 -0.4
122.5 0.0
122.8 0.4
123.2 0.9
Population (Ths) Pct Chg Year Ago
2669.4 -0.6
2667.7 -0.5
2666.5 -0.3
2666.1 -0.2
2667.0 -0.1
2668.8 0.0
2672.6 0.2
2677.5 0.4
2682.4 0.6
2687.4 0.7
2692.4 0.7
2697.4 0.7
2703.0 0.8
Labor Force (Ths) Pct Chg Year Ago
1350.9 4.4
1354.2 3.7
1356.1 1.3
1357.6 0.7
1359.6 0.6
1361.8 0.6
1362.5 0.5
1362.0 0.3
1362.1 0.2
1365.2 0.3
1369.6 0.5
1374.8 0.9
1380.0 1.3
4.2
3.8
3.5
3.4
3.4
3.4
3.5
3.6
3.6
3.7
3.8
3.9
4.0
Construction & Mining Pct Chg Year Ago
State & Local Government Pct Chg Year Ago Other Economic Indicators
Unemployment Rate (%) Total Housing Starts Single-Family Multifamily
74
11083.1 10775.7 10758.3 10732.5 10815.3 10884.4 10860.2 10745.5 10682.7 10553.4 10464.8 10468.8 10432.7 3186.4 3339.8 3538.5 3649.3 3698.4 3723.0 3743.1 3781.2 3764.0 3757.7 3775.8 3771.8 3805.6 7896.7 7435.8 7219.8 7083.2 7116.9 7161.4 7117.2 6964.4 6918.6 6795.7 6689.0 6697.0 6627.1
Florida & Metro Forecast / Winter 2022
