The South Florida market is a mecca for those seeking sunny days, hot nights, and scrumptious cuisine. It boasts a vibrant economy, a well-trained workforce, and a central location near domestic and global routes. The combined South Florida market ranks sixth in the nation for both total population and households.
- Total population: 6.2 million
- Total households: 2.3 million
Effective buying income in 2007 was $118 billion, with total retail sales expenditures at $102 billion. However, the South Florida MSA consists of two DMA’s, the Miami/Fort Lauderdale DMA and the West Palm Beach/Fort Pierce DMA. The most affluent part within these market areas is Broward/Palm Beach. Over 3 million people reside in the Broward/Palm Beach area.
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Source: Claritas Inc., 2007. ** Breaking down the Miami-Fort Lauderdale-West Palm Beach MSA into Broward/Palm Beach counties vs Miami-Dade County and comparing to other Florida MSA’s