ALICE in Miami-Dade County
Population: 2,693,117 | Number of Households: 857,712 (up by almost 19,000)
Median Household Income: $43,786 (state average: $49,426)
Poverty Households: 179,084 (21%)
ALICE Households: 288,076 to 340,726 (34% to 40%)
Households Below ALICE Threshold: 467,160 to 519,810 (55% to 61%)
How many households are struggling?
ALICE, an acronym for Asset Limited, Income Constrained, Employed, are households that earn more than the U.S. poverty level, but less than the basic cost of living for the county. Combined, the number of poverty and ALICE households equals the total population struggling to afford basic needs.
The ALICE Report uses income data from the American Community Survey (ACS). The Household Survival Budget for the average Miami-Dade County household is around $56,000, but the ACS only provides data for families that make $50,000 or $60,000. Since the average budget is near the middle of these two income levels, we created a range to avoid over or understating ALICE in our community. The range of ALICE Households in Miami-Dade is 34% to 40%, with a much truer number being closer to 37% ALICE.* This, coupled with 21% of households that are in poverty, leaves 58% of households in Miami-Dade struggling to make ends meet.
What does it cost to afford the basic necessities in Miami-Dade County?
This bare-minimum budget does not allow for any savings, leaving a household vulnerable to unexpected expenses. Affording only a very modest living in each community, this budget is still significantly more than the U.S. poverty rate of $11,170 for a single adult and $23,050 for a family of four.