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Score: 82.2/100. 6.2M people. $56K income.
Precision Location Data
Best Retail Store Location in Miami
With 449K residents and $56K average household income, Miami presents a high growth opportunity for retail stores operating in the $48/sqft commercial market.
Capital requirements for Miami: $120K startup facing $56K earning households at 2.1x leverage.
82/100 opportunity score
6,184,000 metro residents
$56,000 average income
65/100 launch timing score
Good - Favorable Window
449K
Population Size
$56K
Per-Capita Income
High
Business Density
5
Major Industries
Interactive Location Finder
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Retail Store Finder
Miami, United States
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✓ Competitor map
✓ Foot traffic data
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Competitor Locations
Opportunity Zones
High Traffic Areas
6,184,000 potential customers in metro area
500+ businesses helped
Real-time market data
AI-powered recommendations
Market Analysis
Viability Index: Retail Store in Miami
Competitive dynamics unique to Miami
82
/ 100
Market Opportunity
Based on 7 comprehensive market factors
Good Prospects
Financial Overview
Average Startup Cost
$120,000
Industry Success Rate
32%
Expected ROI Timeline
12-24 months
Customer Draw Radius
2,000m
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Unique Market Intelligence
The 6M Consumer Opportunity
rigorous competitive analysis
Market Position
Miami positioning
Capital requirements for Miami: $120K startup facing $56K earning households at 2.1x leverage.
Real estate: $48 per sqft, pedestrian index 88/100, projecting $48,000 monthly occupancy cost.
Market scale: 6.2M population × $56K income = $346B consumer spending power.
High competition meets high growth at 2.1x startup-to-income ratio.
Success factors combine to 78/100: cost ratio 2.1x, traffic score 88, rent $48/sqft.
Primary sectors (Tourism, Finance) power the $56K household base.
Market growing at 2.5% annually. High competitive environment. Stable outlook.
$120K startup. 26 local income-months to break even.
Competitive Position
National ranking for retail stores
Score: 82.2/100. 6.2M people. $56K income.
Retail Store costs $120K to open. Income ratio: 0.47x.
Traffic: 88. Rent: $48/sqft. Income: $56K.
High growth. High competition. Score: 82.2.
6.2M metro. $48/sqft rent. 88 foot traffic.
$120K startup. $48,000/mo rent. 26 income-months to recoup.
Score 82.2 despite high competition. Market is proven.
$346.3B total income across 6.2M people.
Strategic Recommendations
Actionable strategies tailored for Miami
High growth. High competition. Plan accordingly.
Traffic: 88. Rent: $48/sqft. $48,000/mo for 1000 sqft.
$56K income. Standard pricing. Test and adjust.
Retail Store: $120K to open. 26 income-months to recoup.
Traffic 88. Rent $48/sqft. Storefront is your marketing.
6.2M people. $56K income. Room for 3-5 locations.
$576,000/yr rent. 1028.6% of local income. Factor that in.
High growth absorbs High competition. Worth entering.
Launch Timing & Momentum
Align your opening window with market-ready signals
Entry Signal
Good - Favorable Window
Strong market conditions support entry. Develop detailed business plan and secure financing within next 3-6 months.
Timing score: 65/100
- 📈 High growth outlook - strong expansion timing
- 🔥 High competition - differentiation critical
- 👥 Exceptional foot traffic (88) - strong discovery
Seasonal Levers
- Holiday shopping
- Back-to-school
- Seasonal merchandise
National Benchmarks
How Miami dominates
based on 88/100 traffic metrics
The $56,000 income profile in Miami positions it 38% higher than the $40,492 national norm.
Commercial rates averaging $48/sqft in Miami sit 48% above the $33/sqft market standard, demanding higher margins.
Pedestrian activity scoring 88/100 in Miami surpasses the 79/100 average by 12%.
The 6.2M regional population outpaces average markets (3.8M) by 61%.
Retail Store Market Analysis for Miami
Why Miami for Retail Stores?
- Metro population of 6,184,000 provides large customer base
- Average income of $56,000 supports retail store spending
- High business density indicates healthy economic activity
- Strong foot traffic opportunities throughout the city
- Strong demographics opportunities throughout the city
Retail Store Success Factors
Foot traffic
Essential
Demographics
Essential
Anchor stores
Essential
Parking
Essential
Competition
Essential
Shopping patterns
Essential
Retail Store Market Insights for Miami
Exceptional foot traffic creates natural customer discovery and impulse purchases
Seasonal Considerations for Miami
Holiday shopping
Back-to-school
Seasonal merchandise
Miami Neighborhood Guide
From downtown to suburban: Miami's opportunity spread
Downtown Miami
High Potential
Highest foot traffic in city
Premium pricing potential
Diverse customer base
Business District
Strong Weekday
Office worker demographics
Peak lunch & after-work hours
Catering opportunities
Suburban Areas
Growth Area
Family-oriented demographics
Lower competition density
Ample parking available
Miami vs Other United States Cities for Retail Stores
| City | Population | Avg Income | Market Score | Action |
|---|---|---|---|---|
| Miami ⭐ | 6,184,000 | $56,000 |
|
Current City |
| Atlanta | 6,307,000 | $71,000 |
|
Details → |
| Plano | 7,760,000 | $102,000 |
|
Compare → |
| Frisco | 7,760,000 | $127,000 |
|
Check it → |
| Fort Lauderdale | 6,166,000 | $73,000 |
|
Review → |
Market Signals
Retail Store Insights Unique to Miami
Every business + city URL now shows a different mix of ratios, rent dynamics, and demand levers.
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In Miami, Foot traffic becomes the tiebreaker because 88/100 foot traffic readings.
03
Miami exceeds Atlanta by -9 points, which drives the city's premium pricing power.
04
Our retail store opportunity index scores Miami at 82/100—reflecting $56,000 resident earnings and 88 traffic rating.
05
Success factors combine to 78/100: cost ratio 2.1x, traffic score 88, rent $48/sqft.
FAQ
Retail Store FAQs for Miami
Each answer references real Miami data so this section is unique across the site.
What makes the Miami market distinctive?
Success factors combine to 78/100: cost ratio 2.1x, traffic score 88, rent $48/sqft.
What operational lever matters most for retail stores in Miami?
Foot traffic should lead your playbook because 88/100 foot traffic readings when launching in Miami.
How does Miami compare to other retail store markets?
Miami's -9-point edge over Atlanta stems from better income demographics and foot traffic patterns.
What playbook works best for retail stores in Miami?
High growth absorbs High competition. Worth entering.
Data Sources & Methodology
Our analysis combines multiple authoritative data sources
Economic Data
- World Bank Open Data
- International Monetary Fund (IMF)
- National Census Bureaus
Business Intelligence
- Ease of Doing Business Index
- Global Innovation Index
- Industry Association Reports
Demographics
- UN Population Division
- Municipal Open Data Portals
- Consumer Expenditure Surveys
Real Estate
- Commercial Real Estate Listings
- CoStar Market Analytics
- Local Zoning Databases
Methodology Note: Our opportunity scores are calculated using a weighted algorithm that considers population density, income levels, competition saturation, commercial rent costs, and industry-specific success factors. Data is refreshed quarterly from authoritative sources. Individual results may vary based on specific business circumstances, local regulations, and market conditions not captured in aggregate data.
Ready to Open Your Retail Store in Miami?
Good - Favorable Window with a 82/100 opportunity score, high competition, and a 88/100 foot traffic index. Strong market conditions support entry. Develop detailed business plan and secure financing within next 3-6 months.