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According to recently released Census data, between July 2022 and July 2023, Miami’s population increased by 1.3% making it the tenth fastest growing big city (defined as a population above 250,000).

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Surging housing costs and a fickle labor market, which by one measure still hasn’t recovered from the pandemic are sending many locals packing. Miami-Dade lost 79,535 people through net migration to other parts of Florida or other states between 2020 and 2022. Still, there are reasons for optimism.