Miami Is Getting Much Richer. It’s Also Getting Smaller.

Written By Miami Homes For All

A wealth boom is powering crucial parts of the metro area’s economy and has shrunk its population

By Arian Campo-Flores May 15, 2026 5:30 am 

The Miami Design District, once a furniture center that fell into disrepair, is now a luxury destination. Scott McIntyre for WSJ

MIAMI—Miami is booming, with waves of wealthy people drawn to the metro area in recent years. Yet there is a countercurrent: Its population is shrinking.

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