Miami residents are known for their diverse backgrounds, reflecting the city's multicultural environment. Many residents are of Hispanic descent, particularly from Cuba, Puerto Rico, and Colombia, contributing to the vibrant culture and cuisine. The population also includes a significant number of African American, Caribbean, and European communities, making Miami a melting pot of traditions and languages. The city is home to approximately 467,000 people, with a median age of around 40 years. Miami residents enjoy a warm climate, beautiful beaches, and a lively arts scene, including events like Art Basel and the Miami International Film Festival. The economy is driven by tourism, finance, and international trade.