Living in Coral Gables, Florida
Cost of living, income, home prices, rent and demographics of Coral Gables · Census data 2020–2024
Coral Gables has 49,802 residents with a median age of 39.1. The median household income is $134,216 (80% higher than the Florida median), the median home value is $1,089,900, the median rent is $2,373/month.
Coral Gables at a glance
- Population
- 49,802
- Median age
- 39.1State: 42.6
- Median household income
- $134,216State: $74,568
- Median home value
- $1,089,900State: $359,000
- Median rent
- $2,373/moState: $1,669
- Homeowners
- 64.5%
- Bachelor's degree or higher
- 73.6%
- Average commute
- 24 min
Is Coral Gables a good place to live?
Pros: Median household income 80% higher than the Florida median; an average commute of 24 minutes; unemployment of 3.6%; a poverty rate of 9.4%.
Cons: Home values 204% higher than the state median.
The weather is best in February–March and November–December.
Cost of living in Coral Gables
Housing is the biggest part of the cost of living. In Coral Gables the median home value is $1,089,900, 228% higher than the U.S. median. Renters pay a median of $2,373 per month, which is 33.1% of household income. Homeowners with a mortgage pay $4,001 a month in housing costs.
Coral Gables median household income
The median household income in Coral Gables is $134,216 and the income per person is $87,693. 9.4% of residents live below the poverty line (Florida: 12.6%).
Housing in Coral Gables: homes for sale and rent
- Housing units
- 22,020
- Owner-occupied
- 64.5%
- Renter-occupied
- 35.5%
- Vacant
- 12.8%Includes seasonal homes
- Median year built
- 1969
- Average household size
- 2.28
Coral Gables demographics
- Population
- 49,802
- Median age
- 39.1
- Under 18
- 17.2%
- 65 and older
- 18.9%
- Households
- 19,210
- Foreign-born
- 37.7%
- Veterans
- 2.5%Adults 18+
Hispanic or Latino can be of any race. Population history of Coral Gables ›
Education in Coral Gables
73.6% of adults 25 and older in Coral Gables have a bachelor's degree or higher (Florida: 34.1%), and 41.5% have a graduate or professional degree.
Jobs and commute in Coral Gables
- Unemployment rate
- 3.6%State: 4.8%
- Average commute
- 24 minState: 28 min
- Work from home
- 22.6%
- Drive alone
- 61.9%
- Public transit
- 1.3%
- Walk to work
- 6.1%
- Homes with broadband
- 95.2%
Coral Gables vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Coral Gables | 49,802 | $134,216 | $1,089,900 | $2,373 |
| Pinecrest | 18,462 | $206,417 | $1,406,400 | $1,946 |
| South Miami | 12,277 | $94,507 | $829,400 | $1,764 |
| Glenvar Heights | 19,395 | $72,118 | $545,400 | $1,973 |
| Palmetto Bay | 24,639 | $142,447 | $879,700 | $2,101 |
| Kendall | 79,562 | $87,325 | $567,900 | $1,905 |
| Coral Terrace | 24,895 | $80,353 | $582,900 | $1,759 |
| Sunset | 13,535 | $109,401 | $601,300 | $2,118 |
| Olympia Heights | 12,399 | $108,958 | $557,500 | $2,124 |
More for people moving to Coral Gables
Coral Gables ZIP code ›Weather and climate ›Living in Coral Gables: FAQ
What is the median household income in Coral Gables, FL?
The median household income in Coral Gables is $134,216, 80% higher than the Florida median of $74,568 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Coral Gables?
The median home value in Coral Gables is $1,089,900, compared with $359,000 in Florida.
How much is rent in Coral Gables?
The median gross rent in Coral Gables is $2,373 per month, about 33.1% of household income.
Is Coral Gables, FL a good place to live?
Pluses: median household income 80% higher than the Florida median; an average commute of 24 minutes; unemployment of 3.6%; a poverty rate of 9.4%. Minuses: home values 204% higher than the state median.
What is the median age in Coral Gables?
The median age in Coral Gables is 39.1 years (Florida: 42.6).
How long is the commute in Coral Gables?
The average commute to work in Coral Gables is 24 minutes; 22.6% of workers work from home.
What is the unemployment rate in Coral Gables?
The unemployment rate in Coral Gables is 3.6% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Coral Gables?
73.6% of adults in Coral Gables have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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