Living in Coral Terrace, Florida
Cost of living, income, home prices, rent and demographics of Coral Terrace · Census data 2020–2024
Coral Terrace has 24,895 residents with a median age of 44.7. The median household income is $80,353 (8% higher than the Florida median), the median home value is $582,900, the median rent is $1,759/month.
Coral Terrace at a glance
- Population
- 24,895
- Median age
- 44.7State: 42.6
- Median household income
- $80,353State: $74,568
- Median home value
- $582,900State: $359,000
- Median rent
- $1,759/moState: $1,669
- Homeowners
- 60.3%
- Bachelor's degree or higher
- 29.4%
- Average commute
- 26 min
Is Coral Terrace a good place to live?
Pros: Median household income 8% higher than the Florida median; an average commute of 26 minutes; unemployment of 3.8%; a poverty rate of 10.8%.
Cons: Home values 62% higher than the state median.
The weather is best in February–March and November–December.
Cost of living in Coral Terrace
Housing is the biggest part of the cost of living. In Coral Terrace the median home value is $582,900, 75% higher than the U.S. median. Renters pay a median of $1,759 per month, which is 33.7% of household income. Homeowners with a mortgage pay $2,263 a month in housing costs.
Coral Terrace median household income
The median household income in Coral Terrace is $80,353 and the income per person is $35,490. 10.8% of residents live below the poverty line (Florida: 12.6%).
Housing in Coral Terrace: homes for sale and rent
- Housing units
- 8,692
- Owner-occupied
- 60.3%
- Renter-occupied
- 39.7%
- Vacant
- 5.5%Includes seasonal homes
- Median year built
- 1957
- Average household size
- 2.98
Coral Terrace demographics
- Population
- 24,895
- Median age
- 44.7
- Under 18
- 17.3%
- 65 and older
- 22.2%
- Households
- 8,210
- Foreign-born
- 62.5%
- Veterans
- 1%Adults 18+
Hispanic or Latino can be of any race. Population history of Coral Terrace ›
Education in Coral Terrace
29.4% of adults 25 and older in Coral Terrace have a bachelor's degree or higher (Florida: 34.1%), and 8.5% have a graduate or professional degree.
Jobs and commute in Coral Terrace
- Unemployment rate
- 3.8%State: 4.8%
- Average commute
- 26 minState: 28 min
- Work from home
- 16.3%
- Drive alone
- 70.9%
- Public transit
- 1%
- Walk to work
- 0.9%
- Homes with broadband
- 88.5%
Coral Terrace vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Coral Terrace | 24,895 | $80,353 | $582,900 | $1,759 |
| West Miami | 7,162 | $61,274 | $488,800 | $2,210 |
| Olympia Heights | 12,399 | $108,958 | $557,500 | $2,124 |
| Glenvar Heights | 19,395 | $72,118 | $545,400 | $1,973 |
| South Miami | 12,277 | $94,507 | $829,400 | $1,764 |
| Westchester | 52,032 | $72,262 | $508,700 | $1,819 |
| Fountainebleau | 55,665 | $64,908 | $320,200 | $2,094 |
| Sunset | 13,535 | $109,401 | $601,300 | $2,118 |
| Westwood Lakes | 10,553 | $86,040 | $518,500 | $2,472 |
More for people moving to Coral Terrace
Coral Terrace ZIP code ›Weather and climate ›Living in Coral Terrace: FAQ
What is the median household income in Coral Terrace, FL?
The median household income in Coral Terrace is $80,353, 8% 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 Terrace?
The median home value in Coral Terrace is $582,900, compared with $359,000 in Florida.
How much is rent in Coral Terrace?
The median gross rent in Coral Terrace is $1,759 per month, about 33.7% of household income.
Is Coral Terrace, FL a good place to live?
Pluses: median household income 8% higher than the Florida median; an average commute of 26 minutes; unemployment of 3.8%; a poverty rate of 10.8%. Minuses: home values 62% higher than the state median.
What is the median age in Coral Terrace?
The median age in Coral Terrace is 44.7 years (Florida: 42.6).
How long is the commute in Coral Terrace?
The average commute to work in Coral Terrace is 26 minutes; 16.3% of workers work from home.
What is the unemployment rate in Coral Terrace?
The unemployment rate in Coral Terrace is 3.8% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Coral Terrace?
29.4% of adults in Coral Terrace 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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