Cost of Living in Coral Gables, FL
Population 49,802 · Census ACS 2020–2024 5-year estimates
The median rent in Coral Gables, FL is $2,373/month, 42% higher than the Florida median and 68% higher than the U.S. median. The median home value is $1,089,900, 228% higher than the national median. Households earn a median of $134,216 a year, 80% higher than the state median.
Affordability
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Coral Gables vs. Florida vs. U.S.
| Coral Gables | Florida | U.S. | |
|---|---|---|---|
| Median rent | $2,373 | $1,669 | $1,413 |
| Median home value | $1,089,900 | $359,000 | $332,700 |
| Median household income | $134,216 | $74,568 | $80,734 |
| Homeownership rate | 64.5% | 67.6% | 65.2% |
| Bachelor's degree or higher | 73.6% | 34.1% | 35.7% |
| Poverty rate | 9.4% | 12.6% | 12.5% |
| Unemployment rate | 3.6% | 4.8% | 5.2% |
| Work from home | 22.6% | 15.7% | 15.1% |
| Median age | 39.1 | 42.6 | 38.9 |
FAQ
What is the average rent in Coral Gables, FL?
The median gross rent in Coral Gables, FL is $2,373 per month (ACS 2020–2024 5-year estimate).
How much do I need to earn to live in Coral Gables, FL?
Using the common 30% rule, renting a median-priced home takes about $94,920 a year in gross income.
Is Coral Gables, FL expensive to live in?
Rent there is 68% higher than the U.S. median, and the median home costs about 8.1 times the median household income.
Other cities in Florida
Cities with a similar cost of living
Source: U.S. Census Bureau, American Community Survey 5-year estimates. Estimates have margins of error, especially for smaller places. This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
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