Is Coral Gables, FL a Good Place to Live?
Coral Gables is a small city of 49,696 in Florida, with a median household income of $118,203 and a 4.8% unemployment rate. Its cost of living index is 112 (US average = 100), which is 12% above the national average.
Strengths: Coral Gables stands out for solid school ratings (A-), a well-educated population, short average commutes.
Trade-offs: Potential downsides include an above-average cost of living, high home prices. Whether Coral Gables is right for you depends on your priorities — the full breakdown is below.
All Coral Gables city data on this page comes from official government sources — the US Census Bureau, FBI, NCES, BEA, and NOAA — updated annually.
Cost of Living
Index: 111.8Coral Gables's overall cost of living index is 111.8, where 100 represents the US national average. Living in Coral Gables costs roughly 12% more than the average American city.
| Metric | Coral Gables, FL | National Avg |
|---|---|---|
| Median Home Value | $952,000 | $244,900 |
| Median Monthly Rent | $1,954 | $1,163 |
| Homeownership Rate | 64.3% | 65.9% |
| Median Household Income | $118,203 | $74,755 |
Crime & Safety
Very SafeCoral Gables's violent crime rate is 129.6 per 100,000 residents — 66% lower than the national average of ~380 per 100,000.
Vertical marker = national average. Source: FBI UCR Program.
Schools & Education
Coral Gables is served primarily by MIAMI-DADE. The student-to-teacher ratio is 19.4:1 (slightly above the national average of ~16:1).
| Metric | Coral Gables, FL | National Avg |
|---|---|---|
| School District | MIAMI-DADE | — |
| Elementary Schools | 288 | — |
| Middle Schools | 77 | — |
| High Schools | 130 | — |
| Student/Teacher Ratio | 19.4:1 | 16:1 |
| Bachelor's Degree or Higher | 70.1% | 35.4% |
| High School Diploma or Higher | 97.0% | 91.1% |
Weather & Climate
Coral Gables sees average highs of 74.5°F in January and 88.6°F in July, with 51.0 inches of annual precipitation .
| Metric | Coral Gables, FL |
|---|---|
| Average High — January | 74.5°F |
| Average High — July | 88.6°F |
| Annual Precipitation | 51.0" |
| Annual Snowfall | Trace / None |
Demographics
| Metric | Coral Gables, FL | National Avg |
|---|---|---|
| Population | 49,696 | — |
| Median Age | 39.3 | 38.9 |
| Unemployment Rate | 4.8% | 3.7% |
| Avg Commute Time | 24.7 min | 26 min |
| White (non-Hispanic) | 62.0% | 59.3% |
| Black or African American | 4.0% | 13.6% |
| Hispanic or Latino | 29.1% | 18.9% |
| Asian | 3.6% | 6.3% |
| Under 18 | 17.0% | 22.2% |
| 65 and over | 19.4% | 16.8% |
Nearby Cities
ZIP Codes in Coral Gables
Coral Gables, FL is covered by 2 ZIP codes: