Cost of Living in Coral Gables, Florida
Coral Gables has a population of about 49,802. The median household income is $134,216, median gross rent is $2,373/month, and the median home value is $1,089,900. These figures come from 2020-2024 ACS 5-Year estimates, the latest full-coverage Census baseline for U.S. cities.
How current is this? Census city data is released with a lag because it is survey-based and designed for consistent coverage across small and large places. Use it as an official affordability baseline; current apartment listings and mortgage rates may differ.
Is Coral Gables expensive to live in?
Compared with the national median in this dataset, rent in Coral Gables is 43% above the national median and home values are 191% above the national median. Household income here is 60% above the national median. Monthly rent represents roughly 21% of the median annual household income, a rough affordability signal for renters.
Frequently asked questions
What is the average rent in Coral Gables?
The median gross rent in Coral Gables, Florida is $2,373 per month in the 2020-2024 ACS 5-Year estimates.
What is the median home price in Coral Gables?
The median owner-occupied home value in Coral Gables is $1,089,900 in the 2020-2024 ACS 5-Year estimates.
How much do people earn in Coral Gables?
The median household income in Coral Gables is $134,216 per year in the 2020-2024 ACS 5-Year estimates.
Data source: U.S. Census Bureau, 2020-2024 ACS 5-Year Estimates. Local database last refreshed 2026-07-11.