Moving to
Coral Gables.

All Coral Gables data Compare Coral Gables

49,802people live here $134,216median household income▲ 66% above US $2,373median rent per month▲ 68% above US $1,089,900median home value▲ 228% above US

What it's like to live in Coral Gables

Coral Gables is a small city in Florida with unemployment below the national average, household incomes running above the national average, crime rates well below the national average, and a highly educated workforce. Those factors carry real weight for anyone weighing where to move next.

The tradeoffs are worth naming plainly. Coral Gables deals with rent well above the national average, home prices well above the national average, air quality that falls short of national benchmarks, and larger class sizes than the national average.

The good

Low unemployment
Higher-than-average incomes
Low crime rates
Highly educated workforce

The not so good

Rent well above the national average
High home prices
Air quality concerns
High student-teacher ratio
Above-average rainfall

How Coral Gables compares

Median household income

Coral Gables$134,216

Florida avg$74,568

US$80,734

Median rent (per month)

Coral Gables$2,373

Florida avg$1,669

US$1,413

Median home value

Coral Gables$1,089,900

Florida avg$359,000

US$332,700

What it takes to move to Coral Gables

Based on Coral Gables's median rent, home value and household income

To rent

$4,746

up front: first month plus a typical one-month deposit

Income to keep rent under 30%: $94,920 a year
49% of Coral Gables renters spend 30% or more of their income on rent

To buy

$217,980

a 20% down payment on the median home

With 10% down: $108,990
Homes cost 8.1× the typical local household income (US: 4.1×)

Moving costs, closing costs and taxes not included.

The details

Cost of living▲ 68% above US

$2,373/mo median rent

Rent is expensive here, at $2,373 a month median and well above the national average. This is the kind of city where housing costs deserve serious budgeting before committing to a move. Home prices are steep, with a median around $1,089,900. Renting first to get a feel for the city before buying is often the more practical route.

Median home value $1,089,900 · 49% of renters cost-burdened

Job market▼ 28% below US

3.1% unemployment

Unemployment here is 3.1%, a little below the national average of 4.3%.

City-level (BLS)

Safety▼ 81% below US

61 violent crimes per 100k

Safety is genuinely one of the selling points here. Both violent and property crime run well below the national average, the kind of numbers that fade into the background after a week of living somewhere.

Property crime 999/100k · Coral Gables Police Department · 2025 data

Getting aroundNear US average

24 min average commute

Commutes are reasonable, averaging 23.8 minutes. Nothing heroic, and there's still time left over for a life after work. 7 in 10 workers drive to work; 23% work from home.

How workers get to work

Drive alone

62%

Work from home

23%

Walk

6.1%

Carpool

5.0%

Other

3.1%

Public transit

1.3%

Climate

Summers are warm, with highs around 88°F, and winters are mild, with lows rarely dropping below 65°F. Rainfall is regular throughout the year.

Average month

High °FLow °FPrecip (in)

30-year averages, 1991–2020

Healthcare

1 hospital

There's one Medicare-certified hospital inside city limits, rated 5.0 out of 5 by Medicare. Hospitals in neighboring towns aren't counted here.

Medicare-certified hospitals

Education & workforce▲ 104% above US

74% bachelor's degree or higher

This is a highly educated city, with over half the adult population holding a college degree. That tends to shape the job market and the broader culture, and it's a solid indicator of a strong professional scene.

Schools

8 public schools inside the boundary

There are 8 public schools inside the boundary and 8 private schools. The student-to-teacher ratio is 20:1, slightly above the national average of 16:1.

Parks & recreation

The nearest national park or historic site is Biscayne National Park (13 miles away). There are 3 national parks and sites within a day's drive.

Bottom line

Coral Gables's strongest points are unemployment below the national average and household incomes running above the national average; the main tradeoffs are rent well above the national average and home prices well above the national average. A year of median rent ($2,373/mo) equals 21% of the median household income here, about the same as the 21% typical nationwide. It tends to suit job seekers, anyone prioritizing low crime, and remote workers (23% of workers here already work from home). It may be a harder fit for renters on a tight budget.

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