Coral Gables has a population of approximately 47,285 (as of 2013), with a median age of 40. The population is primarily Caucasian (approx. 92%), with 3% African American and 2% Asian. There are fewer married couples (51% compared to the Florida average of 55%), with about 38% of the population having children under the age of 18. Coral Gables is within 8 miles of the following South Florida neighborhoods: North/South Coconut Grove, Downtown Miami, Islands, Coral Way, Wynwood, Overtown, West Flagler, Flagami, Allapattah, and Little Havana.
Cost of Living
The cost of living in Coral Gables is 60% greater than the Florida average, and about 58% greater than the national average. Goods & services, groceries, health care and transportation are all slightly higher in Coral Gables, with housing being significantly higher than the national average. Utilities in Coral Gables are slightly lower than the national average.
The median home price in Coral Gables is $614,700, compared to $181,400 nationally, with median rent at $1,276 (vs. $889). The median home value in Coral Gables is 260% greater than the Florida average and 239% greater than the National average. The median rental rates in Coral Gables is 29% greater than the Florida average and 44% greater than the National average.
There are a total of seven (7) public and eight (8) private schools in Coral Gables. The student to teacher ratio in Coral Gables for public schools is 18:1, which is 4% greater than the Florida student to teacher ratio and 10% greater than the National student to teacher ratio.
The average income per capita in Coral Gables is $54,118, with a median household income of $85,183. The unemployment rate is 4.5%. The income per capita in Coral Gables is 105% greater than the Florida average and 93% greater than the National average. The median household income in Coral Gables is 80% greater than the Florida average and 61% greater than the National average. The median household income in Coral Gables for owner occupied housing is 140% greater than the median household income for renter occupied housing in Coral Gables.
The highest average temperature in Coral Gables is August at 84 degrees. The coldest average temperature in Coral Gables are January and February at 69 degrees. The Coral Gables weather information is based on the average of the previous 3-7 years of data.