Cost of Living in Coral Gables, FL
Population: 49,243 • 2026 Data
$130,803
Median Household Income
+69% vs national
$2,121
Median Monthly Rent
+57% vs national
$1,007,500
Median Home Value
+197% vs national
3.5%
Unemployment Rate
Housing in Coral Gables
The median home value in Coral Gables, FL is $1,007,500. Monthly rent for a typical unit averages $2,121, while total monthly housing costs (including utilities and insurance) average $2,517.
Rent-to-income ratio: 19.5%. This is within the recommended 30% threshold, suggesting housing is relatively affordable for median-income earners.
Income and Employment
The median household income in Coral Gables, FL is $130,803. The unemployment rate stands at 3.5%, with a labor force of 24,031 people.
Data Sources
All data from the US Census Bureau American Community Survey 5-Year Estimates. National median figures used for comparison context.