Coral Gables, FL
Population 49,243 · Florida
About Coral Gables, FL
Coral Gables is a mid-sized city located in Florida with a population of 49,243 residents according to the latest US Census Bureau American Community Survey data. The median household income is $130,803 per year, which is 74% above the national median of $75,149. The median age of 39 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Coral Gables features a median home value of $1,007,500, which is 311% above the national median of $244,900. This places Coral Gables in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $2,121, 82% above the national average of $1,163/month. Of the 21,906 total housing units, 64% are owner-occupied (12,101 units) and 36% are renter-occupied (6,840 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in Coral Gables shows an unemployment rate of 3.5%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 9.1%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Coral Gables have an average one-way commute time of 24.3 minutes.
Education & Demographics
71.9% of Coral Gables residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This significantly higher educational attainment rate often correlates with access to knowledge-economy jobs and higher household incomes. The community's demographic composition includes 2.7% White, 0.9% Hispanic or Latino, 2.8% Black or African American, and 24.4% Asian residents, with 38.5% of the population being foreign-born.
How Coral Gables Ranks in Florida
Cost of Living in Coral Gables, FL
Compared to national averages, Coral Gables has a median household income of $130,803 (74% above the national median of $75,149). Home values average $1,007,500, which is 311% above the national median. Monthly rent at $2,121 is 82% above the US average of $1,163. Within Florida, Coral Gables's income is 72% above the state average of $75,893, and home values are 185% above the state median of $353,675.
Why Live in Coral Gables, FL?
Coral Gables offers a strong local economy with a median household income of $130,803, well above the national average, and a strong job market with an unemployment rate of just 3.5%, and a well-educated community where 71.9% of residents hold a bachelor’s degree or higher. Additionally, the city features a low poverty rate of 9.1%, better than the national average, and short commute times averaging just 24.3 minutes.
Potential considerations include a competitive housing market where the typical home costs $1,007,500. However, Coral Gables’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Coral Gables has a population of 49,243 with a median age of 39 years. Compare Coral Gables with other cities to see how it stacks up, or explore all cities in Florida.
Similar Cities Near Coral Gables
Cities in Florida with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Titusville | 49,004 | $64,898 | $243,100 | Compare |
| University CDP (Hillsborough County), Florida | 48,868 | $36,483 | $146,400 | Compare |
| Fort Pierce | 48,094 | $46,745 | $220,500 | Compare |
| Ocoee | 47,885 | $93,292 | $368,900 | Compare |
| Country Club | 51,000 | $70,974 | $340,900 | Compare |
| Tamiami | 51,201 | $78,916 | $451,400 | Compare |
| Winter Garden | 47,182 | $106,371 | $428,200 | Compare |
| Kendale Lakes | 52,141 | $69,150 | $378,100 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Florida
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Coral Gables With Other Cities
Frequently Asked Questions about Coral Gables
What is the population of Coral Gables, FL?
The population of Coral Gables, FL is 49,243 according to the latest US Census Bureau American Community Survey estimates. This makes it a mid-sized city in Florida.
What is the median household income in Coral Gables?
The median household income in Coral Gables, FL is $130,803 per year, which is 74% above the national median of $75,149.
What is the median home value in Coral Gables?
The median home value in Coral Gables, FL is $1,007,500, which is 311% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Coral Gables?
The median monthly rent in Coral Gables, FL is $2,121, which is 82% above the national average of $1,163/month.
What is the unemployment rate in Coral Gables?
The unemployment rate in Coral Gables, FL is 3.5%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Coral Gables, FL a good place to live?
Coral Gables offers above-average incomes, a competitive housing market, and a strong job market. With a population of 49,243 and a median age of 39, the city appeals to a broad range of residents.
How educated is Coral Gables, FL?
71.9% of residents in Coral Gables aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Coral Gables?
Key cost-of-living indicators for Coral Gables, FL: median home value is $1,007,500 (311% above national), median rent is $2,121/month, and median household income is $130,803. The home-value-to-income ratio is 7.7x, which suggests housing may be stretched relative to local earnings.
What is the poverty rate in Coral Gables?
The poverty rate in Coral Gables, FL is 9.1%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Coral Gables, FL?
Coral Gables's population is 2.7% White, 0.9% Hispanic or Latino, 2.8% Black or African American, 24.4% Asian, and 3.5% two or more races. 38.5% of residents are foreign-born.