Last updated: 2024 BLS data · Page refreshed:
Coral Gables has a population of 49,802 with a median age of 39.1. Here is the racial and ethnic breakdown of the population:
| Demographic | Value |
|---|---|
| Total Population | 49,802 |
| Median Age | 39.1 |
| White | 46.2% |
| Black or African American | 4.1% |
| Asian | 3.3% |
| Hispanic or Latino | 56.6% |
The median household income in Coral Gables is $134,216, which is 66.5% above the national median of $80,610. The per capita income is $87,693. The poverty rate is 9.4%.
The unemployment rate in Coral Gables is 2.7%, compared to the national rate of 4.1%.
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In Coral Gables, 96.9% of residents age 25+ have a high school diploma or higher, and 73.6% hold a bachelor's degree or higher (41.5% with a graduate or professional degree).
| Education Level | % of Adults (25+) |
|---|---|
| High School Diploma or Higher | 96.9% |
| Bachelor's Degree or Higher | 73.6% |
| Graduate or Professional Degree | 41.5% |
The median home value in Coral Gables is $1,089,900, above the national median of $303,400. The median monthly rent is $2,373. The homeownership rate is 64.5%.
| Housing Metric | Value |
|---|---|
| Median Home Value | $1,089,900 |
| Median Monthly Rent | $2,373 |
| Homeownership Rate | 64.5% |
| Vacancy Rate | 12.8% |
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