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Coral Gables, Florida

Last updated: 2024 BLS data · Page refreshed:

City Profile — Demographics, Income, Education & Housing
Data: U.S. Census Bureau, American Community Survey 2024 5-Year Estimates
49,802
Population
$134,216
Median Income
$1,089,900
Home Value
39.1
Median Age

Demographics

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:

Hispanic
56.6%
White
46.2%
Black
4.1%
Asian
3.3%
Demographic Value
Total Population49,802
Median Age39.1
White46.2%
Black or African American4.1%
Asian3.3%
Hispanic or Latino56.6%
Coral Gables, Florida — racial composition (Census ACS 2024)Donut chart of 4 segments totaling 110.Hispanic/Latino: 51.4%White: 41.9%Black: 3.7%Asian: 3.0%49,802PopulationHispanic/LatinoHispanic/Latino51.4%WhiteWhite41.9%BlackBlack3.7%AsianAsian3.0%

Income & Economy

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%.

$134,216
Median Household Income
$87,693
Per Capita Income
9.4%
Poverty Rate

Employment

The unemployment rate in Coral Gables is 2.7%, compared to the national rate of 4.1%.

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Education

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).

HS Diploma+
96.9%
Bachelor's+
73.6%
Graduate+
41.5%
Education Level % of Adults (25+)
High School Diploma or Higher96.9%
Bachelor's Degree or Higher73.6%
Graduate or Professional Degree41.5%

Housing

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%.

$1,089,900
Median Home Value
$2,373/mo
Median Rent
64.5%
Homeownership Rate
Housing Metric Value
Median Home Value$1,089,900
Median Monthly Rent$2,373
Homeownership Rate64.5%
Vacancy Rate12.8%

Salaries in Florida

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Frequently Asked Questions

What is the population of Coral Gables, Florida?
The population of Coral Gables, Florida is 49,802 according to U.S. Census Bureau ACS 2024 5-Year Estimates.
What is the median household income in Coral Gables, Florida?
The median household income in Coral Gables, Florida is $134,216. This is 66.5% above the national median of $80,610.
What is the median home value in Coral Gables, Florida?
The median home value in Coral Gables, Florida is $1,089,900. The median monthly rent is $2,373.
What percentage of people in Coral Gables have a college degree?
In Coral Gables, Florida, 73.6% of adults age 25 and older hold a bachelor's degree or higher, and 96.9% have a high school diploma or higher.
Is Coral Gables, Florida an affordable place to live?
The home price-to-income ratio in Coral Gables, Florida is 8.1x (median home value $1,089,900 vs. median income $134,216), making it relatively expensive by that measure. A ratio under 4.0 is generally considered affordable.

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