Coral Gables, Florida Median Income

Coral Gables, Florida has a population of 49,800, with a median household income of $165,114.

Current median income data for Coral Gables.

$165,114

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Population

49,800

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Median Income

$165,114

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Unemployment

4.20%

🏠

Housing Price

$855,552

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Crime Rate

2.40

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Internet Speed

260.00 Mbps

Coral Gables is a smaller urban community located in Florida. The city has a population that is above the average city population in Florida, contributing to its local economic activity, housing demand, and infrastructure development. Population size can significantly influence transportation systems, commercial growth, educational services, and employment opportunities within the region.

Coral Gables, located in Florida, is a city that reflects important demographic and economic patterns within the region.

Population Overview

Coral Gables has a population of 49,800, which is higher than the state average. This indicates a relatively larger urban presence within Florida.

Income and Economy

The median household income in Coral Gables is $165,114, which is above the state average. This reflects stronger earning potential and economic stability.

Housing Market

Housing prices in Coral Gables average around $855,552, which is relatively high compared to other cities in Florida.

Employment and Safety

The unemployment rate in Coral Gables is 4.20%, which is lower than the state average, indicating a relatively strong job market. Coral Gables has a lower crime rate than the state average, contributing to a relatively safer living environment.

City Comparison

Compared to other cities in Florida, Coral Gables shows distinct differences in population size, economic activity, and housing affordability, making it a unique case for analysis.

As part of Florida, Coral Gables contributes to the broader economic and social landscape, offering insights into regional development.

Frequently Asked Questions about Coral Gables

What is the population of Coral Gables?

The population of Coral Gables is approximately 49,800.

Is Coral Gables a good place to live?

Coral Gables offers a mix of economic conditions, housing affordability, and population size, making it suitable for different types of residents.

What is the average income in Coral Gables?

The median household income in Coral Gables is around $165,114.

How expensive is housing in Coral Gables?

The average housing price in Coral Gables is approximately $855,552.