Coral Gables, FL Cost of Living


7 Reviews



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How much do I need to live in Coral Gables, Florida?
$18,780 / month
for a family, 247.8% more expensive than the national average A total of $225,360 for the year for a family.
$6,367 / month
for a single person, 33.6% more expensive than the national average A total of $76,400 for the year for a single person.

Coral Gables cost of living score
118.9
More expensive
18.9% higher
than the US average
15.3% higher
than the Florida average
Coral Gables, Florida gets a BestPlaces Cost of Living score of 118.9, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 18.9% higher than the U.S. average and 15.3% lower than the average for Florida.

Coral Gables, FL

Housing costs in Coral Gables?
A typical home costs $1,176,400, which is 247.9% more expensive than the national average of $338,100 and 224.6% more expensive than the average Florida home, at $362,400. Renting a two-bedroom unit in Coral Gables costs $2,380 per month, which is 66.4% more than the national average of $1,430 and 34.5% more than the state average of $1,560.

Can I afford Coral Gables?
To live comfortably in Coral Gables, Florida, a minimum annual income of $225,360 for a family, and $76,400 for a single person is recommended.

What does A.I. say about Coral Gables?
Coral Gables, FL has an overall above average cost of living thanks largely in part to its high real estate values and tax rates when compared other places within Florida and the nation as a whole but can vary depending on neighborhood so one must shop around if they want the best deal available during their search for a place to call home here too.
   Cost of living score
       Higher than 100 is more expensive than the national average.
       Lower than 100 is less expensive.
     CategoriesCoral GablesFloridaUnited States
    Unlock103.1100.0
  114.2  Unlock100.0
    Unlock102.3100.0
  309.5  Unlock100.0
    Unlock$362,400$338,100
  93.6  Unlock100.0
    Unlock112.6100.0
  99.6  Unlock100.0

   100=National Average

   Average Rent by Bedroom Size
Reviews for Coral Gables
    See all (7)

Over 9 years ago

Housing is too  More

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I have lived in Florida, specifically, in Miami-Dade for about 18 years. Having found a glass ceiling up north due to my handicapping name (Guillermo, it could have been  More

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As Coral Gables City Founder George Merrick formulated the initial elements of his dream city in the 1920's , he identified spacious park and open space locations,  More

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