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Coral Gables, a small city in Florida, has a population of just under 51,000. Young adults (15-24) make up a higher percentage of the population here (17%) than nationally (14%), meaning they will find no shortage of activities, while young professionals appear in smaller numbers. Home ownership is more common than renting in the area, and 37% of residents rent. With an average rent of $1,597 per month, exceeding the state average by $444/month, relatively high rent costs could play a role in the higher levels of ownership.
Compared to the national average (7%), Coral Gables has a large number of residents over the age of 25 who have advanced degrees, as 14% possess a Master's or a Doctorate. In addition, 20% have earned a Bachelor's degree, which also outpaces the national average. Many Coral Gables residents work in one of four industries: scientific, education, retail, and healthcare. Together, these industries account for 27% of the city's labor force. Meanwhile, looking at job function, many of the city's workers are in management, as 11% of the city's population reports this as their field of work, the highest number of any field. Coral Gables workers earn an average annual income of almost $114,000, more than the state average. Coral Gables's average income also compares favorably to the national average ($73,345).
Coral Gables has an average commute time of about 27 minutes. Driving is the most common way to get to work, selected by 39% of residents, while public transit is not widely used. Few workers (2%) commute on foot, though the number exceeds the national average.
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