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Living In Coral Gables, FL

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.



Frequently Asked Questions About Coral Gables

What is the average rent in Coral Gables?

The average rent of a studio apartment in Coral Gables is $2,956 per month. For a one-bedroom apartment it's $3,511 per month. For a two-bedroom apartment the average rent is $4,538 per month.

What is the average cost of rent for a one-bedroom in Coral Gables?

The average rent of a one-bedroom apartment in Coral Gables is $3,511

Are there any cheap apartments for rent in Coral Gables?

For the best deal, we recommend using our cheap apartments filter.

Are there any pet friendly apartments in Coral Gables?

Apply Apartment Guide's pet friendly filter to see only Coral Gables apartments that accept pets.
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