Coral Gables, FL Cost Of Living
Cost Of Living In Coral Gables, FL Summary
Cost of living in Coral Gables research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Coral Gables is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Florida, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Coral Gables is 188, with 100 being the average.
The cost of living index in Coral Gables is 1.9x higher than the national average.
Coral Gables ranks as the #454 cheapest in Florida out of 459.
Coral Gables ranks as the #6,252 cheapest out of 6,489 in the US.
The median home value in Coral Gables is $1,468,051.
The median income in Coral Gables is $130,803.
Table Of Contents
Coral Gables's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Coral Gables, FL?
According to the most recent data on the cost of living, Coral Gables has an overall cost of living index of 188, which is 1.9x higher than the national index of 100.
Compared to Florida, Coral Gables has a cost of living index that's 1.9x higher than Florida's index of 97.
The standard of living in Coral Gables ranks as #454 most affordable out of the 459 places we measured in Florida. By definition, that implies Coral Gables ranks as the #5 most expensive place in the Sunshine State.
For more reading on life in Coral Gables, check out:
In Florida
In America
Coral Gables Cost Of Living Vs. Florida
Six factors go into calculating the cost of living index in Coral Gables. Here is how it fairs on each of the criteria:
The Services index in Coral Gables is 107.
The Groceries index in Coral Gables is 106.
The Health index in Coral Gables is 97.
The Housing index in Coral Gables is 382.
The Transportation index in Coral Gables is 102.
The Utilities index in Coral Gables is 104.
| Living Expense | Coral Gables | Florida | National Average | |
|---|---|---|---|---|
| Overall | 188 | 97 | 100 | |
| Services | 107 | 96 | 100 | |
| Groceries | 106 | 99 | 100 | |
| Health | 97 | 98 | 100 | |
| Housing | 382 | 96 | 100 | |
| Transportation | 102 | 97 | 100 | |
| Utilities | 104 | 95 | 100 | |
Coral Gables, FL Housing Cost Breakdown
Housing swings affordability the most between places in Florida, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2019-2023. The key points are:
The Median Home Value in Coral Gables is $1,468,051.
The Median Rent in Coral Gables is $2,121.
The Median Income in Coral Gables is $130,803.
The Home Value To Income in Coral Gables is 11.2x.
The Rent To Monthly Income in Coral Gables is 0.19x.
| Statistic | Coral Gables | Florida | United States |
|---|---|---|---|
| Median Home Value | $1,468,051 | $377,066 | $303,400 |
| Median Rent | $2,121 | $1,564 | $1,348 |
| Median Income | $130,803 | $71,711 | $78,538 |
| Home Value To Income | 11.2x | 5.3x | 3.9x |
| Rent To Monthly Income | 0.19x | 0.26x | 0.21x |
Median Home Value
Median Rent
Median Income
Coral Gables, FL Costs By Category
Detailed Coral Gables Services Costs Vs. Florida
| Item | Coral Gables | Florida |
|---|---|---|
| Shampoo | $1.53 | $1.28 |
| Movie | $14.35 | $12.13 |
| Bowling | $23.67 | $18 |
| Haircut | $20.53 | $24.26 |
| Beauty Salon | $88.07 | $45.56 |
Detailed Coral Gables Groceries Costs Vs. Florida
| Item | Coral Gables | Florida |
|---|---|---|
| Ground Beef | $6.11 | $5.84 |
| Fried Chicken | $1.4 | $1.57 |
| Milk | $4.6 | $4.67 |
| Potatoes | $5.24 | $4.93 |
| Pizza | $14.13 | $12.09 |
| Beer | $11.44 | $10.41 |
| Toothpaste | $3.51 | $3.7 |
Detailed Coral Gables Health Costs Vs. Florida
| Item | Coral Gables | Florida |
|---|---|---|
| Optometrist | $98.49 | $125.68 |
| Doctor | $127.08 | $135.78 |
| Dentist | $107.83 | $113.29 |
Detailed Coral Gables Transportation Costs Vs. Florida
| Item | Coral Gables | Florida |
|---|---|---|
| Gasoline | $3.49 | $3.46 |
| Tire Balancing | $64.09 | $59.92 |
Detailed Coral Gables Utilities Costs Vs. Florida
| Item | Coral Gables | Florida |
|---|---|---|
| All Electricity | $200.94 | $193.99 |
| Phone | $194.37 | $192.25 |
Coral Gables SnackAbility
/10
Cost Of Living In Cities Around Coral Gables
The cost of living varies in the cities and towns around Coral Gables. Here's a quick look at the cost of living in the most populous nearby places:
Kendall, FL has a cost of living index of 134, 0.7x Coral Gables.
Kendale Lakes, FL has a cost of living index of 118, 0.6x Coral Gables.
Tamiami, FL has a cost of living index of 124, 0.7x Coral Gables.
| City | Population | Cost Of Living | Vs. Coral Gables |
|---|---|---|---|
| Kendall, FL | 78,527 | 134 | 0.7x |
| Kendale Lakes, FL | 52,141 | 118 | 0.6x |
| Tamiami, FL | 51,201 | 124 | 0.7x |
| Richmond West, FL | 35,988 | 132 | 0.7x |
| Miami Lakes, FL | 30,731 | 136 | 0.7x |
| Palmetto Bay, FL | 24,247 | 151 | 0.8x |
| Coral Terrace, FL | 24,051 | 128 | 0.7x |
| The Crossings, FL | 22,359 | 125 | 0.7x |
| Country Walk, FL | 18,693 | 133 | 0.7x |
| Glenvar Heights, FL | 18,488 | 130 | 0.7x |
