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 191, which is 1.9x higher than the national index of 100.
Compared to Florida, Coral Gables has a cost of living index that's 1.8x higher than Florida's index of 104.
The standard of living in Coral Gables ranks as #457 most affordable out of the 462 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:
Coral Gables Cost Of Living Vs. Florida
Six factors go into calculating the cost of living index in Coral Gables. Here is how it fares on each of the criteria:
The Services index in Coral Gables is 103.
The Groceries index in Coral Gables is 102.
The Health index in Coral Gables is 394.
The Housing index in Coral Gables is 104.
The Transportation index in Coral Gables is 111.
The Utilities index in Coral Gables is 111.
| Living Expense | Coral Gables | Florida | National Average |
|---|---|---|---|
| Overall | 191 | 104 | 100 |
| Services | 103 | 101 | 100 |
| Groceries | 102 | 105 | 100 |
| Health | 394 | 99 | 100 |
| Housing | 104 | 104 | 100 |
| Transportation | 111 | 109 | 100 |
| Utilities | 111 | 105 | 100 |
Coral Gables Cost Of Living Compared To Florida Averages
Index where 100 = national average. Source: cost-of-living index 2026.
For more reading on cost of living around Florida, check out:
Protect your home budget Compare home warranties in Coral Gables Get matched →Source: Cost-of-living index 2026, normalized to US average = 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 2020-2024. The key points are:
The Median Home Value in Coral Gables is $1,516,825.
The Median Rent in Coral Gables is $2,373.
The Median Income in Coral Gables is $134,216.
The Home Value To Income in Coral Gables is 11.3x.
The Rent To Monthly Income in Coral Gables is 0.21x.
| Statistic | Coral Gables | Florida | United States |
|---|---|---|---|
| Median Home Value | $1,516,825 | $375,661 | $332,700 |
| Median Rent | $2,373 | $1,669 | $1,413 |
| Median Income | $134,216 | $74,568 | $80,734 |
| Home Value To Income | 11.3x | 5.0x | 4.1x |
| Rent To Monthly Income | 0.21x | 0.27x | 0.21x |
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
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 129, 0.7x Coral Gables.
Kendale Lakes, FL has a cost of living index of 120, 0.6x Coral Gables.
Tamiami, FL has a cost of living index of 126, 0.7x Coral Gables.
| City | Population | Cost Of Living | Vs. Coral Gables |
|---|---|---|---|
| Kendall, FL | 79,562 | 129 | 0.7x |
| Kendale Lakes, FL | 52,622 | 120 | 0.6x |
| Tamiami, FL | 49,752 | 126 | 0.7x |
| Richmond West, FL | 35,593 | 133 | 0.7x |
| Miami Lakes, FL | 31,553 | 134 | 0.7x |
| Coral Terrace, FL | 24,895 | 128 | 0.7x |
| Palmetto Bay, FL | 24,639 | 154 | 0.8x |
| The Crossings, FL | 22,963 | 126 | 0.7x |
| Glenvar Heights, FL | 19,395 | 131 | 0.7x |
| Country Walk, FL | 19,291 | 132 | 0.7x |
