Many things matter about a neighborhood, but the first thing most people notice
is the way a neighborhood looks and its particular character. For example, one
might notice whether the buildings all date from a certain time period or whether
shop signs are in multiple languages. This particular neighborhood in Miami,
the Coconut Grove neighborhood, has some outstanding things about the way it
looks and its way of life that are worth highlighting.
Notable & Unique: Real Estate
Coconut Grove is a neighborhood that is on the ocean, a bay, or inlet.
Many times, such places have amenities that bring locals and visitors to the
waterfront for recreational activities or to check out the scenery.
In some densely populated areas that are less financially well-off, the neighborhood
waterfront can be relatively industrial and less open to recreation.
In addition to being coastal, Coconut Grove is a very nautical neighborhood,
meaning that it is somewhat historic, walkable, densely populated and
on the water. This gives the neighborhood a very nautical feel,
with some seaside and shipping feel, which some may really enjoy the sights
and sounds of.
Notable & Unique: Diversity
Did you know that the Coconut Grove neighborhood has more
Cuban and South American ancestry people living in it than nearly
any neighborhood in America? It's true! In fact, 11.9% of
this neighborhood's residents have Cuban ancestry and 15.2% have South American ancestry.
Coconut Grove is also pretty special linguistically. Significantly, 2.5% of its residents five years old and above primarily
speak Italian at home. While this may seem like a small percentage, it is higher
than 98.2% of the neighborhoods in America.
Notable & Unique: People
A majority of the adults in the Coconut Grove neighborhood
are wealthy and educated executives. They own stately
homes that tend to maintain high real estate appreciation rates. Their
upper-level careers keep them busy, but allow them to live comfortably.
If you're an executive and want to keep similar company, consider settling
in this neighborhood, rated as an executive lifestyle
"best choice" neighborhood for Florida by NeighborhoodScout's analysis,
which rated it as better for executive lifestyles than 99.2%
of the neighborhoods in Florida.
In addition to being an excellent choice for highly educated executives, this
neighborhood is also a very good choice for urban sophisticates, families with school-aged children and college students.
In addition, wealth makes most things in life easier, and a few things harder.
If you are wealthy and enjoy keeping up with the Jones', this neighborhood
will interest you. In fact, according to NeighborhoodScout's research,
the Coconut Grove neighborhood is wealthier than 98.1%
of the neighborhoods in the United States. Residents here are truly in
a unique situation even when compared to other Americans, based on the
shear amount of wealth concentrated here. Even in times of economic
downturn, residents of this neighborhood, as a group, suffered less
and recovered more quickly. This is indeed a stand-out characteristic
of this neighborhood.
Also, do you like to read, write, and learn? Are you curious about the world? If
so, this neighborhood may be a good fit for you. NeighborhoodScout's research
revealed that a full 74.9% of the adults living in the
Coconut Grove neighborhood have earned at least a bachelor's
degree. This is a higher rate than NeighborhoodScout found in 97.9%
of U.S. neighborhoods. In this way, this neighborhood truly stands out.
Notable & Unique: Occupations
Executives, managers and professionals make up 69.8% of the workforce
in the Coconut Grove neighborhood which, according to
NeighborhoodScout's exclusive analysis, is a higher proportion of such
high-level people than is found in 98.1% of the neighborhoods
in America. For this reason, this neighborhood really stands out as unique.
Notable & Unique: Modes of Transportation
In the Coconut Grove neighborhood, many people's commute means
walking from the bedroom to the home office. NeighborhoodScout's analysis
found that 13.7% of residents worked from home. This may not
seem like a large number, but Scout's research shows that this is a higher
percentage of people working from home than 97.7% of the
neighborhoods in America. Often people who work from home are engaged in
the creative or technological economy, such as is found in areas around Boston,
and in Silicon Valley. Other times, people may be engaged in other businesses
like trading stocks from home, or running a small beauty salon.