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
Do you like a coastal setting? If so, this neighborhood may be to your liking.
The Coconut Grove neighborhood is on the ocean, a bay, or inlet.
Often such coastal places have amenities and recreational activities on the waterfront
that are attractive to residents and visitors alike.
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 and families with school-aged children.
In addition, if you come to know the people here, you will recognize that you're
in the company of one of the wealthiest communities in the nation. In
fact, a mere 1.9% of America's neighborhoods are wealthier than the
Coconut Grove neighborhood. Real estate here is exceedingly
well-maintained, and similarly, tends to maintain its value over time.
The cars driven are mostly luxury brands like Mercedes, Audi, BMW, and
Lexus. If the public schools aren't up to snuff, the residents of this
neighborhood preferentially send their children to private preparatory
schools. Vacation to Disney? Yes, but equally popular are summers in Europe.
Also, the rate of college educated adults in the Coconut Grove neighborhood
is a unique characteristic of the neighborhood. 74.9% of
adults here have received at least a 4-year bachelor's degree, compared to
the average neighborhood in America, which has 22.6% of the adults with a
bachelor's degree. The rate here is higher than NeighborhoodScout found in
97.9% of all U.S. neighborhoods.
Notable & Unique: Occupations
The Coconut Grove neighborhood has a higher proportion of
its residents employed as executives, managers and professionals than
98.1% of the neighborhoods in American. In fact, 69.8%
of the employed people here make a living as an executive, a manager, or
other professional. With such a high concentration, this truly shapes
the character of this neighborhood, and to a large degree defines what
this neighborhood is about.
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.