Coral Gables is a medium-sized coastal city (i.e. on the ocean, a bay, or inlet) located in the state of Florida. With a population of 49,700 people and 13 constituent neighborhoods, Coral Gables is the 62nd largest community in Florida.
Coral Gables home prices are not only among the most expensive in Florida, but Coral Gables real estate also consistently ranks among the most expensive in America.
Coral Gables is a decidedly white-collar city, with fully 92.43% of the workforce employed in white-collar jobs, well above the national average. Overall, Coral Gables is a city of professionals, managers, and sales and office workers. There are especially a lot of people living in Coral Gables who work in management occupations (20.84%), sales jobs (12.93%), and office and administrative support (9.18%).
Of important note, Coral Gables is also a city of artists. Coral Gables has more artists, designers and people working in media than 90% of the communities in America. This concentration of artists helps shape Coral Gables’s character.
One interesting thing about the economy is that relatively large numbers of people worked from their home: 8.18% of the workforce. While this number may seem small overall, as a fraction of the total workforce this is high compared to the rest of the county. These workers are often telecommuters who work in knowledge-based, white-collar professions. For example, Silicon Valley has large numbers of people who telecommute. Other at-home workers may be self-employed people who operate small businesses out of their homes.
In addition, Coral Gables is a college town. There are a lot of students in Coral Gables attending college, and as a result Coral Gables provides a number of services, amenities and opportunities geared to the needs and activities of students.
Coral Gables, while not large, also appears to be attractive to some younger, educated professionals, who help shape the character of the city.
One of the nice things about Coral Gables is that it is nautical, which means that parts of it are somewhat historic and touch the ocean or tidal bodies of water, such as inlets and bays. Because of this, visitors and locals will often go to these areas to take in the scenery or to enjoy waterfront activities.
For the size of the city, public transportation in Coral Gables is quite heavily used. Mostly, people who use it for their daily commute are taking the bus. For Coral Gables, the benefits are reduced air pollution and congestion on the highways.
If knowledge is power, Coral Gables is a pretty powerful place. 66.70% of the adults in Coral Gables have earned a 4-year college degree, masters degree, MD, law degree, or even PhD. Compare that to the national average of 21.84% for all cities and towns.
The per capita income in Coral Gables in 2018 was $65,130, which is wealthy relative to Florida and the nation. This equates to an annual income of $260,520 for a family of four. However, Coral Gables contains both very wealthy and poor people as well.
Coral Gables is an extremely ethnically-diverse city. The people who call Coral Gables home describe themselves as belonging to a variety of racial and ethnic groups. People of Hispanic or Latino origin are the most prevalent group in Coral Gables, accounting for 60.28% of the city’s residents (people of Hispanic or Latino origin can be of any race). The greatest number of Coral Gables residents report their race to be White, followed by Black or African-American. Important ancestries of people in Coral Gables include Italian, German, Irish, English, and French.
Foreign born people are also an important part of Coral Gables's cultural character, accounting for 39.47% of the city’s population.
The most common language spoken in Coral Gables is Spanish. Other important languages spoken here include English and French.