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 48,353 people and 17 associated neighborhoods, Coral Gables is the 68th 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.
Also of interest is that Coral Gables has more people living here who work in computers and math than 95% of the places in the US.
Telecommuters are a relatively large percentage of the workforce: 22.25% of people work from home. While this number may seem small overall, as a fraction of the total workforce it is high relative to the nation. 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.
Coral Gables is also nautical, which means that parts of it are somewhat historic and touch the ocean or tidal bodies of water, such as inlets and bays. Such areas are often places that visitors and locals go for waterfront activities or taking in the scenery.
Do you have a 4-year college degree or graduate degree? If so, you may feel right at home in Coral Gables. 71.88% of adults here have a 4-year degree or graduate degree, whereas the national average for all cities and towns is just 21.84%.
The per capita income in Coral Gables in 2022 was $82,686, which is wealthy relative to Florida and the nation. This equates to an annual income of $330,744 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 56.39% 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 German, Italian, English, Irish, and French.
Coral Gables also has a high percentage of its population that was born in another country: 38.50%.
The most common language spoken in Coral Gables is Spanish. Other important languages spoken here include English and French.