Most Expensive Coral Gables Neighborhoods
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 51,227 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 95.67% 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 (19.85%), sales jobs (14.41%) and office and administrative support (11.90%).
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.
Telecommuters are a relatively large percentage of the workforce: 7.74% 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.
Because there are quite a few people attending college in Coral Gables, it is thought of as a college town. To the benefit of the many students in the area, Coral Gables provides a number of services, amenities and opportunities geared towards their needs and activities.
Not only is Coral Gables a city with many college students, but it also retains many recent graduates who are looking to start new careers, shaping the character of the city into a place that is geared toward, and considered attractive to, many single, educated people. Many singles consider Coral Gables a good place to live without being in a really big city, with opportunities for friendships and fun with others like themselves.
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. Quite often, nautical areas such as these attract visitors and locals who come to enjoy the scenery and various waterfront activities.
If knowledge is power, Coral Gables is a pretty powerful place. 62.07% 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 2010 was $56,721, which is wealthy relative to Florida and the nation. This equates to an annual income of $226,884 for a family of four. However, Coral Gables contains both very wealthy and poor people as well.
The people who call Coral Gables home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Coral Gables residents report their race to be White, followed by Black or African-American. Coral Gables also has a sizeable Hispanic population (people of Hispanic origin can be of any race). People of Hispanic or Latino origin account for 53.84% of the city’s residents. Important ancestries of people in Coral Gables include German, English, Italian, Irish, French and Polish.
In addition, Coral Gables has a lot of people living here who were born outside of the US (37.34%).
The most common language spoken in Coral Gables is Spanish. Some people also speak English.
|CORAL GABLES INFORMATION||DETAILS|
|NUMBER OF HOMES AND APARTMENTS||17,599|
|CORAL GABLES HOME OWNERSHIP|
|% OWNER OCCUPIED||57.88%|
|% RENTER OCCUPIED||42.12%|
|TYPE OF CORAL GABLES HOMES|
|SINGLE FAMILY DETACHED||55.01%|
|ROWHOUSES AND ATTACHED HOMES||4.29%|
|SMALL APARTMENT BUILDINGS||5.03%|
|COMPLEXES OR HIGH RISE APARTMENTS||35.34%|
|SIZE OF CORAL GABLES HOMES|
|5 OR MORE BEDROOMS||8.18%|
|AGE OF CORAL GABLES HOMES|
|NEWER HOMES (2000 OR LATER)||15.59%|
|ESTABLISHED, BUT NOT OLD HOMES (1970-1999)||28.26%|
|WELL-ESTABLISHED, OLD HOMES (1940-1969)||44.61%|
|HISTORIC (1939 OR BEFORE)||11.54%|
|CORAL GABLES REAL ESTATE INFORMATION||DETAILS|
|MEDIAN HOME VALUE||$915,603|
|MEDIAN RENTAL PRICE||$1,780|
|HOME VALUE RANGE|
|$0 - $74,000||1.09%|
|$74,001 - $148,000||1.28%|
|$148,001 - $297,000||5.65%|
|$297,001 - $445,000||8.27%|
|$445,001 - $593,000||10.54%|
|$593,001 - $742,000||11.07%|
|$742,001 - $1,112,000||24.83%|
|$1,112,001 - $1,483,000||11.26%|
|PEOPLE OF CORAL GABLES||DETAILS|
|UNDER 5 YEARS||5.27%|
|5 TO 17||12.45%|
|18 TO 24||15.85%|
|25 TO 34||10.57%|
|35 TO 54||27.34%|
|55 TO 64||12.40%|
|65 YEARS AND OVER||16.12%|
|EDUCATIONAL ATTAINMENT OF ADULTS|
|HIGH SCHOOL GRADUATES||95.24%|
|MEDIAN HOUSEHOLD INCOME||$93,590|
|PER CAPITA INCOME||$56,721|
|INDIVIDUALS BELOW POVERTY LEVEL||8.45%|
|INDUSTRIES PEOPLE WORK IN||Professional, scientific, and technical services (18.22%)
Real estate (4.17%)
Public Service (3.56%)
Information Technology (2.26%)
|BLACK OR AFRICAN AMERICAN||3.93%|
|AMERICAN INDIAN AND ALASKA NATIVE||0.00%|
|NATIVE HAWAIIAN AND OTHER PACIFIC ISLANDERS||0.02%|
|SOME OTHER RACE ALONE||0.93%|
|TWO OR MORE RACES||1.60%|
|HISPANIC OR LATINO (OF ANY RACE)||53.84%|
|ETHNICITIES PRESENT||German (6.49%)
|LANGUAGES SPOKEN||Spanish (53.32%)
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