When you see a neighborhood for the first time, the most important thing
is often the way it looks, like its homes and its setting. Some places look
the same, but they only reveal their true character after living in them for
a while because they contain a unique mix of occupational or cultural groups.
This neighborhood is very unique in some important ways, according to
NeighborhoodScout's exclusive exploration and analysis.
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: 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 99.6%
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, 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 99.3%
of the neighborhoods in the United States. Residents here are truly in
a unique situation even when compared to other Americans, based on the
sheer 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, if knowledge is power, then imagine the cumulative power of one neighborhood
where many of the adults have earned an advanced degree, such as a Masters,
law degree, medical degree, or even a Ph.D. This is certainly the case in
the Coconut Grove neighborhood, where 41.9% have
earned an advanced degree. Compare that to the average neighborhood in
America, where just 8.4% of adults have completed a post-graduate degree,
and you can see why this neighborhood is a stand out. In fact, this neighborhood
has a higher rate of adults with an advanced degree than 98.6%
of the neighborhoods in America.
Finally, with more than 2.1% of residents living with a same sex partner,
Coconut Grove is truly a neighborhood that stands out from the rest in
this regard. In fact, exclusive analysis by NeighborhoodScout reveals that
this neighborhood has a greater concentration of same sex couples than
95.8% of U.S. neighborhoods.
Notable & Unique: Diversity
Did you know that the Coconut Grove neighborhood has more
Cuban and Brazilian ancestry people living in it than nearly
any neighborhood in America? It's true! In fact, 13.3% of
this neighborhood's residents have Cuban ancestry and 2.6% have Brazilian ancestry.
Coconut Grove is also pretty special linguistically. Significantly, 3.8% of its residents five years old and above primarily
speak French at home. While this may seem like a small percentage, it is higher
than 98.7% of the neighborhoods in America.
Notable & Unique: Occupations
The Coconut Grove neighborhood has a higher proportion of
its residents employed as executives, managers and professionals than
98.3% of the neighborhoods in American. In fact, 70.9%
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 14.2% 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 98.0% 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.