MyNeighborhood

Can you afford to live in CORAL GABLES?

Median household income, home values and rent in CORAL GABLES, FL — how they've changed since 2015 and how much of a typical paycheck housing takes compared with the rest of the country.

U.S. Census Bureau, American Community Survey 5-year estimates.

This story was assembled using AI and public data sources.

What it costs to live in CORAL GABLES.

Median household income: $130,803 — +39.2% since 2015 (not adjusted for inflation)

Median gross rent: $2,121/mo — +63.0% since 2015

Median home value, 2015 to 2023

  • 2015: 627700
  • 2023: 1007500

Median household income

  • CORAL GABLES: 130803
  • Miami-Dade County: 68694
  • FL: 71711
  • U.S.: 78538

Median gross rent

  • CORAL GABLES: 2121
  • Miami-Dade County: 1731
  • FL: 1564
  • U.S.: 1348

Share of income a typical renter spends on rent: 30.5% — U.S.: 30.2%

What it means

The typical household here earns $130,803 — far higher than the national figure of $78,538.

The typical renter here spends 30.5% of household income on rent, above the 30% level housing agencies use to define cost burden.

Since 2015, rent has risen faster than income here (+63.0% versus +39.2%), before adjusting for inflation.

Sources

Loading the live page…