Coral Gables Demographics and Socio-Economics

The Demographic and Socio-Economic Status of Coral Gables

♦ Demoghrapics  ♦ Labor Force and Wages   ♦ Consumer Spending  ♦ Educational Levels

Investors who are looking into Miami Real Estate opportunities don’t always know Miami or Coral Gables very well. Many of my clients ask me for insights into the different neighborhoods other than prices per Sq.Ft and rental values.  These investors would like to read some more information regarding population, educational levels and accessibility of an area. Together with the extensive reports of Beacon Council we created this blog for our clients and readers to get a more comprehensive understanding of the demographics and socio-economic character of Coral Gables {Links to other areas}

Coral Gables Map

The community of Coral Gables

The total population of the City of Coral Gables is 48,631. The median age is 38.90.

The population of Coral Gables is well distributed amongst all age categories with a slightly bigger population in the 20-29 category and the 65+

Education levels in Coral Gables

The majority of the population in Coral Gables has completed at least a graduate degree.

Download the full Beacon Council report on Coral Gables Demographics here

The Labor force in Coral Gables

Coral Gables has a labor force of 21,960 people, with a job growth rate of 6.61% since 2013, and an unemployment rate of 4.3%.

The Coral Gables labor force divided into white vs blue collar

Download the full report on the labor force in Coral Gables

Business and Jobs

Coral Gables has a total of 6,017 businesses. In 2014, the leading industries were:
Retail, Banking, Finance and Insurance, Professional, Scientific, and Technical Services, Health Care and Social Services, and Accommodation and Food Services

Download the full report on Coral Gables Wages here

Income and Spending in Coral Gables

Workers in Coral Gables earn an average yearly income of $72,682.

Household expenditures average $94,550 per year. The majority of earnings get spent on Shelter, Transportation, Food and Beverages, Utilities, and Entertainment.

Download the full report on Consumer Spending in Coral Gables

There are 28% more people who own their homes than there are renters.

Transportation in Coral Gables

Residents spend an average of 22 minutes commuting to work. Coral Gables is served by 10 airports within 50 miles.Rail can be accessed within 1 miles. Interstates can be accessed 3 miles away.

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