| Index | Coral Gables | Florida | National |
| Cost of living | 192 | 102 | 100 |
| Groceries | 102 | 102 | 100 |
| Health care | 103 | 104 | 100 |
| Housing | 394 | 97 | 100 |
| Transportation | 105 | 103 | 100 |
| Utilities | 110 | 110 | 100 |
| Lifestyle & Entertainment | 109 | 104 | 100 |
| Household Items | 102 | 102 | 100 |
| Education & Childcare | 107 | 106 | 100 |
Knowing the cost of living in Coral Gables allows individuals to create a realistic budget. This helps them understand how their income will cover expenses and whether they need to make financial adjustments. The cost of living in any region can fluctuate due to various factors. To assess the cost of living consistently across different areas, a national average of 100 serves as the basis for the cost of living index. The cost of living in Coral Gables stands at 192, marking it 92% higher than the national average.
If you prioritize affordability when seeking a new place to live, Coral Gables may not be your ideal choice, as it ranks among the most expensive locations in the entire United States. A very small amount of areas exhibit a cost of living at least 20% higher than the national average, and unfortunately, Coral Gables falls into this category, which may not align with your preferences for a budget-friendly living environment.
Housing costs are a very significant part of the Coral Gables cost of living index and generally encompass a large percentage of take-home income. Unfortunately, in this area, the housing costs for both homes and rentals were 294.1% more than the average city. This includes things like home and rent prices, mortgage rates and insurance.
Is Coral Gables an affordable place to live? That's a valid question to ask when you're thinking about moving to a new city. After all, how much it costs to live somewhere can be a huge factor in your decision. Affordability can be broken down into 3 common categories. The cost of living index (we talked about it earlier), housing expenses and income levels all play a big role in figuring out if a place is affordable. For instance, in Coral Gables, the median home price is 381.1% higher than what most folks pay across the country, and monthly rent prices are 91.1% higher than the usual rates. Income levels in Coral Gables come in at $155,889, which is 91.7% higher than the national average.
Healthcare: Healthcare costs and insurance premiums can fluctuate greatly based on the city or state. Access to healthcare facilities, out-of-pocket expenses for doctor\’s visits, dentist costs, medication costs and specialized care costs can all impact the cost of living. In Coral Gables, the healthcare costs are 2.9% higher than the national average.
Utilities: As with the prices of anything else, utility costs can exhibit significant variations, contingent on factors like climate, energy source availability, geographic location and state regulations. The expenses associated with electricity, water, heating, and waste disposal can fluctuate, either upward or downward, depending on the particular city or state. In Coral Gables, the utilities index registers 10.2% higher than the national average.
Urbanization: Urban areas with a wealth of amenities and employment opportunities tend to come with a higher price tag for living. Why? Well, more people want to be there, which drives up home prices and rents. On the flip side, less densely populated rural areas or places where there's not as much demand usually mean fewer attractions, things to do and slower job growth. That often results in a lower cost of living.
The cost of living data for Coral Gables shown above is based on a U.S. average baseline score of 100, making it easier to compare how far your dollar may go from one city to another. Housing uses U.S. Census home price and rental data, while all remaining values are AI-assisted estimates informed by regional pricing, climate, transportation dynamics, and local economic factors. These scores are best used for directional comparisons between cities.
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| Educare index |
| Median Income | Per Year | Per Month | Max Budget (28% DTI) | Max Budget (36% DTI) |
| Owners | $212,450 | $17,704 | $4,957 | $6,374 |
| Renters | $95,261 | $7,938 | $2,223 | $2,858 |
| State | General Sales Tax | With Max Surtax |
| Florida | 6% | 7.5% |
| State | Income Tax (Low) | Income Tax (High) |
| Florida | 0% | 0% |
| City | Population | Cost of Living Index | National Avg. |
| Medley, FL | 1,076 | 89 | 10.7% |
| Gladeview, FL | 13,938 | 99 | 1.4% |
| Opa-locka, FL | 16,610 | 101 | 1.2% |
| West Little River, FL | 33,229 | 104 | 3.6% |
| Brownsville, FL | 18,170 | 105 | 4.9% |
| Coral Gables, FL | 51,686 | 192 | 91.6% |
| City | Population | Cost of Living Index | National Avg. |
| Rowland Heights, CA | 51,652 | 172 | 72.0% |
| Levittown, PA | 51,634 | 107 | 6.7% |
| Maricopa, AZ | 51,744 | 111 | 11.1% |
| Newark, OH | 51,756 | 89 | 10.5% |
| Irondequoit, NY | 51,610 | 103 | 3.0% |
| Coral Gables, FL | 51,686 | 192 | 91.6% |
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