Living here
Cost of living in Coral Gables
Housing is much more expensive than the US average. Rents, home prices, taxes and how far a paycheck goes.
Median rent
$2,121/mo
57% above US
Median home value
$1,007,500
232% above US
Median household income
$130,803
67% above US
Rent as share of income
19%
US 21%
Home price to income
7.7×
US 3.9×
Sales tax
7%
Rent by number of bedrooms
HUD 2027 fair market rents for Miami-Miami Beach-Kendall, FL HUD Metro FMR Area (gross rent including utilities, near the 40th percentile of local rents). Source: HUD USER.
How Coral Gables compares
- Coral Gables$2,121
- Florida$1,564
- United States$1,348
- Miami Beach$1,733
- Hialeah$1,558
- Pembroke Pines$1,910
- Delray Beach$1,914
- Fort Myers$1,442
- Palm Bay$1,487
- Orlando$1,650
- Daytona Beach$1,239
- Coral Gables$1,007,500
- Florida$325,000
- United States$303,400
- Miami Beach$542,000
- Hialeah$359,200
- Pembroke Pines$411,700
- Delray Beach$386,700
- Fort Myers$351,600
- Palm Bay$248,000
- Orlando$359,000
- Daytona Beach$244,300
Taxes
Compare with nearby cities
Life in Coral Gables
Questions
Is Coral Gables expensive to live in?
Housing in Coral Gables is much more expensive than the national average: median rent is $2,121 (57% above US) and the median home value is $1,007,500 (232% above US).
How much is rent in Coral Gables?
The median gross rent is $2,121 a month. HUD’s 2027 fair market rents for the area are studio $1,953, 1 bedroom $2,121, 2 bedrooms $2,564, 3 bedrooms $3,277, 4 bedrooms $3,749.
How much of their income do renters spend in Coral Gables?
At the median, a year’s rent ($25,452) equals about 19% of the median household income ($130,803); nationally it’s about 21%.
What are taxes like in Coral Gables?
Sales tax is 7% and property taxes run about 0.89% of home value a year.
Sources: U.S. Census Bureau, American Community Survey 2019–2023 5-year estimates; HUD fair market rents; Florida Department of Revenue - Discretionary Sales Surtax Information for Calendar Year 2026 (DR-15DSS, R. 11/25).