Coral Gables, FL is a charming city located in Miami-Dade County. It is home to many respected companies, such as the Bacardi Corporation, Burger King Corporation and University of Miami Health System. The cost of living here is higher than the national average due to its 2 bedroom rent, which stands at $2,380 per month compared to US’s $1,430. Additionally, grocery costs are 14% more expensive than the national average with an index of 114 versus 100 for the US.
Coral Gables has an unemployment rate of 5.2%. The US average is 6.0%.
Coral Gables has seen the job market increase by 0.8% over the last year. Future job growth over the next ten years is predicted to be 35.8%, which is higher than the US average of 33.5%.
Tax Rates for Coral Gables
- The Sales Tax Rate for Coral Gables is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Coral Gables is 0.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Coral Gables
- The average income of a Coral Gables resident is $56,721 a year. The US average is $28,555 a year.
- The Median household income of a Coral Gables resident is $113,623 a year. The US average is $69,021 a year.