Coral Terrace, FL is an interesting and diverse neighborhood located in Miami. It has a great mix of residential and commercial spaces, offering plenty of options for both locals and visitors. Rent for two bedroom apartments is higher than the national average at $2,210 per month, though grocery prices are slightly lower. There are many businesses in Coral Terrace ranging from local restaurants, small markets to larger chain stores - including Walmart Neighborhood Market and Target. For those who appreciate the convenience of city life but still want to experience a more relaxed atmosphere, Coral Terrace is the perfect place to call home.
Coral Terrace has an unemployment rate of 8.2%. The US average is 6.0%.
Coral Terrace 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 38.0%, which is higher than the US average of 33.5%.
Tax Rates for Coral Terrace
- The Sales Tax Rate for Coral Terrace is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Coral Terrace 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 Terrace
- The average income of a Coral Terrace resident is $21,029 a year. The US average is $28,555 a year.
- The Median household income of a Coral Terrace resident is $67,942 a year. The US average is $69,021 a year.