Coral Gables, FL is a vibrant city with a population of over 50,000 people. Located in Miami-Dade County, it has become an attractive destination for businesses and residents alike. The average 2 bedroom rent in Coral Gables is $2,900 which is higher than the US average of $1,430. Its grocery cost index is 119 which is 19 points higher than the national average of 100. There are many local companies operating in Coral Gables such as Baptist Health South Florida, Bacardi Corporation and Inktel Direct Corporation. The city also has a high cost of living due to its proximity to Miami and its luxurious amenities. Additionally, Coral Gables has a high tax rate with state sales taxes at 6% and local sales taxes at 1%.
Coral Gables (zip 33146) has an unemployment rate of 5.2%. The US average is 6.0%.
Coral Gables (zip 33146) 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 (zip 33146)
- The Sales Tax Rate for Coral Gables (zip 33146) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Coral Gables (zip 33146) 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 (zip 33146)
- The average income of a Coral Gables (zip 33146) resident is $40,306 a year. The US average is $28,555 a year.
- The Median household income of a Coral Gables (zip 33146) resident is $116,312 a year. The US average is $69,021 a year.