Coral Gables, FL Profile: Facts & Data

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Coral Gables, Florida - Basic Facts

The City of Coral Gables had a population of 49,851 as of July 1, 2023. Coral Gables ranks in the upper quartile for Population Density and Diversity Index when compared to the other cities, towns and Census Designated Places (CDPs) in Florida. See peer rankings below.

The primary coordinate point for Coral Gables is located at latitude 25.7215 and longitude -80.2684 in Miami-Dade County. The formal boundaries for the City of Coral Gables encompass a land area of 12.93 sq. miles and a water area of 24.39 sq. miles. Miami-Dade County is in the Eastern time zone (GMT -5).

The City of Coral Gables has a C1 Census Class Code which indicates an active incorporated place that does not serve as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.

Florida is one of 20 states where Census County Divisions (CCDs) are used for statistical tracking of subdivisions within each county. The City of Coral Gables is located within Miami CCD of Miami-Dade County.


Jump to... (On This Page!)
  1. Coral Gables 2023 Demographic Data
  2. Growth Rates for Coral Gables (Historical & 5-Year Forecast)
  3. Peer Comparisons (Rank and Percentile)
  1. Neighborhoods Demographics (Home Values, Household Income, etc.)
  2. Florida Research Tools (Easy Tools & Current Data)
  3. Florida Data Comparison Tool - 2023 Demographics
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Coral Gables, FL Data & Demographics (As of July 1, 2023)

POPULATION

Total Population 49,851 (100%)
Population in Households 45,327 (90.9%)
Population in Families 34,888 (70.0%)
Population in Group Quarters1 4,524 ( 9.1%)
Population Density 3,856
Diversity Index2 81
 
 

INCOME

Median Household Income $113,084
Average Household Income $185,964
% of Income for Mortgage4 46%
Per Capita Income $72,674
Wealth Index5 207
Socioeconomic Status Index6 Moderate (61.6)
 

HOUSING

Total HU (Housing Units) 22,351 (100%)
Owner Occupied HU 11,588 (51.8%)
Renter Occupied HU 7,874 (35.2%)
Vacant Housing Units 2,889 (12.9%)
Median Home Value $864,494
Average Home Value $1,050,846
Housing Affordability Index3 53
 

HOUSEHOLDS

Total Households 19,462
Average Household Size 2.33
Family Households 11,824
Average Family Size 3.00
NOTES
  1. Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
  2. The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
  3. The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
  4. The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
  5. The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.
  6. The Socioeconomic Index ranges from zero (lowest relative status) to 100 (highest relative status). This measure quantifies disparities in social position of an area's inhabitants and is built from a broad range of demographic, housing, and socioeconomic inputs. More information on this measure can be found in Esri's SEI tutorial.

GROWTH RATE / YEAR

2020-2023 2023-2028
Population 0.38% -0.05%
Households 0.62% 0.11%
Families   0.24%
Median Household Income   3.19%
Per Capita Income   2.54%
Owner Occupied HU   0.21%

Coral Gables, FL - Peer Comparisons by Rank and Percentile

The table below compares Coral Gables to the other 955 incorporated cities, towns and CDPs in Florida by rank and percentile using July 1, 2023 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

Variable Description Rank Percentile
Total Population # 81 92nd
Population Density # 191 80th
Median Household Income # 55 94th
Housing Affordability Index # 83 9th
Per Capita Income # 62 94th
Diversity Index # 129 87th

Additional comparisons and rankings can be made with a VERY EASY TO USE Florida Census Data Comparison Tool.

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