Coral Gables is a medium-sized coastal city (i.e. on the ocean, a bay, or inlet) located in the state of Florida. With a population of 49,193 people and 17 associated neighborhoods, Coral Gables is the 68th largest community in Florida. Coral Gables home prices are not only among the most expensive in Florida, but Coral Gables real estate also consistently ranks among the most expensive in America.Coral Gables is a decidedly white-collar city, with fully 92.80% of the workforce employed in white-collar jobs, well above the national average. Overall, Coral Gables is a city of managers, professionals, and sales and office workers. There are especially a lot of people living in Coral Gables who work in management occupations (23.33%), sales jobs (10.94%), and business and financial occupations (10.56%). Also of interest is that Coral Gables has more people living here who work in computers and math than 95% of the places in the US. Telecommuters are a relatively large percentage of the workforce: 18.21% of people work from home. While this number may seem small overall, as a fraction of the total workforce it is high relative to the nation. These workers are often telecommuters who work in knowledge-based, white-collar professions. For example, Silicon Valley has large numbers of people who telecommute. Other at-home workers may be self-employed people who operate small businesses out of their homes.In addition, Coral Gables is a college town. There are a lot of students in Coral Gables attending college, and as a result Coral Gables provides a number of services, amenities and opportunities geared to the needs and activities of students. Coral Gables is also nautical, which means that parts of it are somewhat historic and touch the ocean or tidal bodies of water, such as inlets and bays. Quite often, nautical areas such as these attract visitors and locals who come to enjoy the scenery and various waterfront activities. Do you have a 4-year college degree or graduate degree? If so, you may feel right at home in Coral Gables. 70.10% of adults here have a 4-year degree or graduate degree, whereas the national average for all cities and towns is just 21.84%. The per capita income in Coral Gables in 2022 was $74,780, which is wealthy relative to Florida and the nation. This equates to an annual income of $299,120 for a family of four. However, Coral Gables contains both very wealthy and poor people as well. Coral Gables is an extremely ethnically-diverse city. The people who call Coral Gables home describe themselves as belonging to a variety of racial and ethnic groups. People of Hispanic or Latino origin are the most prevalent group in Coral Gables, accounting for 57.60% of the city’s residents (people of Hispanic or Latino origin can be of any race). The greatest number of Coral Gables residents report their race to be White, followed by Asian. Important ancestries of people in Coral Gables include Italian, German, Irish, English, and French. Foreign born people are also an important part of Coral Gables's cultural character, accounting for 38.95% of the city’s population. The most common language spoken in Coral Gables is Spanish. Other important languages spoken here include English and French.
