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. One interesting thing about the economy is that relatively large numbers of people worked from their home: 18.21% of the workforce. While this number may seem small overall, as a fraction of the total workforce this is high compared to the rest of the county. 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.Because there are quite a few people attending college in Coral Gables, it is thought of as a college town. To the benefit of the many students in the area, Coral Gables provides a number of services, amenities and opportunities geared towards their needs and activities. 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. Such areas are often places that visitors and locals go for waterfront activities or taking in the scenery. If knowledge is power, Coral Gables is a pretty powerful place. 70.10% of the adults in Coral Gables have earned a 4-year college degree, masters degree, MD, law degree, or even PhD. Compare that to the national average of 21.84% for all cities and towns. 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.
