HomeBlog Home
Tips & Advice

Pros and Cons of Living in Coral Gables: What to Expect -

Brian Lee BurkeBrian Lee Burke
Aug 12, 2024 6 min read
Share to X
Share to Facebook
Share to Linkedin
Copy Link
Pros and Cons of Living in Coral Gables: What to Expect -

Is Coral Gables the real Magic City? The name alone sounds like a fairytale. 

There's no denying that Coral Gables is a surprise. It's a place where palm trees sway to a gentle breeze, Spanish-inspired architecture paints the town with European charm, and life moves slowly.

If you're a fan of a laid-back lifestyle with all the excitement of Miami just a hop away, Coral Gables is your jackpot. Located just a few miles south of the bustling heart of Miami, Coral Gables is the ultimate "Come for the beauty, stay for the treasures" destination. 

But the burning question is: Is everything rosy in this picture-perfect city? 

Let's closely examine some pros and cons of living in Coral Gables.

Pros of Living in Coral Gables

Is Coral Gables truly a paradise for everyone? It might be, but is it right for you? 

Here are some of the delightful pros of living in Coral Gables:

  • Booming local economy

Most people who hire a moving company in Coral Gables to haul their belongings to the city do so for a financial boost. It's a testament to the establishment of this unique area as a bustling economic hub. 

More than 23,000 people have jobs in the city, as there's no shortage of job opportunities. If you've been eyeing big names like Nordstrom, Dell, and American Tower, your career will get a facelift as the city is home to these companies.

Furthermore, Coral Gables boasts a median household income of $118,203, significantly higher than the national average of $74,580, which easily translates to better financial health.

  • Mediterranean magic and green spaces

Moving to Coral Gables is like enjoying a slice of Europe in Florida. The city has stunning Mediterranean Revival architecture, historic buildings, lush gardens, and elegant fountains. 

The truth is that every street feels like a mini vacation!

Also, who needs a gym when you have beautiful parks? Coral Gables has gorgeous green spaces like the Coral Gables Merrick Park and the Venetian Pool. 

Whether you're into jogging, picnicking, or just trying to soak up the sun, the outdoors here are calling your name.

Looking for a Realtor Referral in Coral Gables?
Let us help you. Call or Text Kenna Real Estate Group at 303-955-4220 to get personalized assistance from our expert real estate agents. Find out what your home is worth in today's market.

  • Gourmet galore

Coral Gables will only satisfy your taste buds if you love dining out. 

This city is a culinary wonderland, offering delicious French pastries and mouthwatering vegan fare, as well as scrumptious seafood and Spanish tapas. 

Brunch at Hillstone? Yes, please! Dinner at Zucca? Absolutely!

  • Security and crime

Neighborhood safety is a big deal in Coral Gables and shines in that department. The city has a notably low violent crime rate compared to the national average, making it one of the safest places to live in Miami-Dade County.

There is a 1 in 1,406 chance you will fall victim to violent crime in Coral Gables. That's excellent odds if you ask me. 

So go ahead and enjoy those late-night strolls and lively nights out. Remember: living in Coral Gables means you don't have to worry too much about safety.

Safe Coral Gables Neighborhoods Unsafe Coral Gables Neighborhoods
Gables Estate Upper Riviera
Granada Place The Golden Gate
Old Cutler Bay Downtown Gables
Coral Gables Country Club Central Coral Gables

  • Shopping extravaganza

Are you a shopaholic? If so, you will love Coral Gables. Remember that Coral Gables screams luxury at every turn. 

If there's one thing unmistakable about luxury, it goes hand in hand with shopping.

In Coral Gables, it's always time to upgrade your wardrobe. You get treated to high-end boutiques and stylish stores, and with the shops at Merrick Park, you'll be able to indulge in retail therapy like never before.

  • Cultural wealth and history

Coral Gables is rich in arts, culture, and history. Venues like the Coral Gables Museum and Lowe Museum are where art lovers and culture buffs will enjoy plenty of events and exhibits. 

Remember the legendary Biltmore Hotel, which has hosted numerous U.S. and world presidents like Nelson Mandela.

Looking for a Realtor Referral in Coral Gables?
Let us help you. Call or Text Kenna Real Estate Group at 303-955-4220 to get personalized assistance from our expert real estate agents. Find out what your home is worth in today's market.

Cons of Living in Coral Gables

You know all about the glamorous part of Coral Gables. But what's on the flip side?

What could you see in The Gables that could have second-guessed a visit or move here?

Let's find out!

  • Pricey living

Luxury living is synonymous with Coral Gables. However, the scoop is that this luxury comes at a price. 

With the cost of living 18.9% higher than the national average and rents hitting anywhere between $2,500 and $3,500, your bank account might feel the pinch. 

-  Average Rent: $2,954
-  Median Home Value: $1.4 million

Just know that real estate prices can be steep, about 54% higher than the national average, making it difficult for many to afford housing in the city.

Expense Category Cost
Milk $4.45
Bread $4.52
Hamburger $5.59
Large Pizza $14.4
Chicken (2 pcs) $4.87
Doctor’s Visit $128.75
Dentist Visit  $104.75
Gas $3.48
Energy Bill $202.57

Road and tourist traffic nightmare

The list of the pros and cons of living in Coral Gables is complete with consideration of traffic. Being close to Miami means you might hit some traffic jams in Coral Gables. 

Looking for a Realtor Referral in Coral Gables?
Let us help you. Call or Text Kenna Real Estate Group at 303-955-4220 to get personalized assistance from our expert real estate agents. Find out what your home is worth in today's market.

Also, Coral Gables is a popular spot for tourists, especially around its iconic landmarks and events. While this brings a vibrant atmosphere, it can also mean more crowds and traffic, especially during peak tourist seasons.

It all adds to both human and vehicle traffic. So, if you're not a fan of gridlock, prepare for some epic commutes during peak hours.

High humidity

What is living in Coral Gables, FL, like? Sunshine and more heat!

If you love the heat, you'll love Coral Gables. But if you're not a fan of high humidity and year-round warmth, you should invest in some extra deodorant and stay hydrated. 

The sunshine is plentiful, but it comes with a side of stickiness. If you can find a way to get around 250+ days of sunshine annually, then you're good to go.

Noise pollution

Living close to Miami International Airport has its perks, like quick getaways. But it also means dealing with some noise pollution. 

The sound of planes taking off and landing can be a bother. 

It's worse if you work from home in a quiet environment. However, if you're sensitive to noise or getting soundproofing headphones, investing in good earplugs should solve this problem.

To Sum Up — Pros and Cons of Living in Coral Gables

Like most places, living in Coral Gables has pros and cons. 

While the cost of living and occasional traffic jams might seem like an unbalanced trade-off for this slice of paradise, with a booming local economy and top-notch job opportunities, it's still worth having a fabulous life here. 

Safety? Check! Culture and delicious food? Double check. 

Although the airport can be a bit noisy, the Florida warmth may be uncomfortable if you're not a fan of humidity. Coral Gables is a charming and intellectually stimulating place that's hard to resist.

So, what do you think? Is it worth it for you?

Contact Kenna Real Estate Group

WRITTEN BY
Brian Lee Burke
Brian Lee Burke
AUTHOR, E-PRO®, REALTOR® BROKER

Brian Lee Burke is the founder and team leader of Kenna Real Estate Group, a real estate team at Keller Williams DTC. A licensed REALTOR® since 2002, Brian helps Colorado buyers and sellers navigate residential real estate, new construction, pricing, and negotiation. He is also the author of The Real Estate Playbook and Mastering Real Estate: Your Guide to Becoming a Top Agent.

View Brian Lee Burke’s full profile.