Is Coral Gables A Good Place To Live?

Coral Gables is an excellent place to live if you have the essential financial resources. However, we will demonstrate that the advantages of moving to Coral Gables, Florida, definitely outnumber the few minor bumps along the road. The Gables is an up-and-coming thriving community of 47,000 (as of 2023) in Miami-Dade County. 

Only seven miles from Downtown Miami, the place is a popular relocation destination for families and aspiring professionals searching for a stress-free environment. And Coral Gables certainly delivers on that promise! 

Coral Gables, where past traditions and modern economy mutually enhance each other.

Visiting one of the most charming places in Florida will get you hooked instantaneously. The one-and-only Coral Gables has a unique vibe to it that few American cities can pick the fight against. Its modernistic take on the Mediterranean-revival architecture style and endless nostalgia supply a splendid feeling of joy and elegance. Living in Coral Gables is like a time capsule of an age long gone by. 

However, the local economy doesn’t rely solely on tourism! Many renowned American business headquarters have been established in Coral Gables recently. The University of Miami, MoneyGram, American Airlines, ExxonMobil, and Bacardi are the top employers in “The City Beautiful. “

Suppose you can’t get enough of the iconic attractions and landmarks in Coral Gables. In that case, we recommend you reach out to professional local real estate agents in Coral Gables Florida, for the most reliable housing news, trends, and listings! 

What are the pros of living in Coral Gables?

What makes Coral Gables one of the best places to live in the Sunshine State? It’s the fact that it encapsulates the ideal haven for countless demographics and real estate niches. The Gables is the most family-friendly place you can think of in Florida! 

For starters, The Gables registered an exceptionally high livability score of 84 percent (out of 100) among its residents. Let’s see which aspects locals like the most about their delightful town! 

Coral Gables is family-friendly, featuring low crime rates and top education.

First, the public safety in Coral Gables puts most American cities to shame. Then, parents will find the best schools in Coral Gables that score top results nationally. For instance, Henry S. West Laboratory School, Pinecrest Elementary School, George Washington Carver Middle School, and International Studies Preparatory Academy are only the cream of the crop for providing student-centered and practical education. Also, we shouldn’t forget about one of the state’s most prestigious establishments, the University of Miami! 

The Gables will spoil everyone with jaw-dropping things to do!

There’s a vibrant cultural scene with art galleries, theaters, and museums. The Merrick House (where the founder, George Merrick, dreamt up the vision of the city), The Biltmore Hotel, The Historic Villages, the Venetian Pool, the Coral Gables Museum, and the Fairchild Tropical Botanic Garden are only a few of the must-see places in the City Beautiful. While Matheson Hammock Park is a trendy beachside to hang out and enjoy the waves.

No one can say a bad word about the local economy in Coral Gables.

Our beloved town is part of the thriving Miami Metro Area of South Florida. Over the years, it became one of the most financially attractive places for national and international companies and motivated job seekers. As a result, the unemployment rate is below the national average. Moreover, the job market will grow dramatically in the next ten years, surpassing the American standard. 

Then, the inexistence of income tax makes Coral Gables a paradise for the out-of-state professional workforce. No wonder a Coral Gables resident’s median annual wage was almost double Regular Joe’s in 2022.

What are the disadvantages of living in Coral Gables?

No one can deny Coral Gables’ outstanding economic progress. Because the place features so many perks and economic perspectives, the property prices and the cost of living became pretty hefty. To afford a home in Coral Gables’ competitive real estate market, you must first dig deep into your pockets. The median home selling price was around $1,150,000, and the average rent was $3,000.

Secondly, the cost of living is more expensive than the national average by approximately 74 percent. Thirdly, the weather in Coral Gables can be a nuisance, featuring hot summers and a high risk of storms.

Conclusion

When considering moving to Coral Gables, don’t be discouraged by the pricey real estate and a relatively high cost of living! Instead, have an open mind for all the benefits you’ll enjoy. You’ll be part of a supportive community in a genuinely beautiful town. Coral Gables is the ultimate destination for families, boasting excellent schools and low crime rates. And now comes the best part! Coral Gables can potentially revitalize your life and career in the most efficient ways! Leave your worries behind and give into a hassle-free lifestyle today!