Cost of Living in Coral gables, FL
Housing
The housing market plays a significant role in determining the cost of living in Coral gables, FL.
- Housing Index: 135.0 / 100
- Median Home Price is: $1,112,000
- Average Rent (2 BR Apartment): $2500 per month
- Average Rent (2 BR House): $2560 per month
Looking at the housing data for Coral gables, FL, it's clear that the market is quite premium with a housing index of 135.0. The median home price of 1112000 suggests that buying property could be a significant financial commitment. Renting, with an average of 2500 for a 2BR apartment and 2560 for a 2BR house, further illustrates the high demand for residential options in this area. Such figures indicate that residents prioritize lifestyle over cost, which may influence your decision if you're considering relocation.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Coral gables, FL.
- Electricity Price: $13.89 USD (median by state)
- Natural Gas Price: $26.13 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): $280 per month
Living in Coral gables, FL could entail higher utility costs. Electricity costs sit at $13.89, while natural gas is priced at $26.13 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $280 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Coral gables is a financially viable option for your relocation.