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: $1112000
• 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 Bethlehem is a financially viable option for your relocation.

Cost of Living Index

The cost of living index is a widely used metric to determine the relative affordability of cities and towns.

• Index score: 130.5

Median Income

The median income is an important factor to consider when evaluating the affordability of a city or town.

• Median Income: $118203

Educational and Social Amenities

Access to quality education, healthcare, and social services can significantly impact the overall quality of life in a city or town.

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Summary

When considering a move to Coral gables, FL, consider the following factors:

• Taxes: State income, property, and local income taxes can significantly impact your take-home pay.
• Job opportunities: The availability of jobs in your field can affect your quality of life.
• Cost of living: Housing costs, utilities, transportation, and other expenses should be considered when evaluating the affordability of a city or town.