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The total population of Coral Gables is estimated to be 49,696 with 23,139 males (46.56%) and 26,557 females (53.44%). There are 3,418 more females than males in Coral Gables.
The median household income in Coral Gables was $122,816 in 2021, which marked an an increase of 4,970(4.22%) from $117,846 in 2020. This income is 164.62% of the U.S. median household income of $74,606 (all incomes in 2022 inflation-adjusted dollars).
Per the latest American Community Survey by the Census Bureau, Coral Gables sees its highest median household income among householders in the age group of 45 to 64 years old, at $182,266. Overall, the median household income for the city of Coral Gables stands at $122,816.
In Coral Gables, the median income for all workers aged 15 years and older, regardless of work hours, was $85,378 for males and $44,167 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $115,636 for males and $79,584 for females.
In Coral Gables, the demographic landscape is diverse, spanning 4 distinct racial categories among households. Among these, Two or More Races households have the highest median household income at $126,083, while Black or African American households represent the opposite end with the lowest median household income of $81,326.
In 2022, the population of Coral Gables was 49,193, a 0.93% decrease year-by-year from 2021. Previously, in 2021, Coral Gables's population was 49,656, a decline of 0.18% compared to a population of 49,744 in 2020.
The median age in Coral Gables, FL is 39.9, as per 2021 ACS 5-Year Estimates. Of the total population, 15.75% were under the age of 15, 23.91% aged 15 to 29, 41.01% aged 30 to 64, 15.88% aged 65 to 84, and 3.46% were 85 years of age and older.
Racial distribution of Coral Gables population: 72.10% are White, 3.62% are Black or African American, 0.02% are American Indian and Alaska Native, 3.18% are Asian, 1.94% are some other race and 19.13% are multiracial.