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This question is about Coral Gables, FL.
What is a good salary in Coral Gables, FL?
A good salary in Coral Gables, FL is anything over $41,000. That's because the median income in Coral Gables is $41,000, which means if you earn more than that you're earning more than 50% of the people living in Coral Gables. The average salary in Coral Gables is $48,462.
A good hourly wage in Coral Gables is $19.71 per hour. That works out to a good weekly wage of $788 per week and a good monthly wage of $3,416 per month. However, using the median income is only one way to calculate a good salary in Coral Gables.
Another way to calculate a good salary in Coral Gables is to look at the price of housing and use that to back into a good salary. Experts agree that you want to maintain about a 5 to 1 home price to income ratio. Based on the median home price of $846,100, a good salary in Coral Gables would be $169,220.
Lastly, we can determine a good salary in Coral Gables by looking at the cost of living and comparing it to the US average salary. The cost of living in Coral Gables is 65% higher than than the national average. The national average salary is $56,310, so a good salary in Coral Gables is anything over $93,474 by this measure.
Average Annual Salary in Coral Gables, FL
| Percentile | Annual Salary | Monthly Pay | Weekly Pay | Hourly Wage |
| 10th | $19,000 | $1,583 | $365 | $9.13 |
| 25th | $27,000 | $2,250 | $519 | $12.98 |
| Median | $41,000 | $3,416 | $788 | $19.71 |
| 75th | $60,000 | $5,000 | $1,153 | $28.85 |
| 90th | $85,000 | $7,083 | $1,634 | $40.87 |
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