Clearwater, FL vs Coral Gables, FL

The cost of living difference between Clearwater, FL and Coral Gables, FL is dramatic. Clearwater is 41.3% cheaper than Coral Gables, a gap that translates to thousands of dollars per year in household expenses. Clearwater has a cost index of 109 while Coral Gables sits at 186, making this one of the more striking comparisons on our site. Relocating between these cities would require a serious reassessment of budget and lifestyle expectations.

On the housing front, median rent in Clearwater is $1,539/month compared to $2,121/month in Coral Gables — a 27% difference. Home values follow the same pattern: Clearwater is more affordable at $326,100 median vs $1,007,500.

Median household income in Clearwater is $64,440 compared to $130,803 in Coral Gables (-50.7%). While Coral Gables is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Clearwater spend roughly 28.7% of their income on rent, more than the 19.5% in Coral Gables.