Coral Gables, FL vs Pinecrest, FL

Coral Gables, FL and Pinecrest, FL have a very similar cost of living, with only a 4.1% difference in their overall index. Coral Gables scores 186 while Pinecrest scores 194 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.

On the housing front, median rent in Coral Gables is $2,121/month compared to $1,916/month in Pinecrest — a 11% difference. Interestingly, home values tell a different story: while Pinecrest has cheaper rent, Coral Gables actually has lower median home values ($1,007,500 vs $1,179,400).

Median household income in Coral Gables is $130,803 compared to $192,477 in Pinecrest (-32%). While Pinecrest is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Coral Gables spend roughly 19.5% of their income on rent, more than the 11.9% in Pinecrest.