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Coral Gables Economic Profile
"People Like Working Where They Like Living"
 
Coral Gables provides excellent municipal services and has achieved the highest
national standards in almost every field. For years, the city has maintained
high issuer credit ratings from both Moody’s and Standard & Poor’s. This points
to the City’s strong economic base, where less than five percent of the land
area contributes 46 percent of the tax base. Coral Gables also boasts of
an accredited Police Department, a distinction shared by only 2.5 percent of
local and state police departments in the United States, and is one of only
three cities to have both a Class 1 and an accredited Fire Department.
The City has one of only two Class 1 Building
and Zoning Departments in the nation. All combined, Coral Gables is one
of two cities across the nation to have met all these standards of
excellence. In addition, Coral Gables has been named a Tree City USA for
20 consecutive years by the National Arbor Foundation. It was also the
first municipality ever to receive the National Emergency Management Award, in
1993.
Land Use: 54% single family, 6%
duplex & apartments, 5% commercial, 4% educational, 1% industrial, 30%
recreational & public use. 14 square miles.
Coral Gables Homepage
2004-05 Local Property Taxes:
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Municipal Millage Rate: 5.990
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Total Millage Rate in Miami-Dade County: 22.5960 (ninth lowest combined
tax rate in Miami-Dade County)
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Total assessed value for all commercial and residential property within Coral
Gables: $8,198,651,899.
FOREIGN CONSULATES, TRADE AND TOURISM OFFICES
Consulates, Foreign Trade and Tourism
Offices located in Coral Gables: 33
The following countries have official representation in Coral Gables:
Argentina, Barbados, Belize, Colombia, Denmark, El Salvador, Finland, Honduras,
Hungary, Italy, Jamaica, Mexico, Panama, Portugal, Puerto Rico, Spain, Taiwan
(Republic of China), Thailand, Togo, Uruguay and Venezuela. For names and
address please refer to
http://oir.dos.state.fl.us/pdf/2004consulardirectory.pdf
Enterprise Florida International (EFI) - Enterprise Florida
International Division - is responsible for the development of trade
opportunities for Florida-based companies and all foreign offices representing
the State of Florida globally.
TRANSPORTATION
Air - Miami International Airport:
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Four miles from downtown Coral Gables.
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More than 80 airlines serve 150 destinations throughout the world.
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In 2004, MIA handled 30.1 million passengers and over 1.9 million tons of
domestic and international cargo. In 2003, the most recent year for which
statistics are available, MIA was the nation's third busiest international
passenger airport and the fourth busiest international cargo airport.
Ocean - Port of Miami:
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Six miles from downtown Coral Gables, the Dante B. Fascell Port of Miami-Dade
is recognized as the "Cruise Capital of the World" and the “Cargo Gateway of
the Americas.” It is home to 18 cruise ships.
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Handled 4 million cruise passengers and 9 million tons of cargo in 2003.
Public Transportation Services:
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Miami-Dade County Transit Metrobuses (305-770-3131) serve the greater Miami
area, including Coral Gables. For a route map, click here. (link to:
http://www.co.miami-dade.fl.us/transit/library/tm_for_web2004.pdf)
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Two Metrorail stations (305-770-3131) serve Coral Gables: the Douglas Station
and the University Station. For a Metrorail map, click
here.
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The Tri-Rail commuter trains (1-800-874-7245) run a 67-mile track from Miami
International Airport to West Palm Beach, and connect to the Metrorail system.
For more information, click here.
Highways Serving City:
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Interstate: Near I-95, SR-826 and SR-836 (1 mile to nearest interstate)
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Federal: US-1 (South Dixie Highway)
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State: Red Road (S.W. 57 Ave.), Coral Way (S.W. 24 St.) , LeJeune Road (S.W. 42
Ave.), Bird Road (S.W. 40 St.)
MEDICAL/HEALTH SERVICES
| No. Within City |
No. of Beds |
| Hospitals - 3 |
Approx. 773 |
| Nursing Homes - 1 |
20 |
| Doctors |
304 |
| Dentists |
118 |
UTILITIES
Electricity
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Supplier: Florida Power & Light Co.
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Rates: 6.49 cents per KWH (commercial rate)
Water & Sewer
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Supplier: Metro-Dade Water and Sewer Authority
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Water rates: Monthly minimum for first 500 cu.ft. or 3,750 gallons - $4.88 wet
season (June 1-Nov.30); $5.12 dry season (Dec.1-May 31).
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$4.88 wet season (June 1-Nov.30); $5.12 dry season (Dec.1-May 31).
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Sewer rates: $3.92 monthly minimum; monthly flow rates $1.40 per 100 cu.ft.;
$1.87 per 1,000 gallons.
DEMOGRAPHIC COMPARISON
Demographic Comparison City of Coral Gables / Miami-Dade County, Florida
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