salaryRent is higher than in 80% of U.S. cities. A typical house costs about 6.7 years of household income, so buying is hard for most locals.
How much money do I need?
To rent here comfortably, you should earn about $92,960 a year. That is $45 an hour at a full-time job.
Is rent cheaper than other Florida cities?
No. Rent here is more expensive than in most of Florida. It is number 349 of 479 cities from cheapest to most expensive.
How much do households earn in Coral Terrace?
Share of households by yearly income. 29.5% of households earn $100,000 or more.
Rent by apartment size in Coral Terrace
| Size | Coral Terrace | U.S. average |
|---|---|---|
| Studio | $1,487 | $1,338 |
| 1 bedroom | $1,508 | $1,324 |
| 2 bedrooms | $1,758 | $1,509 |
| 3 bedrooms | $2,396 | $1,698 |
| 4 bedrooms | $2,890 | $2,098 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Coral Terrace overall?
Everyday prices in Florida overall are 3% above the U.S. average (index 103.4, U.S. = 100).
Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Coral Terrace, so the Florida figure is shown.
Taxes and bills in Coral Terrace
Life in Coral Terrace
Is it cheaper to rent or buy in Coral Terrace?
Renting is cheaper right now: about $1,721 a month less.
Owning assumes a typical $582,900 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $58,290 for the down payment.
Frequently asked questions
What is the average rent in Coral Terrace, FL?
Renting in Coral Terrace costs a median of about $2,324 a month in 2026, including utilities. The Florida median is $1,963.
How much do I need to make to live in Coral Terrace?
To keep rent under 30% of income, you need about $92,960 a year, or $45 an hour at a full-time job.
Is Coral Terrace cheap or expensive?
Coral Terrace is rated Expensive: rent takes 32.2% of the typical household income of $86,661. It ranks 349th cheapest of 479 Florida cities we track.
How much are property taxes in Coral Terrace?
The median homeowner in Coral Terrace pays $3,903 a year in property taxes, about 0.67% of the median home value.
Is Coral Terrace more expensive than the national average?
Overall prices in Florida are 3% above the U.S. average, according to the U.S. Bureau of Economic Analysis.
How much does a house cost in Coral Terrace?
The median home value in Coral Terrace is $582,900, about 6.7 times the typical yearly household income.
24,895 people live in Coral Terrace. Numbers are typical (middle) values.