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Coral Terrace, FL Utility & Living Guide
Coral Terrace is a suburban unincorporated community and census-designated place (CDP) in Miami-Dade County, Florida, United States. It is part of the Miami metropolitan area of South Florida.
Monthly Utility Costs
$120/mo
—
$45/mo
$25/mo
$65/mo
Housing Market
| Rent & Property | |
|---|---|
| 1 Bedroom | $1503/mo |
| 2 Bedrooms | $1671/mo |
| 3 Bedrooms | $2088/mo |
| Median Home Price | $448,100 |
| Property Tax Rate | 1.2% |
| Avg Childcare/mo | $1000 |
The housing market in Coral Terrace is competitive, with steady demand for single-family homes and condos. Prices have risen moderately due to its proximity to Miami.
Cost of Living
105
+5% above national average
102
98
100
$1000
Tax Rates
| Tax Overview | |
|---|---|
| Total Sales Tax | 7.5% |
| Property Tax Rate | 1.2% |
| <p>State 6% + County 1% + City 0.5%</p> | |
Florida has no state income tax.
Family & Relocation
50
6.5/10
$1000/mo
City Pulse
Public transit is limited; most families rely on cars, but some bus routes are accessible.
- Tropical Park
- Coral Terrace Park
- Miami Children's Museum
Best Neighborhoods for Families
Household Budget Calculator
Estimate your real monthly cost of living in Coral Terrace based on your household profile.
📰 Live Local News
Residents must adhere to Miami-Dade County zoning laws and hurricane preparedness requirements.
Financial Tools
- Income Tax CalculatorEstimate take-home pay by state
- Mortgage CalculatorMonthly payment estimator
- Affordability CalculatorHow much home can you afford?
- Childcare Cost EstimatorCompare daycare costs by city
- Retirement PlannerRetirement readiness check
- Car Lease CalculatorMonthly lease payment estimator
- Savings CalculatorGrow your emergency fund
- City Comparison ToolCompare cities side by side
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📊 Coral Terrace — Census & Demographic Data
Official data from the US Census Bureau, American Community Survey.
☀️ Seasonal Utility Costs
Electricity costs peak in summer due to high AC usage. Water usage remains steady year-round.
🏛️ Local Tax Details
Property tax millage rate is ~1.2%. No local surtaxes specific to Coral Terrace.
👶 Family & Stroller Friendliness
7/10: Sidewalks are generally good, parks are accessible, but transit options are limited for strollers.
Coral Terrace, Florida — City Overview
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