Coral Terrace, FL Utility & Living Guide

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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.

Last updated: July 9, 2026
Total Utilities$255/mo
1BR Rent$1503/mo
Sales Tax7.5%
COL Index105 (+5% above national average)
Family Score6/10
Median Home$448,100
📷 Live Cameras — Coral Terrace
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🌤️ Live Weather — Coral Terrace
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Living in Coral Terrace, summers are hot, with Aug highs around 88.5°F, while winters stay mild, with Jan lows rarely below 60.1°F. At just 0 heating degree days per year, home heating costs are minimal. Annual rainfall reaches 71.3 inches, mostly summer thunderstorms. Within 5 miles: 117 parks, 42 groceries, 299 dining spots and 205 schools. 2 hospitals serve the area. Median household income: $72,999. With a 13.3% poverty rate and 62.8% homeownership, the community reflects a stable residential mix. Nearby cities: Doral (6mi NW), Hialeah (6mi N), Pinecrest (6mi S). Air quality is Moderate — avg AQI 52 over the past week.
📍 City Briefing
Living in Coral Terrace, summers are hot, with Aug highs around 88.5°F, while winters stay mild, with Jan lows rarely below 60.1°F. At just 0 heating degree days per year, home heating costs are minimal. Annual rainfall reaches 71.3 inches, mostly summer thunderstorms. Within 5 miles: 117 parks, 42 groceries, 299 dining spots and 205 schools. 2 hospitals serve the area. Median household income: $72,999. With a 13.3% poverty rate and 62.8% homeownership, the community reflects a stable residential mix. Nearby cities: Doral (6mi NW), Hialeah (6mi N), Pinecrest (6mi S). Air quality is Moderate — avg AQI 52 over the past week.
⚠️ Natural Hazard History — Coral Terrace
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🔌 Utilities
🏠 Housing
📊 Cost of Living
💰 Taxes
👨‍👩‍👧 Families
🧮 Tools

Monthly Utility Costs

⚡ Electric

$120/mo

Florida Power & Light
🔥 Gas

N/A - Electric only
💧 Water

$45/mo

Miami-Dade Water and Sewer Department
🗑️ Garbage

$25/mo

Waste Management
📶 Internet

$65/mo

Combined Average Overhead$255/month

Housing Market

Rent & Property
1 Bedroom$1503/mo
2 Bedrooms$1671/mo
3 Bedrooms$2088/mo
Median Home Price$448,100
Property Tax Rate1.2%
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

Overall COL Index

105

US national avg = 100
vs National Avg

+5% above national average

Groceries

102

Transportation

98

Healthcare

100

Childcare/mo

$1000

Tax Rates

Tax Overview
Total Sales Tax7.5%
Property Tax Rate1.2%
<p>State 6% + County 1% + City 0.5%</p>

Florida has no state income tax.

Family & Relocation

Family Vibe Score
6/10
Safety Index

50

Higher = safer
School Rating

6.5/10

GreatSchools avg
Avg Childcare

$1000/mo

City Pulse

Population Trend
+3% (growing)
Political Climate
Purple (mixed Democratic and Republican leanings)
Business Momentum
Moderate with key industries in retail, healthcare, and professional services.
Top Local Concerns
Traffic congestion, rising housing costs, hurricane preparedness
🚌 Transit for Families

Public transit is limited; most families rely on cars, but some bus routes are accessible.

🎡 Top Kid Attractions
  • 🎯
    Tropical Park
  • 🎯
    Coral Terrace Park
  • 🎯
    Miami Children's Museum

Best Neighborhoods for Families

Areas near Tropical Park and Coral Terrace Park are popular for families due to green spaces and good schools.

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Estimate your real monthly cost of living in Coral Terrace based on your household profile.

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📊 Coral Terrace — Census & Demographic Data

Official data from the US Census Bureau, American Community Survey.

💰 Median Household Income
$72,999
👤 Median Age
44.6
🏠 Homeownership Rate
62.8%
🔑 Renter Rate
37.2%
📉 Poverty Rate
13.3%
💼 Unemployment Rate
2.7%
📡 Internet Access
84.2%
🎓 College Educated
25.5%

☀️ 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 City Stories

Coral Terrace, Florida — City Overview

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