Families in Coral Springs earn a median $98,926 a year, and the typical owned home is worth $602,700. A simple rule puts the need for a typical family here at about $1,450,000. Term life is usually the lowest cost way to get there.
Coral Springs by the numbers
- Median household income
- $98,926Higher than the Florida median of $77,735
- Typical home value
- $602,700Higher than the Florida median of $396,900
- Homes owned
- 62%69% of owned homes have a mortgage
- Households with kids
- 37%45,245 households in all
- Age 65 and older
- 16%Median age 40.2
- Veterans
- 4,0833.8% of adults
Living in Coral Springs
Coral Springs is one of 31 Florida cities with more than 100,000 people, with 140,816 residents and a median age of 40.2. That is younger than the state as a whole, so more families here are in the years when term life matters most.
The median household here earns $98,926, above the US median of $81,604. The typical home costs about 6.1 times that income, a heavy load for one paycheck to carry alone.
Compared with nearby Sunrise (7 miles away), homes in Coral Springs are worth more ($602,700 vs $394,400), and more households have kids at home.
The biggest hands on job group here is sales, at 11.9% of workers. Work coverage usually ends when you leave the job, so a policy you own stays put.
Who works in Coral Springs
The biggest groups of hands on and front line jobs here, as a share of all workers. Some of these jobs can change your price, and some companies treat them better than others.
What fits families in Coral Springs
69% of owned homes in Coral Springs still have a mortgage. If your family would struggle to make that payment without you, size a policy to the loan. More on mortgage protection
37% of households here have kids under 18. Term life covers the years they depend on you for the lowest price. More on term life
16% of people in Coral Springs are 65 or older, lower than the Florida rate. A small policy keeps funeral costs off the family. More on final expense
About 4,083 veterans live in Coral Springs. VGLI is not your only choice. More on veterans
Final expense and burial insurance in Coral Springs
About 23,000 people in Coral Springs are 65 or older. A small final expense policy, also called burial insurance, pays for the funeral so the family does not have to.
| Age | Women, $10,000 | Men, $10,000 |
|---|---|---|
| 60 | $33 | $43 |
| 70 | $53 | $70 |
| 80 | $98 | $134 |
National sample rates, Choice Mutual, Rates valid as of March 9, 2026. Not a quote. Funeral costs and help in Florida
Florida rules that protect you
- Free look: set by policy
- Grace period: 30 days if you miss a payment
- Guaranty protection: up to $300,000 in death benefits
- Help line: Florida Department of Financial Services, Division of Consumer Services, 1-877-693-5236
Common questions in Coral Springs
How much life insurance do I need in Coral Springs?
A quick rule of thumb: 10 years of income plus what you owe on your home. With Coral Springs's median household income of $98,926 and a typical home value of $602,700, that lands near $1,450,000 for a typical family. Your number depends on your debts, kids and savings. Our calculator does the math.
Can I get life insurance in Coral Springs without a medical exam?
Often, yes. Many companies approve healthy people with health questions and records instead of an exam. Older buyers can also look at simplified issue or guaranteed issue final expense plans.
Do I need an agent licensed in Florida?
Yes. An agent must hold a Florida license to sell you a policy. You can check a license with the Florida Department of Financial Services, Division of Consumer Services at 1-877-693-5236.
Source: Florida Department of Financial Services, Division of Consumer Services
What does a funeral cost near Coral Springs?
Local prices vary by funeral home. Nationally, the median funeral with viewing and burial was $8,300 in 2023, and $6,280 with cremation (NFDA). Under the FTC Funeral Rule, any funeral home in Coral Springs must give you an itemized price list.
Source: FTC Funeral Rule · NFDA price study
What happens if my insurance company fails in Florida?
The Florida Life & Health Insurance Guaranty Association protects Florida policyholders up to $300,000 in death benefits, per insured person.
Source: Florida Life & Health Insurance Guaranty Association · NOLHGA: how you are protected
Near Coral Springs
Sunrise (7 mi), Pompano Beach (8 mi), Plantation (10 mi), Fort Lauderdale (11 mi), Boca Raton (12 mi), Davie (13 mi)
Sources
- Census ACS 2024 1 year estimates, table based summary file
- Census 2024 Gazetteer place file
- 2023 NFDA General Price List Study Shows Inflation Increasing Faster than the Cost of a Funeral (NFDA)
- Florida Department of Financial Services, Division of Consumer Services
- Florida Life & Health Insurance Guaranty Association
Local numbers are Census American Community Survey 2024 one year estimates for Coral Springs, FL. The coverage figure is a rule of thumb, not advice.
