No, Zelda is older.
Yearwise, yes, although they probably have different birthdays.
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It doesn't mention his exact age, but Vaati from The Minish Cap is a child, like Link and Zelda.
The creator of Link from Legend of Zelda would be Shigeru Miyamoto the same creator of Mario and other Nintendo characters.
It is all about how you think about Zelda. If you think that "young Link" (age 8) is the "real link" the he is 8 but is you thing "Big Link" (age 14) is the "real Link" then he is 14.
Jeffrey Rath. Link's age in the game is about 13 or 14.
Link and Zelda live in Hyrule(New Richmond), New Augusta, Albany, Hyland. They live in the same house 'cause they're married.