Cost of living in Vero Beach research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Vero Beach is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Florida, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Vero Beach is 106, with 100 being the average.
The cost of living index in Vero Beach is 1.1x higher than the national average.
Vero Beach ranks as the #326 cheapest in Florida out of 459.
Vero Beach ranks as the #3,772 cheapest out of 6,412 in the US.
The median home value in Vero Beach is $287,500.
The median income in Vero Beach is $54,311.
According to the most recent data on the cost of living, Vero Beach has an overall cost of living index of 106, which is 1.1x higher than the national index of 100.
Compared to Florida, Vero Beach has a cost of living index that's 1.0x higher than Florida's index of 101.
The standard of living in Vero Beach ranks as #326 most affordable out of the 459 places we measured in Florida. By definition, that implies Vero Beach ranks as the #133 most expensive place in the Sunshine State.
For more reading on life in Vero Beach, check out:
Six factors go into calculating the cost of living index in Vero Beach. Here is how it fairs on each of the criteria:
The Services index in Vero Beach is 99.
The Groceries index in Vero Beach is 104.
The Health index in Vero Beach is 109.
The Housing index in Vero Beach is 108.
The Transportation index in Vero Beach is 102.
The Utilities index in Vero Beach is 113.
|Living Expense||Vero Beach||Florida||National Average|
Housing swings affordability the most between places in Florida, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Vero Beach is $287,500.
The Median Rent in Vero Beach is $993.
The Median Income in Vero Beach is $54,311.
The Home Value To Income in Vero Beach is 5.3x.
The Rent To Monthly Income in Vero Beach is 0.22x.
|Statistic||Vero Beach||Florida||United States|
|Median Home Value||$287,500||$248,700||$244,900|
|Home Value To Income||5.3x||4.0x||3.5x|
|Rent To Monthly Income||0.22x||0.25x||0.2x|
The cost of living varies in the cities and towns around Vero Beach. Here's a quick look at the cost of living in the most populous nearby places:
Fort Pierce, FL has a cost of living index of 90, 0.8x Vero Beach.
Vero Beach South, FL has a cost of living index of 95, 0.9x Vero Beach.
Sebastian, FL has a cost of living index of 97, 0.9x Vero Beach.