Cost of living in Viera East 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 Viera East 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 Viera East is 102, with 100 being the average.
The cost of living index in Viera East is 1.0x higher than the national average.
Viera East ranks as the #283 cheapest in Florida out of 459.
Viera East ranks as the #3,380 cheapest out of 6,412 in the US.
The median home value in Viera East is $286,000.
The median income in Viera East is $82,308.
According to the most recent data on the cost of living, Viera East has an overall cost of living index of 102, which is 1.0x higher than the national index of 100.
Compared to Florida, Viera East has a cost of living index that's 1.0x higher than Florida's index of 101.
The standard of living in Viera East ranks as #283 most affordable out of the 459 places we measured in Florida. By definition, that implies Viera East ranks as the #176 most expensive place in the Sunshine State.
For more reading on life in Viera East, check out:
Six factors go into calculating the cost of living index in Viera East. Here is how it fairs on each of the criteria:
The Services index in Viera East is 92.
The Groceries index in Viera East is 105.
The Health index in Viera East is 90.
The Housing index in Viera East is 112.
The Transportation index in Viera East is 96.
The Utilities index in Viera East is 99.
|Living Expense||Viera East||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 Viera East is $286,000.
The Median Rent in Viera East is $1,406.
The Median Income in Viera East is $82,308.
The Home Value To Income in Viera East is 3.5x.
The Rent To Monthly Income in Viera East is 0.2x.
|Statistic||Viera East||Florida||United States|
|Median Home Value||$286,000||$248,700||$244,900|
|Home Value To Income||3.5x||4.0x||3.5x|
|Rent To Monthly Income||0.2x||0.25x||0.2x|
The cost of living varies in the cities and towns around Viera East. Here's a quick look at the cost of living in the most populous nearby places:
Palm Bay, FL has a cost of living index of 95, 0.9x Viera East.
Melbourne, FL has a cost of living index of 93, 0.9x Viera East.
Merritt Island, FL has a cost of living index of 100, 1.0x Viera East.
|City||Population||Cost Of Living||Vs. Viera East|
|Palm Bay, FL||118,709||95||0.9x|
|Merritt Island, FL||34,013||100||1.0x|
|West Melbourne, FL||25,768||105||1.0x|
|Port St. John, FL||24,677||87||0.9x|
|Viera West, FL||14,322||113||1.1x|
|Cocoa Beach, FL||11,316||110||1.1x|
|Satellite Beach, FL||11,093||113||1.1x|