MyNeighborhood

Can you afford to live in VERO BEACH?

Median household income, home values and rent in VERO BEACH, FL — how they've changed since 2015 and how much of a typical paycheck housing takes compared with the rest of the country.

U.S. Census Bureau, American Community Survey 5-year estimates.

This story was assembled using AI and public data sources.

What it costs to live in VERO BEACH.

Median household income: $67,351 — +71.9% since 2015 (not adjusted for inflation)

Median gross rent: $1,197/mo — +48.5% since 2015

Median home value, 2015 to 2023

  • 2015: 199900
  • 2023: 392500

Median household income

  • VERO BEACH: 67351
  • Indian River County: 71049
  • FL: 71711
  • U.S.: 78538

Median gross rent

  • VERO BEACH: 1197
  • Indian River County: 1284
  • FL: 1564
  • U.S.: 1348

Share of income a typical renter spends on rent: 32.6% — U.S.: 30.2%

What it means

The typical household here earns $67,351 — notably lower than the national figure of $78,538.

The typical renter here spends 32.6% of household income on rent, above the 30% level housing agencies use to define cost burden.

Since 2015, income has kept pace with rent here (+71.9% versus +48.5%), before adjusting for inflation.

Sources

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