Cost of Living in Vero Beach, Florida by Expense Category Vero Beachs housing expenses are 19% lower than the national average and the utility prices are 28% higher than the national average. Transportation expenses like bus fares and gas prices are 1% lower than the national average.

How much does it cost to live in Vero Beach Fl?

Vero Beach cost of living is 95.1COST OF LIVINGVero BeachFloridaHousing91.3102.6Median Home Cost$211,200$237,100Utilities95.8101.3Transportation87.1112.64 more rows

What is the average annual income in Vero Beach Florida?

- The average income of a Vero Beach resident is $35,595 a year. The US average is $28,555 a year. - The Median household income of a Vero Beach resident is $37,937 a year.

Is Vero Beach Florida an expensive place to live?

Compared to other areas in the United States, the cost of living in Vero Beach is pretty high. On a 1 to 10 scale, with 1 being the most expensive, Vero Beach comes in at a 2 on food cost, according to the Economic Research Institute. This includes groceries, fast food, and average restaurant costs.

What celebrities live in Vero Beach?

Plenty of celebrities visit Vero Beach and among those who have spent time in the seaside community are the mega-star likes of Oprah Winfrey, Michael Jordan, Mike Tyson, Jay Leno, Jennifer Lopez and Taylor Swift.

What is minimum wage in Vero Beach Florida?

$8.56 Living Wage Calculation for Sebastian-Vero Beach, FL1 ADULT2 ADULTS (BOTH WORKING)0 Children1 ChildLiving Wage$13.26$15.62Poverty Wage$6.13$5.22Minimum Wage$8.56$8.56

Is Vero Beach wealthy?

Vero Beach is reportedly home to more retired Fortune 500 CEOs than any other location in the world and has the fourth highest concentration of wealthy households in the U.S. Most of these residents live on the exclusive barrier island that is divided from the mainland by the Indian River Lagoon.