Vero Beach, FL

Average · 99

Florida · Population 16,785 · Updated March 2026

$1,197
Median Rent / Month
$67,351
Median Income
$392,500
Median Home Value
$1,204
Owner Costs / Month

Affordability

How far your income goes in Vero Beach

21.3%
Rent-to-Income Ratio
Affordable
Rent takes less than 25% of median income — considered affordable by HUD standards.

Tax Burden in Florida

State-level tax rates that affect your costs

0%
Income Tax (Top Rate)
6.0%
Sales Tax
0.86%
Property Tax Rate

Estimated Annual Costs

$14,364
Annual Rent
$0
State Income Tax
$3,376
Property Tax (est.)

Cost of Living Overview

Vero Beach has a cost of living close to the national average, offering a balanced mix of expenses and amenities. With a cost index of 99 (where 100 equals the national median), Vero Beach residents can expect to pay median rent of $1,197/month while earning a median household income of $67,351/year.

The median home value in Vero Beach, FL is $392,500, with typical monthly owner costs around $1,204 including mortgage, insurance, and taxes. The median rent-to-income ratio of 21.3% means housing is relatively affordable here — well below the 30% threshold that HUD considers cost-burdened.

Florida has no state income tax, which can represent significant savings compared to high-tax states. Combined with a 6.0% sales tax rate and 0.86% effective property tax rate, the overall tax environment helps keep costs manageable in Vero Beach.

Frequently Asked Questions

Common questions about living costs in Vero Beach

What is the cost of living in Vero Beach, FL?
The cost of living index in Vero Beach, FL is 99 (US average = 100). Median monthly rent is $1,197, median household income is $67,351/year, and the median home value is $392,500.
Is Vero Beach, FL affordable?
Yes, Vero Beach is more affordable than the national average with a cost index of 99. The rent-to-income ratio is 21.3%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Vero Beach, FL?
The median gross rent in Vero Beach, FL is $1,197 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $14,364.
What is the median household income in Vero Beach?
The median household income in Vero Beach, FL is $67,351 per year. This compares to the national median of approximately $80,000.
What are the taxes like in Florida?
Florida has a top income tax rate of 0%, a sales tax of 6.0%, and an effective property tax rate of 0.86%. Notably, there is no state income tax.