Vero Beach South, FL

Below Avg · 86

Florida · Population 29,365 · Updated March 2026

$1,201
Median Rent / Month
$71,675
Median Income
$295,500
Median Home Value
$1,111
Owner Costs / Month

Affordability

How far your income goes in Vero Beach South

20.1%
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

$14,412
Annual Rent
$0
State Income Tax
$2,541
Property Tax (est.)

Cost of Living Overview

Vero Beach South offers a below-average cost of living, giving residents more purchasing power compared to many US cities. With a cost index of 86 (where 100 equals the national median), Vero Beach South residents can expect to pay median rent of $1,201/month while earning a median household income of $71,675/year.

The median home value in Vero Beach South, FL is $295,500, with typical monthly owner costs around $1,111 including mortgage, insurance, and taxes. The median rent-to-income ratio of 20.1% 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 South.

Frequently Asked Questions

Common questions about living costs in Vero Beach South

What is the cost of living in Vero Beach South, FL?
The cost of living index in Vero Beach South, FL is 86 (US average = 100). Median monthly rent is $1,201, median household income is $71,675/year, and the median home value is $295,500.
Is Vero Beach South, FL affordable?
Yes, Vero Beach South is more affordable than the national average with a cost index of 86. The rent-to-income ratio is 20.1%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Vero Beach South, FL?
The median gross rent in Vero Beach South, FL is $1,201 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $14,412.
What is the median household income in Vero Beach South?
The median household income in Vero Beach South, FL is $71,675 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.