Cost of Living in Vero beach, FL

Housing

The housing market plays a significant role in determining the cost of living in Vero beach, FL.

• Housing Index: 115.0 / 100
• Median Home Price is: $280000
• Average Rent (2 BR Apartment): $1800 per month
• Average Rent (2 BR House): $1840 per month

In Vero beach, FL, the current housing index stands at 115.0, indicating a slightly elevated market relative to national averages. The median home price of 280000 suggests that entering the market may require a significant financial commitment. Renting a 2-bedroom apartment averages 1800, while a 2-bedroom house averages 1840, adding a steady yet high monthly expenditure. It's essential to weigh these costs against your budget and future income potential, especially as market trends show that prices tend to rise in suburban areas. Consider all these factors before making your decision.

Utilities

The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Vero beach, FL.

• Electricity Price: 13.89 USD (median by state)
• Natural Gas Price: $26.13 USD per Thousand Cubic Feet (median by state)
• Other Utilities (water, garbage, etc.): $250 per month

Living in Vero beach, FL could entail higher utility costs. Electricity costs sit at 13.89, while natural gas is priced at 26.13 per Thousand Cubic Feet—both aligning with state medians. Expect to budget about 250 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Bethlehem is a financially viable option for your relocation.

Cost of Living Index

The cost of living index is a widely used metric to determine the relative affordability of cities and towns.

• Index score: 110.5

Median Income

The median income is an important factor to consider when evaluating the affordability of a city or town.

• Median Income: $59335

Educational and Social Amenities

Access to quality education, healthcare, and social services can significantly impact the overall quality of life in a city or town.

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Summary

When considering a move to Vero beach, FL, consider the following factors:

• Taxes: State income, property, and local income taxes can significantly impact your take-home pay.
• Job opportunities: The availability of jobs in your field can affect your quality of life.
• Cost of living: Housing costs, utilities, transportation, and other expenses should be considered when evaluating the affordability of a city or town.