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: $280,000
- 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 Vero beach is a financially viable option for your relocation.