Quick facts: Vero beach, FL

Quick Facts

110.5
Cost of Living
above US average
17,096
Population
16.61
Crime Rate per 1000
below US average
$59,335
Median Income
below US average
$329,000
Median House Price
above US average
$2226.7
Average Rent
above US average
10%
Poverty Rate
below US average
4.2%
Unemployment Rate
above US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $59,335.

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Income Needed to Buy

βœ— Stretch
$103k/year
Based on $329,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $103k vs median $59,335
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Income Needed to Rent

⚠ Stretch
$95k/year
Based on $2226.7/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $95k vs median $59,335
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Vero beach, FL

Vero Beach, located on Florida's Treasure Coast, is known for its picturesque beaches and vibrant arts scene. This charming coastal city offers residents and visitors a blend of natural beauty, cultural attractions, and recreational opportunities. With a population of around 17,000, Vero Beach boasts a small-town feel while maintaining a welcoming atmosphere. The city's pristine beaches, such as South Beach and Humiston Park, are perfect for swimming, sunbathing, and water sports. In addition to the ocean, visitors can explore the Indian River Lagoon, known for its diverse wildlife and stunning scenery. Culturally, Vero Beach is home to the Vero Beach Museum of Art, which showcases a variety of exhibitions and hosts community events. The city's historic downtown area features an array of boutique shops, art galleries, and restaurants offering diverse cuisines. Outdoor enthusiasts enjoy nearby parks, golf courses, and hiking trails. Vero Beach also hosts annual events like the Vero Beach Wine + Film Festival and the Hibiscus Festival, celebrating local culture and community spirit. Overall, Vero Beach is a delightful destination for relaxation and recreation.

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