West Vero Corridor cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
IndexWest Vero CorridorFloridaNational
Cost of living index8999100
IndexWest Vero CorridorFloridaNational
Goods & Services index9999100
Groceries index103102100
Health care index9997100
Housing index5495100
Transportation index99100100
Utilities index128103100
Here we can see a simple outline of the cost of living in West Vero Corridor, FL. As you can see, with the average cost of living in West Vero Corridor, FL being 89, that puts it 10% lower than the average of Florida and 11% lower than our nation's average. This simple outline of the cost of living index was formulated using prices of: goods and services (weighted 33%), housing prices (weighted 30%), groceries (weighted 13%), utilities (weighted 10%), transportation (weighted 9%), and health care (weighted 5%). Thus, goods/services, along with housing influences the majority of the cost of living index. The price of daily goods and services is a valuable and reliable number to be aware of when considering the general price of the city's goods. In the case of West Vero Corridor, FL, the price of goods and services are 1% lower than the average of Florida as well as 1% lower than the nation's average.

Did you know?

  • The cost of living in West Vero Corridor is 10% lower than the Florida average.
  • The cost of living in West Vero Corridor is 11% lower than the national average.
  • The cost of housing in West Vero Corridor is 46% lower than the national average.
  • Florida general sales tax is 18% higher than the national average.
  • Florida state income tax is 100% lower than the national average.

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Compare West Vero Corridor, FL Cost of living To Other Cities

Salary Calculator

This is how much you would need to earn in
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Groceries index
Health care index
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Use the salary calculator to compare your current income in West Vero Corridor, FL to any other city in the country. The calculator will tell you how much income you would need to make in a particular city to live at the same level based on the cost of living in each city. For example, if the cost of living in the city you are looking to move to is higher than that of West Vero Corridor, FL, then you would need to earn a higher salary in order to enjoy the same standard of living. To use the West Vero Corridor, FL salary calculator, enter the name of the new city, then move the slider to your current salary level. The salary calculator will do the rest and let you know if your salary would need to increase or decrease for the new city. You will also see a complete overview of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$35,787$2,982$835$1,074
Renters$30,960$2,580$722$929
A good way to judge both the affordability of the housing and the cost of living is by simply calculating the maximum that a person should spend on housing in West Vero Corridor, FL, otherwise known as the debt-to-income ratio (DTI). The safest way to live in the city is to avoid spending more than 28 percent of the gross income that one earns on costs that pertain to housing and no more than 36 percent on all expenses and debts. West Vero Corridor, FL has a median income of about $35,787 for people who own homes. Based on that number, a person should spend a maximum of $835 on expenses related to housing. Renters have a slightly different median income, which is $30,960. Based on this average, renters should spend no more than $722 on all of their rental costs if they want to maintain a non-impoverished standard of living.

Florida Sales Tax

StateGeneral Sales TaxWith Max Surtax
Florida6%7.5%

Florida Income Tax

StateIncome Tax (Low)Income Tax (High)
Florida0%0%
When you are determining the total cost of living in West Vero Corridor, FL you will want to make sure you consider both the Florida sales tax and the Florida income tax rates. Sales tax come in the form of taxes levied on both services and goods that are sold. The sales tax rates are different state to state and range from zero sales tax to higher than 7%. The sales tax in Florida is 6%, with the highest surtax being 7.5%. Tax that is on income by the government is income tax. Different states have different income tax rates and these rates can be higher or lower dependent on the corresponding tax bracket. The state income tax rates are different state to state and range from no income tax to more than 9% income tax. The income tax rates in Florida have a range from 0% to 0%.

Goods & Services

ItemWest Vero CorridorNational avg.Difference
Haircut $14.67$15.565.7%
Beauty Salon $43.89$36.1121.5%
Toothpaste $2.86$2.4715.7%
Shampoo $0.97$0.960.9%
Movie $6.21$10.1338.6%
Bowling $4.42$4.746.7%

Groceries

ItemWest Vero CorridorNational avg.Difference
Ground Beef $3.48$3.9812.6%
Fried Chicken $1.30$1.417.6%
Milk $2.38$2.0615.2%
Potatoes $3.60$2.9820.7%
Pizza $8.99$9.475.1%
Beer $9.49$8.797.9%

Health Care

ItemWest Vero CorridorNational avg.Difference
Optometrist $114.75$101.0413.6%
Doctor $87.53$107.4418.5%
Dentist $94.78$90.424.8%
Ibuprofen $10.69$9.2815.2%
Lipitor $418.04$426.502.0%

Housing

ItemWest Vero CorridorNational avg.Difference
Home Price $62,000.00$175,700.0064.7%
Avg. Mortgage Payment $907.44$1,133.2319.9%
Apartment Rent $907.00$920.001.4%

Transportation

ItemWest Vero CorridorNational avg.Difference
Gasoline $2.00$1.990.5%
Tire Balancing $43.32$45.765.3%

Utilities

ItemWest Vero CorridorNational avg.Difference
All Electricity$208.89$163.8127.5%
Phone $36.82$28.3929.7%
Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City, StatePopulationCost of Living IndexNational Avg.
Fort Pierce North, FL6,90187-13%
Fellsmere, FL5,31289-11%
Lakewood Park, FL11,30490-10%
Fort Pierce, FL42,74491-9%
Florida Ridge, FL18,05693-7%
West Vero Corridor, FL7,17689-11%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Heber Springs, AR7,17785-15%
Broadview Park, FL7,17595-5%
Naples Park, FL7,17811010%
Corona de Tucson, AZ7,1721044%
Landen, OH7,1711011%
West Vero Corridor, FL7,17689-11%
Source: The West Vero Corridor, FL cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.