| Index | South Venice | Florida | National |
| Cost of living | 109 | 102 | 100 |
| Groceries | 104 | 102 | 100 |
| Health care | 102 | 104 | 100 |
| Housing | 122 | 97 | 100 |
| Transportation | 101 | 103 | 100 |
| Utilities | 114 | 110 | 100 |
| Lifestyle & Entertainment | 104 | 104 | 100 |
| Household Items | 100 | 102 | 100 |
| Education & Childcare | 103 | 106 | 100 |
Are you thinking about relocating, but curious about the potential cost of living in South Venice? Is it more expensive or more affordable than average? Based on the most recent report, the cost of living in South Venice stands at 109, making it 9% higher than the national average. The cost of living directly affects the affordability of one's desired lifestyle. Knowing the cost of housing, transportation, groceries and other essentials in the new area allows people to gauge whether they can maintain their preferred standard of living.
In South Venice, daily expenses such as food, housing, lifestyle expenses, transportation and health care are in line with comparable areas and about average when compared to all cities across the nation. This ensures that the cost of living in South Venice will resemble that of an average city, contributing to a manageable cost of living.
Housing costs are a very significant part of the South Venice cost of living index and generally encompass a large percentage of take-home income. Unfortunately, in this area, the housing costs for both homes and rentals were 21.8% more than the average city. This includes things like home and rent prices, mortgage rates and insurance.
Is South Venice affordable? This is a pivotal question, especially when mulling over a move, as affordability carries substantial weight in your decision-making process. Factors such as the cost of living index (discussed earlier), housing expenses and income levels all contribute to a location's affordability. For instance, in South Venice, the median home price is 13.5% higher than the national average and monthly rent prices are 41.3% higher than the typical rates. Additionally, the median income levels play a role in affordability, with South Venice boasting a median household income of $89,525, 10.1% higher than the national average.
Taxes: Cities that impose higher taxes, including sales and income taxes, can contribute to an escalated cost of living. The added expense of taxes on everyday goods like clothing and food naturally results in higher overall costs. Similarly, a higher income tax rate can further elevate the cost of living. In South Venice, the general sales tax rate starts at 6%, and income tax rates begin at 0%.
Urbanization: Larger, urban hubs brimming with ample amenities and robust employment opportunities often showcase a heightened cost of living. This surge is primarily attributed to the amplified demand for services and increased residential migration, culminating in elevated home prices and elevated rental rates. Conversely, less densely populated rural locales or regions characterized by reduced demand tend to offer a more limited array of amenities and undergo slower job market growth, ultimately yielding a more affordable cost of living.
Utilities: Similar to the prices of any goods or services, utility expenses can fluctuate widely, contingent on variables such as climate, available energy sources, geographical location and state regulations. Costs associated with electricity, water, heating, and waste disposal can differ in magnitude, depending on the specific city or state. In South Venice, the utilities index registers at 14% higher than the national average.
The cost of living data for South Venice shown above is based on a U.S. average baseline score of 100, making it easier to compare how far your dollar may go from one city to another. Housing uses U.S. Census home price and rental data, while all remaining values are AI-assisted estimates informed by regional pricing, climate, transportation dynamics, and local economic factors. These scores are best used for directional comparisons between cities.
| Cost of living index | |
| Groceries index | |
| Health care index | |
| Housing index | |
| Transportation index | |
| Utilities index | |
| Lifestyle index | |
| Household index | |
| Educare index |
| Median Income | Per Year | Per Month | Max Budget (28% DTI) | Max Budget (36% DTI) |
| Owners | $91,077 | $7,590 | $2,125 | $2,733 |
| Renters | $77,946 | $6,496 | $1,819 | $2,339 |
| State | General Sales Tax | With Max Surtax |
| Florida | 6% | 7.5% |
| State | Income Tax (Low) | Income Tax (High) |
| Florida | 0% | 0% |
| City | Population | Cost of Living Index | National Avg. |
| Warm Mineral Springs, FL | 5,389 | 100 | 0.0% |
| Gulf Gate Estates, FL | 10,922 | 101 | 1.1% |
| Grove City, FL | 2,074 | 102 | 2.4% |
| Nokomis, FL | 4,186 | 105 | 4.8% |
| Englewood, FL | 20,036 | 107 | 6.8% |
| South Venice, FL | 17,117 | 109 | 9.3% |
| City | Population | Cost of Living Index | National Avg. |
| Seven Oaks, SC | 17,121 | 97 | 2.7% |
| Camp Pendleton South, CA | 17,110 | 157 | 57.0% |
| Farmingville, NY | 17,109 | 139 | 39.2% |
| Vienna, VA | 17,109 | 182 | 82.5% |
| Defiance, OH | 17,127 | 87 | 12.6% |
| South Venice, FL | 17,117 | 109 | 9.3% |
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