| Index | Venice | Florida | National |
| Cost of living | 118 | 102 | 100 |
| Groceries | 104 | 102 | 100 |
| Health care | 102 | 104 | 100 |
| Housing | 149 | 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 |
The cost of living in Venice affects the quality of life one can afford in this new location. It allows people to assess whether they can maintain their preferred lifestyle, including housing, leisure activities and dining options. Your total monthly expenditures can varry depending on the area, as well as many other factors. The cost of living in Venice is 118, which is 18% higher than the national average. Knowledge of the cost of living can help individuals make informed decisions about retirement savings, investments, and financial goals.
Housing costs are a very significant part of the 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 49.4% more than the average city. This includes things like home and rent prices, mortgage rates and insurance.
Is Venice an affordable place to live? It's a good question and one that you might want to ask when considering any new city, as affordability can play a huge role in the decision making process. The cost of living index (which we covered above), as well as housing costs and income levels play a vital role in determining the affordability of an area. The median home price in Venice is 57.2% higher than the national average, while the average monthly rent prices are 31.2% higher than average. The affordability of any location can also be influenced by median income levels. Venice has a median household income of $93,754, which is 15.3% higher than the national average.
Taxes: Areas with higher taxes, including sales taxes and income taxes, can contribute to a higher cost of living. Paying more tax for everyday household expenses like clothing and food will result in higher costs, as will paying a higher rate of income tax. The general sales tax rate in Venice starts at 6% and the income tax rates start at 0%.
Housing: High demand for housing in desirable locations can drive up property prices and rental rates. This can be a primary contributor to a higher cost of living. While low demand for housing, especially in undesirable locations, can have the reverse effect and drive prices down, resulting in a lower cost of living. The housing index in Venice, is 49.4% higher than the national average.
Healthcare: Healthcare expenses and insurance premiums can vary significantly depending on the specific city or state. Factors such as accessibility to healthcare facilities, out-of-pocket expenses for doctor's visits, dental care expenses, prescription costs and specialized medical care fees can all influence the overall cost of living. In Venice, healthcare costs are 2.4% higher than the national average.
The Venice cost of living data above is designed around a U.S. average baseline of 100, allowing for easy comparisons of relative living costs. Housing incorporates U.S. Census home price and rental data, while all other figures are AI-assisted estimates that account for regional price trends, climate, transportation dynamics, and common everyday expenses. These values are best used as directional city-to-city comparisons.
| 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 | $98,378 | $8,198 | $2,295 | $2,952 |
| Renters | $65,899 | $5,492 | $1,538 | $1,977 |
| 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% |
| Venice, FL | 24,063 | 118 | 17.5% |
| City | Population | Cost of Living Index | National Avg. |
| Clayton, NC | 24,066 | 103 | 3.0% |
| Moses Lake, WA | 24,055 | 107 | 6.8% |
| Carteret, NJ | 24,081 | 125 | 24.7% |
| Watertown, WI | 24,039 | 95 | 4.6% |
| Fairfax, VA | 24,037 | 160 | 59.7% |
| Venice, FL | 24,063 | 118 | 17.5% |
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