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Vero Beach Cost of Living

Vero Beach cost of living is surprisingly yet delightfully, affordable. Couple the cost of living with the weather, and it’s no wonder why so many people chose to call Vero Beach home. Located on the east coast of the Florida peninsula, with barrier islands out across the Indian River Lagoon, this is one of the best locations in the Sunshine State. So, let’s take a look at the cost of living in Vero Beach.

Vero Beach Cost of Living

If you’re considering relocating or are moving for a job opportunity (or even for just a change of scenery), Vero Beach has it all and plenty more. It offers super mild winters, spectacular fall and spring seasons, along with warm, balmy summers.

Rating the cost of living reveals it’s actually one of the more affordable communities in the state of Florida. Going from a baseline average of 100 nationally, Vero Beach scores well in a couple of different categories.

1.    Housing comes in with a score of 89, compared to the statewide average of 98 and a national average of 100.

2.    Transportation ranks at 98, with the statewide average at 104 and national, 100.

3.    Health is slightly more, coming in with a score of 102, compared to the statewide average of 101.

4.    Utilities run higher, due to the location but are still quite affordable. These average 107, compared to the state and national scores of 97 and 100, respectively.

Housing is perhaps one of the most attractive aspects of living in Vero Beach. The median home cost in Vero Beach, Florida is $204,700, compared with a statewide average of $222,900 and a national average of $216,2000.

Top Reasons to Live in Vero Beach

Now, let’s take a look at the best reasons to live in Vero Beach, Florida. First and foremost is obviously to escape the cold. And, to get away from the hustle and bustle of the big city. But, there are more benefits to living in Vero Beach:

 

1.    Location. Not only for the subtropical climate, but also, it’s nicely situated, right along the Atlantic Ocean, with a barrier.

2.    Low property taxes. Getting back to affordability, Vero Beach enjoys relatively low property taxes.

3.    No state income tax. The state of Florida is one out of a handful that does not have a state income tax. So, you keep more of what you earn. Plus, it’s a very business-friendly state.

4.    Recreation. Due to the great weather, it’s possible to get outside and stay active, almost every day of the year.

Vero Beach Florida Real Estate Market

The Vero Beach real estate market is a very active one. And, for plenty of good reasons. Located on the east coast of the peninsula and facing the Atlantic Ocean, this is one great place to call home.

Here, residents enjoy strong property appreciation, nearby access to several local eateries, retailers, and attractions, as well as the wonderful weather. A full 79 percent of the residents here in Vero Beach are homeowners, which means they have a vested, personal interest in maintaining their properties. The crime rate here is low and there are some really good schools in Vero Beach.

Vero Beach Florida Real Estate Market

Home to the Indian River Lagoon and to Disney’s Vero Beach Resort, the main industries here are aviation manufacturing and tourism. There are also two large retail shopping malls in Vero Beach, but it’s the sun, waves, and sand which are among the biggest draws. There are approximately 16700+ residents and more than 7,500+ households.

The Vero Beach real estate market is a strong one. Currently, the median sales price is on a small, incremental rise. In fact, it’s recorded an increase of 3 percent in a year over year comparison. For the period between April and July, the median sales price stood at $218,000, based on nearly 740 completed transactions. Additionally, the price per square foot rose by 5 percent, hitting $145, compared to the same period last year.

Top Reasons to Move to Vero Beach, Florida

Approximately one thousand people move to the Sunshine State each and every day. And, Vero Beach and the Treasure Coast (so named due to all the shipwrecks off the shore), continue to attract transplants. They come from all over the country. But, why call Vero Beach home? Here are a few reasons why it’s great to relocate to Vero Beach:

●      Relatively low cost of living. Compared to the west coast and northeast, the cost of living in Vero Beach is much less expensive.

●      Strong property appreciation. Like much of the peninsula, land is at a premium here because there’s less and less to develop. That means houses appreciate at a greater rate.

●      No state income tax. Due to the fact there is no income tax in the state of Florida, people chose to move here to keep more of what they work so hard to earn.

●      Wonderful weather. While the summer months are warm and balmy, the winters are super mild. And, the spring and fall seasons are simply sensational.

 ​​Hutchinson Island Beaches

Hutchinson Island beaches are some of the most beautiful in the state of Florida. Spanning over 23 miles, including sand, rocky banks, dunes, and more. What’s great about the majority of Hutchinson Island beaches is they’re fully equipped, complete with restaurants, showers, picnic areas, as well as loads of complimentary parking. That’s right, spend a day at the bachand forego those pesky parking expenses. But, that’s certainly not all. Let’s take a look at Hutchinson Island beaches and what you can expect to find. Hutchinson Island Beaches Hutchinson Island beaches offer a variety of things to do and see. Located on the east coast of the Sunshine State to the north of West Palm Beach and to the south of Titusville, Hutchinson Island is actually two barrier islands on the Atlantic Ocean. Hutchinson Island is best known for its nature preserves and parks, but it’s also well known for its wonderful beaches. Hutchinson Island is also home to the Florida Oceanographic Coastal Center and Elliot Museum. But, it’s a terrific place to go to the beach. And, there’s plenty of choice when it comes to these local natural attractions. Here’s a little more information about Hutchinson Island beaches: ● Bathtub Reef Beach. Located on the south of the island, Bathtub Reef Beach is one of the most visited, and for good reason. It’s a place that’s best at low tide. During load tide, the water is shallow and people like to snorkel. It’s also great for children at low tide. Then, when the tide comes in, it offers scuba exploration. ● Blind Creek. This is another favorite, simply because of its sheer size, with 14 acres. It’s known to be a great fishing spot, plenty of parking, but it’s sparse when it comes to amenities, without facilities. ● Dollman Beach. This is the place to go for surfers. It’s equipped with pavilions and restrooms, making it more functional. ● Fort Pierce Inlet State Park. Here, you’ll find picnic areas, showers, along with showers. And, it’s a nature lover’s dream comes true. It’s a great spot for snorkeling and fishing. It’s also ideal for kayaking, trail walking, and more. ● Herman’s Bay Beach. This is a relatively small area, about 1 acre. But, it’s full of fish and the locals know it. Perhaps the biggest draw in Hutchinson Island is Jensen Beach. This is a marvelous community where you’ll find picnic facilities, showers and bathrooms, volleyball, and a whole lot more. This is fun for all ages.

Hutchinson Island Florida Cost of Living

The Hutchinson Island, Florida cost of living is something that makes the area all the more attractive, over and above the wonderful weather. Compared to big city life, Hutchinson Island is a real treat and it’s the place that keeps on giving good vibes, all year long.

Hutchinson Island Florida Cost of Living

The great thing about the cost of living in Hutchinson Island is that it’s relatively inexpensive in many categories. Now, when it comes to real estate, it is above the national average but it is definitely affordable. The good news is that Hutchinson Island has more to offer and it’s relatively inexpensive.

Another terrific aspect about living in Hutchinson Island, Florida, is that you’re not too far from the thrills of Miami or the tropic islands of the Florida Keys. Plus, it’s only two hours away from the great, world-class theme parks of Orlando. In other words, it’s in an awesome location.

Moreover, Hutchinson Island is known for its come as you are, casual and laid-back lifestyle, which makes it even better. Now, let’s take a look at some of the best reasons to call Hutchinson Island home and its related cost of living:

  • No state income tax. This is a really big deal -- really. When you’re not surrendering a good chunk of your income to state income tax, you keep more of what you earn. That alone helps to make a permanent move to Hutchinson Island all the more lucrative. It’s a quick way to recapture a substantial portion of your salary and love the life of living in Florida.
  • High real estate appreciation. Another great aspect of living on Hutchinson Island (or anywhere on the peninsula) is the fact that real property here appreciates at a significant pace. Since about one-thousand people move to the state every day, that means this trend will continue for quite some time. Which translates into high equity gains.
  • Relatively low utility costs. The cost of utilities in Hutchinson Island is relatively low, compared to many other areas of the country. Here, you also don’t have to worry about heat in the winter, or paying for snow removal and other cold-climate related expenses.
  • Ease of recreation. Since the Sunshine State is full of well, sunshine and the winters are super mild, there’s almost year-round opportunity to exercise and engage in recreation. Living in Hutchinson Island means you’re always near the coast, which means beautiful beaches, wonderful parks, and much more.

Hutchinson Island Real Estate Market

The Hutchinson Island real estate market has much to offer. The area itself is beautiful and captivating, featuring that wonderful subtropical climate so many people adore. Located on the east coast of the Florida peninsula, Hutchinson Island is actually two localities, separated by the Fort Pierce Inlet. The island itself is a barrier island, with the Atlantic Ocean to the east and an expansive aquatic preserve to the west.

Even better, the Hutchinson Island real estate market is an active and diverse one, with something for just about everyone. And, a varied price range from modest starter homes to luxury residences.

Hutchinson Island Real Estate Market

Here on Hutchinson Island, the residential real estate market has a whole lot to offer. It’s a particularly attractive place to call home. Plus, there’s plenty to see and do about the area. In the Hutchinson Island real estate market, you’ll find a nice variety of housing types. There are condos, townhomes, single family properties, and more.

The Hutchinson Island real estate market offers properties ranging in size from simple two bedrooms, one bath houses, to 3 beds, 3 baths, and even larger properties, with 4 to 5 beds and 3 to 4 baths. (Of course, there are also bigger homes with up to 8 to 10 bedrooms and 4+ to 10 baths.)

Advantages of Living in Hutchinson Island

Here in Hutchinson Island, you’ll find it’s a wonderful place to live full-time or as a terrific vacation getaway. The area is largely known for its gorgeous beaches, its expansive preserves, and family parks. This is home to the Elliott Museum, which features art, history, and technology collections. And, it’s also the home of the Florida Oceanographic Coastal Center.

There are also a good number of benefits in living in Hutchinson Island:

●      Great property appreciation. Since the area is so highly desirable, residential real estate properties enjoy remarkably good appreciation performance.

●      Inexpensive cost of living. When compared to other areas of the country, you’ll quickly discover the cost of living is quite inexpensive. On average, you’ll spend less in day-to-day living costs, as well as utilities, and more

●      No state income tax. In the state of Florida, residents not only enjoy a lower cost of living but also, they keep more of what they work so hard to earn.

●      Ideal climate conditions. The biggest draw is the weather, with its super-mild winters and fabulous spring and fall seasons.

Of course, recreational opportunities abound. These include, but aren’t limited to boating, fishing, biking, kayaking, golf, tennis, snorkeling, sailing, and much, much more.

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Kimberly S Conley,
Broker
Preferred Properties 
3211 N A1A
Hutchinson Island, FL 34949
Office: 772-466-8200
Cell: 772-216-1674
Email: kimconleyc21@aol.com

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Kimberly S Conley | Preferred Properties | Office: 772-466-8200 | kimconleyc21@aol.com 
3211 N A1A Hutchinson Island, FL 34949
 

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