Vero Beach South, Florida Income Statistics
Vero Beach South Wealth Score
The wealth index reflects the overall economic prosperity and financial well-being of an area's residents based on income levels, employment rates, and income inequality metrics.
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C
Vero Beach South Below average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Vero Beach South | Florida Avg | US Average |
|---|---|---|---|
| Median Household Income | $73,628 | $74,580 | $80,455 |
| Median Personal Income | $51,105 | $52,322 | $60,758 |
| Average Yearly Income Growth | 5.9% | 5.4% | 4.8% |
| Six-Figure Earners | 7.9% | 11.6% | 13.9% |
| $200k+ Households | 7.4% | 11.0% | 13.2% |
The median household income in Vero Beach South is about 1% lower than in Florida. Income has been growing faster in Vero Beach South (5.9%/yr) than in Florida (5.4%/yr).
About 8% of adults in Vero Beach South earn six figures ($100,000 or more) a year, lower than the Florida average of 12%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Vero Beach South, Florida grew by 60.3% from 2009 to 2024, reaching $73,628 in 2024. That's an average of about 5.9% per year.
Vero Beach South has stayed below the U.S. median household income in every year from 2009 to 2024 and has never reached it. It came closest in 2020, at 6.9% lower. The gap has held fairly steady over the period.
Income Distribution in Vero Beach South
How incomes are spread across brackets, compared with the U.S. Pick a range to count who falls in it.
Households by income, 2024
Income range calculator
About 3,121 households (32.6% of all households) have an income of $100,000 or more.
Across the U.S.: 40.2% of all households.
In 2024, 18.7% of households in Vero Beach South had an income under $35,000 and 14.0% had $150,000 or more. Across the U.S., those shares were 21.6% and 22.8%.
Compared with the U.S., Vero Beach South has a larger share of households earning $35,000 to $49,999 (14.6% vs 10.1%) and a smaller share earning $200,000 or more (7.4% vs 13.2%).
| Household income | Households | Share | U.S. share |
|---|---|---|---|
| Under $10,000 | 448 | 4.7% | 5.1% |
| $10,000 to $14,999 | 225 | 2.4% | 3.5% |
| $15,000 to $24,999 | 489 | 5.1% | 6.4% |
| $25,000 to $34,999 | 623 | 6.5% | 6.7% |
| $35,000 to $49,999 | 1,394 | 14.6% | 10.1% |
| $50,000 to $74,999 | 1,704 | 17.8% | 15.5% |
| $75,000 to $99,999 | 1,567 | 16.4% | 12.6% |
| $100,000 to $149,999 | 1,779 | 18.6% | 17.4% |
| $150,000 to $199,999 | 634 | 6.6% | 9.5% |
| $200,000 or more | 709 | 7.4% | 13.2% |
Shares are of all 9,572 households, one per occupied home whatever its size. Households with zero or negative income are counted in the lowest bracket. Source: ACS 5-year estimates ending 2024 (table B19001).
Residents 15+ by personal income, 2024
Income range calculator
About 1,610 residents (7.9% of residents aged 15 and over) have a personal income of $100,000 or more.
Across the U.S.: 13.9% of residents aged 15 and over.
That is 8.7% of residents who have any income.
In 2024, 9.3% of Vero Beach South residents aged 15 and over reported no personal income, 30.4% had some income but less than $25,000, and 17.3% had $75,000 or more. Across the U.S., those shares were 12.8%, 28.7% and 22.0%.
Compared with the U.S., Vero Beach South has a larger share of residents earning $35,000 to $49,999 (16.4% vs 12.6%) and a smaller share earning $100,000 or more (7.9% vs 13.9%).
| Personal income | Residents | Share | U.S. share |
|---|---|---|---|
| No income | 1,894 | 9.3% | 12.8% |
| $1 to $9,999 | 2,292 | 11.2% | 11.2% |
| $10,000 to $14,999 | 1,400 | 6.9% | 7.0% |
| $15,000 to $24,999 | 2,494 | 12.2% | 10.5% |
| $25,000 to $34,999 | 2,194 | 10.8% | 9.5% |
| $35,000 to $49,999 | 3,353 | 16.4% | 12.6% |
| $50,000 to $74,999 | 3,224 | 15.8% | 14.3% |
| $75,000 to $99,999 | 1,921 | 9.4% | 8.2% |
| $100,000 or more | 1,610 | 7.9% | 13.9% |
Shares are of the 20,382 residents aged 15 and over, the only people the Census Bureau asks about income, and include those who reported none. A share of the whole population would count children as people without income, while a share of earners alone would hide the 9.3% with no income; the calculator adds that second share whenever your range leaves out people with no income. Source: ACS 5-year estimates ending 2024 (table B19325).
Income Inequality and the Gender Pay Gap in Vero Beach South
| Metric | Vero Beach South | Florida Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.502 | 0.551 | 0.552 |
| Male Median Income | $57,115 | $60,595 | $69,667 |
| Female Median Income | $51,354 | $50,762 | $56,850 |
| Gender Pay Gap | 10.1% | 16.2% | 18.4% |
The Gini coefficient measures how evenly income is shared between richer and poorer households, from 0 (everyone earns the same) to 1 (one household earns nearly everything). The lower the number, the more equally income is distributed. In Vero Beach South, it is 0.502, lower than Florida's 0.551, so income is more evenly distributed here than there, and lower than the US's 0.552, so income is more evenly distributed here than there.
Men's income is about 11% more than women's income in Vero Beach South, Florida. Over a 35-year career, a 11% wage gap accumulates to roughly $201,635 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Vero Beach South, Florida has narrowed from about 14% to 10% in 2024. Over that period the gap was widest at 21% in 2012, and was narrowest at 1% in 2022. In dollar terms, the gap has narrowed by $296 since 2009.
Employment
| Metric | Vero Beach South | Florida Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 2.9% | 4.8% | 5.2% |
| Working from Home | 10.7% | 15.7% | 15.0% |
| Commute time (minutes) | 17 | 23 | 22 |
Approximately 337 people are unemployed in Vero Beach South, Florida.
The average commute time in Vero Beach South is 17 minutes, shorter than the 23 minutes in Florida.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Vero Beach South, Florida has fallen from 12.5% to 2.9% in 2024. Over that period the rate peaked at 14.2% in 2013.
Vero Beach South has crossed the U.S. unemployment rate 3 times since 2011, most recently dropping below it by 2021. In 2024 its rate was 2.3 points lower.
Vero Beach South, FL Wealth Compared With Nearby Cities
How Vero Beach South, FL compares with the 1 cities closest to it.
| Area | Population | Median household income | Income growthAverage yearly change in median household income since 2016. Each year is measured in its own dollars, so this is growth before inflation. | Unemployment | Income inequalityGini coefficient: 0 would mean every household earns the same, 1 that a single household earns everything. The lower the number, the more equally income is shared here. |
|---|---|---|---|---|---|
| Vero Beach South, FL | 23,698 | $73,628 #1/2 | 5.9%/yr #1/2 | 2.9% #1/2 | 0.502 #2/2 |
| Florida Ridge, FL | 21,714 | $68,447 | 4.9%/yr | 4.0% | 0.501 |
Conclusion
Considering all these factors, Vero Beach South, Florida has an overall wealth index grade of C, making it somewhat better than Florida, and about on par with the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Vero Beach South, Florida.
How Rich Is Vero Beach South, Florida?
Vero Beach South has a wealth index grade of C. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a C grade means residents are close to the U.S. average. The median household income is $73,628, about 1% lower than the Florida average of $74,580.
How has median household income changed in Vero Beach South, Florida?
Between 2009 and 2024, the median household income in Vero Beach South, Florida rose 60%, from $45,926 to $73,628. Over the same years, income here outpaced Florida as a whole: +60% against +57%.
What was the median household income in Vero Beach South in 2023?
In 2023, the median household income in Vero Beach South, Florida was $71,031, up 3% from $68,664 in 2022. The Florida median that year was $71,864.
What was the median household income in Vero Beach South in 2020?
In 2020, the median household income in Vero Beach South, Florida was $60,301. By 2024 it had risen 22% to $73,628.
Is unemployment high in Vero Beach South, Florida?
Unemployment in Vero Beach South, Florida is only 2.9%, well below the Florida rate of 4.8%, a sign of a tight labor market where employers compete for workers.
What is the Gini coefficient in Vero Beach South, Florida?
The Gini coefficient in Vero Beach South is 0.502. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is lower than the US average of 0.552, so income is distributed more equally than in the country overall.
How has the income gap between men and women changed in Vero Beach South, Florida?
Since 2009, the income gap between men and women in Vero Beach South, Florida has narrowed from about 14% to 10% in 2024. Over that period the gap was widest at 21% in 2012, and was narrowest at 1% in 2022. In dollar terms, the gap has narrowed by $296 since 2009.
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