Cost of Living in Indian River Shores, FL
Population 4,324 · Florida · Data vintage 2023
(100 = US avg)
Indian River Shores's housing market reflects its status as a high-earning metro: $1.1 million for a typical home, 256% above the US median, paired with household incomes around $149,722 that put it in the upper third of the state. The labor market has been unusually tight, with unemployment around 0.8% — below most comparable cities in the state.
Located 25 miles southeast of Palm Bay, Indian River Shores falls within that metro's commuting orbit. Median home values run roughly 338% higher than Palm Bay's $248,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Indian River Shores
The median home value in Indian River Shores is $1,085,600 — 256% above the national median of $305,000. Median rent runs $2,195/month, 67% higher than the national median of $1,314/month. The median household income of $149,722/year is 101% higher than the US median of $74,580. The local unemployment rate is 0.8%, below the national average of 4.8%. Florida charges no state income tax, a meaningful advantage for take-home pay. Overall, Indian River Shores has a cost of living index of 280 versus the US average of 100, meaning it is 180% more expensive.
Indian River Shores has limited residential data
Detailed housing and income data is limited for this location. Here are the nearest cities with full cost of living data:
🏠 Housing
HUD Fair Market Rents by Bedroom
💰 Estimated Monthly Budget
Estimates based on median data and national averages. Actual costs vary.
🛒 Food & Groceries
National BLS average prices (2023). Local prices may vary.
🚗 Transportation
Commute Mode
⚡ Utilities
📋 Taxes
💼 Income & Employment
🎓 Education
👥 Demographics
💨 Air Quality
EPA AQS 2023 — county-level monitoring data
Frequently Asked Questions
What is the cost of living in Indian River Shores, FL?
Indian River Shores has a cost index of 280 (100 = national average). It is 180% above the national average.
What is average rent in Indian River Shores, FL?
The median gross rent in Indian River Shores is $2,195 per month based on 2023 Census data.
What is the average home price in Indian River Shores?
The median home value in Indian River Shores is $1,085,600 according to Zillow and Census data.
What is the median income in Indian River Shores?
The median household income in Indian River Shores is $149,722 per year (2023 ACS 5-year estimates).
What is the sales tax in Indian River Shores, FL?
The combined state and local sales tax rate in Indian River Shores is 7.0%. Florida has no state income tax.
Is Indian River Shores, FL affordable?
Indian River Shores is above average in cost of living, with an index of 280 — about 180% higher than the national average.
Indian River Shores at a Glance
- Population
- 4,324
- Median Income
- $149,722
- Home Value
- $1,085,600
- Median Rent
- $2,195/mo
- Unemployment
- 0.8%
- Sales Tax
- 7.0%
Nearby Cities
Explore county-level cost of living data
Florida Rankings
Similar Cost Cities
Cities in other states with comparable housing costs