Cost of Living in Venice, FL

Population 26,467 · Florida · Data vintage 2023

123
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

With a median age of 69, Venice functions largely as a retirement market. Housing costs — $381,000 for a typical home — anchor most household budgets, and the state's treatment of pension income tends to matter more than wage-driven tax comparisons.

Venice is about 40 miles northwest of Cape Coral, the nearest large metro — close enough that regional housing and labor patterns are shaped largely by the larger market. Median home values run roughly 12% higher than Cape Coral's $339,000.

Cost Overview

Housing 125
Rent 121

Scale: 100 = US national average. Green < 90, Red > 110.

About the Cost of Living in Venice

The median home value in Venice is $381,400 — 25% above the national median of $305,000. Median rent runs $1,591/month, 21% higher than the national median of $1,314/month. The median household income of $74,340/year is equal to than the US median of $74,580. The local unemployment rate is 3.3%, below the national average of 4.8%. Florida charges no state income tax, a meaningful advantage for take-home pay. Overall, Venice has a cost of living index of 123 versus the US average of 100, meaning it is 23% more expensive.

🏠 Housing

Median Home Value
$381,400
25% above avg
Zillow Home Value
$377,988
Zillow ZHVI
Median Rent
$1,591/mo
21% above avg
Zillow Rent
$2,195/mo
Zillow ZORI
Price-to-Rent Ratio
20.0x
Favors buying
Property Tax Rate
0.9%
Effective rate

HUD Fair Market Rents by Bedroom

Studio
$1,085
1 BR
$1,181
2 BR
$1,427
3 BR
$1,797
4 BR
$2,099
Owner-occupied 80.0%
Renter-occupied 20.0%

💰 Estimated Monthly Budget

Rent median rent
$1,591
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $2,205/mo

Estimates based on median data and national averages. Actual costs vary.

🛒 Food & Groceries

National BLS average prices (2023). Local prices may vary.

🥚
Eggs (dozen)
$0.548
🍞
White Bread (lb)
$1.912
🥩
Ground Beef (lb)
$5.61

🚗 Transportation

Avg Commute
25.1 min
7% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
23.9%

Commute Mode

Drove alone
65.9%
Carpooled
6.5%
Public transit
0.5%
Walked
0.7%
Bicycle
1.3%
Work from home
23.9%

Utilities

Electricity
$0.176/kWh
0% below avg

📋 Taxes

State Income Tax (flat) None
Total Sales Tax 7.0%
State rate 6.0%
Avg local rate 1.1%
Property Tax 0.9%

💼 Income & Employment

Median Household Income
$74,340
0% below avg
Per Capita Income
$74,510
Unemployment Rate
3.3%
31% below avg
Poverty Rate
8.5%
Labor Force Participation
30.9%

🎓 Education

Bachelor's degree+ 24.0%
Graduate degree 20.2%

👥 Demographics

Median Age 68.7
Male median age 69.1
Female median age 68.6

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 47 — Good
63.6%
Good air days/yr
143
Max AQI recorded
224
PM2.5 days
141
Ozone days

Frequently Asked Questions

What is the cost of living in Venice, FL?

Venice has a cost index of 123 (100 = national average). It is 23% above the national average.

What is average rent in Venice, FL?

The median gross rent in Venice is $1,591 per month based on 2023 Census data.

What is the average home price in Venice?

The median home value in Venice is $381,400 according to Zillow and Census data.

What is the median income in Venice?

The median household income in Venice is $74,340 per year (2023 ACS 5-year estimates).

What is the sales tax in Venice, FL?

The combined state and local sales tax rate in Venice is 7.0%. Florida has no state income tax.

Is Venice, FL affordable?

Venice is above average in cost of living, with an index of 123 — about 23% higher than the national average.

Venice at a Glance

Population
26,467
Median Income
$74,340
Home Value
$381,400
Median Rent
$1,591/mo
Unemployment
3.3%
Sales Tax
7.0%
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