Indian River Shores, FL Profile: Facts & Data

The Town of Indian River Shores had a population of 4,503 as of July 1, 2024. Indian River Shores ranks in the lower quartile for Diversity Index when compared to the other cities, towns and Census Designated Places (CDPs) in Florida. See peer rankings below.

The primary coordinate point for Indian River Shores is located at latitude 27.7167 and longitude -80.3842 in Indian River County. The formal boundaries for the Town of Indian River Shores encompass a land area of 5.12 sq. miles and a water area of 2.13 sq. miles. Indian River County is in the Eastern time zone (GMT -5).

The Town of Indian River Shores has a C1 Census Class Code which indicates an active incorporated place that does not serve as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.

Florida is one of 20 states where Census County Divisions (CCDs) are used for statistical tracking of subdivisions within each county. The Town of Indian River Shores is located within Vero Beach CCD of Indian River County.

Indian River Shores, FL Data & Demographics (As of July 1, 2024)

POPULATION
Total Population	4,503 (100%)
Population in Households	4,503 (100.0%)
Population in Families	3,552 (78.9%)
Population in Group Quarters¹	0
Population Density	879
Diversity Index²	14


INCOME
Median Household Income	$200,001
Average Household Income	$266,301
% of Income for Mortgage⁴	35%
Per Capita Income	$146,191
Wealth Index⁵	430
Socioeconomic Status Index⁶	High (81.4)

HOUSING
Total HU (Housing Units)	3,547 (100%)
Owner Occupied HU	2,326 (65.6%)
Renter Occupied HU	146 ( 4.1%)
Vacant Housing Units	1,075 (30.3%)
Median Home Value	$1,128,358
Average Home Value	$1,337,554
Housing Affordability Index³	71

HOUSEHOLDS
Total Households	2,472
Average Household Size	1.82
Family Households	1,627
Average Family Size	2.00

NOTES

Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.
The Socioeconomic Index ranges from zero (lowest relative status) to 100 (highest relative status). This measure quantifies disparities in social position of an area's inhabitants and is built from a broad range of demographic, housing, and socioeconomic inputs. More information on this measure can be found in Esri's SEI tutorial.

Indian River Shores, FL - Peer Comparisons by Rank and Percentile

The table below compares Indian River Shores to the other 955 incorporated cities, towns and CDPs in Florida by rank and percentile using July 1, 2024 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

GROWTH RATE / YEAR	2020-2024	2024-2029
Population	1.42%	0.68%
Households	1.49%	0.74%
Families		0.81%
Median Household Income		0.00%
Per Capita Income		1.31%
Owner Occupied HU		0.99%

Variable Description	Rank	Percentile
Total Population	# 511	46th
Population Density	# 645	33rd
Median Household Income	# 10	100th
Housing Affordability Index	# 344	36th
Per Capita Income	# 4	100th
Diversity Index	# 949	1st

Indian River Shores, FL Profile: Facts & Data

Indian River Shores, Florida - Basic Facts

Indian River Shores, FL Data & Demographics (As of July 1, 2024)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Indian River Shores, FL - Peer Comparisons by Rank and Percentile

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