Indian River Shores, FL Profile: Facts & Data

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Indian River Shores, Florida - Basic Facts

The Town of Indian River Shores had a population of 4,179 as of July 1, 2020. 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 elevation is 0 feet.

The Town of Indian River Shores (GNIS ID: 2405885) 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.


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Indian River Shores, FL Data & Demographics (As of July 1, 2020)

POPULATION

Total Population 4,179 (100%)
Population in Households 4,179 (100.0%)
Population in Families 3,334 (79.8%)
Population in Group Quarters1 0
Population Density 816
Diversity Index2 7
 
 

INCOME

Median Household Income $134,413
Average Household Income $191,253
% of Income for Mortgage4 24%
Per Capita Income $105,813
Wealth Index5 440
 

HOUSING

Total HU (Housing Units) 3,493 (100%)
Owner Occupied HU 2,218 (63.5%)
Renter Occupied HU 65 ( 1.9%)
Vacant Housing Units 1,210 (34.6%)
Median Home Value $775,785
Average Home Value $1,077,018
Housing Affordability Index3 105
 

HOUSEHOLDS

Total Households 2,283
Average Household Size 1.83
Family Households 1,526
Average Family Size 2
NOTES
  1. 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.
  2. 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.
  3. 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.
  4. 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).
  5. 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.

GROWTH RATE / YEAR

2010-2020 2020-2025
Population 0.67% 0.74%
Households 0.61% 0.7%
Families 0.31% 0.61%
Median Household Income   1.86%
Per Capita Income   1.81%
Owner Occupied HU   0.71%

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

The table below compares Indian River Shores to the other 919 incorporated cities, towns and CDPs in Florida by rank and percentile using July 1, 2020 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.

Variable Description Rank Percentile
Total Population # 510 45th
Population Density # 633 31st
Median Household Income # 13 99th
Housing Affordability Index # 134 15th
Per Capita Income # 5 100th
Diversity Index # 915 1st

Additional comparisons and rankings can be made with a VERY EASY TO USE Florida Census Data Comparison Tool.

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