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Vero Beach South CDP, FL Profile: Facts & Data

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Vero Beach South CDP, Florida - Basic Facts

The Vero Beach South Census Designated Place had a population of 25,319 as of July 1, 2020.

The primary coordinate point for Vero Beach South CDP is located at latitude 27.6164 and longitude -80.413 in Indian River County. The formal boundaries for the Vero Beach South Census Designated Place encompass a land area of 10.25 sq. miles and a water area of 0.62 sq. miles.

The Vero Beach South Census Designated Place (GNIS ID: 2402965) has a U2 Census Class Code which indicates a census designated place without an official federally recognized name. It also has a Functional Status Code of "S" which identifies a statistical entity.

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


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Vero Beach South CDP, FL Data & Demographics (As of July 1, 2020)

POPULATION

Total Population 25,319 (100%)
Population in Households 25,091 (99.1%)
Population in Families 19,399 (76.6%)
Population in Group Quarters1 228 ( 0.9%)
Population Density 2,471
Diversity Index2 40
 
 

INCOME

Median Household Income $55,286
Average Household Income $74,093
% of Income for Mortgage4 16%
Per Capita Income $31,853
Wealth Index5 93
 

HOUSING

Total HU (Housing Units) 12,590 (100%)
Owner Occupied HU 8,557 (68.0%)
Renter Occupied HU 2,326 (18.5%)
Vacant Housing Units 1,707 (13.6%)
Median Home Value $205,204
Average Home Value $234,558
Housing Affordability Index3 160
 

HOUSEHOLDS

Total Households 10,883
Average Household Size 2.31
Family Households 6,822
Average Family Size 3
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 0.9% 0.98%
Households 0.88% 0.98%
Families 0.66% 0.84%
Median Household Income   1.19%
Per Capita Income   1.97%
Owner Occupied HU   0.99%

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Vero Beach South CDP, FL - Peer Comparisons by Rank and Percentile

The table below compares Vero Beach South CDP 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 # 160 83rd
Population Density # 339 63rd
Median Household Income # 417 55th
Housing Affordability Index # 482 52nd
Per Capita Income # 376 59th
Diversity Index # 562 39th

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

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