Key Economic Benchmarks
Median Household Income
$73,491$6,124 per month · U.S. Census Bureau ACS 5-YearFair market rent & 30% rule in Indian River County, FL
Official HUD Fair Market Rents evaluated against local household income benchmarks.
2026 HUD Fair Market Rent Schedule: Indian River County, FL
Official FY2026 HUD Fair Market Rents for Sebastian-Vero Beach-West Vero Corridor, FL MSA. Under the federal 30% housing affordability standard, housing costs are sustainable when they consume 30% or less of gross household income.
| Unit Size | Monthly Rent | Annual Rent | 30% Rule Min. Income | % of Median Income |
|---|---|---|---|---|
| Studio / Efficiency | $1,214 | $14,568 | $48,560 | 19.8% |
| 1-Bedroom Apartment | $1,222 | $14,664 | $48,880 | 20% |
| 2-Bedroom ApartmentBenchmark | $1,604 | $19,248 | $64,160 | 26.2% |
| 3-Bedroom Home | $1,956 | $23,472 | $78,240 | 31.9% |
| 4-Bedroom Home | $2,691 | $32,292 | $107,640 | 43.9% |
See dedicated rental breakdown for Indian River County, FL →
50/30/20 Living Budget in Indian River County, FL
Based on the local median household income of $73,491/year ($6,124/month), here is how a balanced budget allocates expenses:
Take-Home Pay & Tax Explorer in Florida
Explore net income after federal income tax, FICA, and Florida state income tax based on the local median baseline.
Related Regional & Financial Profiles
Compare earnings and living costs across Florida with official federal datasets:
Frequently Asked Questions About Living in Indian River County, FL
What is the median household income in Indian River County, FL?
According to the latest U.S. Census Bureau ACS 5-Year survey, the median household income in Indian River County, FL is $73,491 per year (approximately $6,124 per month).
What is the average rent in Indian River County, FL?
According to HUD Fair Market Rent (FMR) benchmarks for 2026, standard monthly rents in Indian River County, FL are $1,214 for a studio, $1,222 for 1 bedroom, $1,604 for 2 bedrooms, $1,956 for 3 bedrooms, and $2,691 for 4 bedrooms.
How does the cost of living in Indian River County, FL compare to the national average?
Based on the Bureau of Economic Analysis (BEA) Regional Price Parity index, the general price level in Indian River County, FL is 98.3 (1.7% lower than the U.S. national baseline of 100.0).
How much do you need to earn to comfortably afford rent in Indian River County, FL?
Under the standard 30% housing affordability standard, renting a median 2-bedroom home ($1,604/month) in Indian River County, FL requires a minimum gross household income of $64,160 per year ($5,347 per month).
What is a balanced 50/30/20 monthly budget in Indian River County, FL?
For a typical household earning the median income of $73,491/year ($6,124/month) in Indian River County, FL, a balanced 50/30/20 budget allocates $3,062/month to essential needs (rent, utilities, groceries), $1,837/month to discretionary spending, and $1,225/month to savings and debt repayment.
What are typical electricity and utility costs in Indian River County, FL?
Residential electricity rates in Florida average 15.1¢ per kWh according to the U.S. Energy Information Administration (EIA). For an average home using 900 kWh per month, the estimated electric bill is approximately $136 per month.