The Salary Needed to Buy a Home in Vero Beach, Florida — Compared to America's Most Expensive Cities

How Much Salary Do You Need in Vero Beach?

Using the same methodology as Realtor.com — the 30% affordability rule (housing costs ≤30% of gross income), a 30-year fixed mortgage at current rates (~6.2–6.3% as of late December 2025 per Freddie Mac and other surveys), and assuming 20% down — here's a realistic breakdown for Vero Beach's median home:

• Median home price: ~$400,000 (mid-range of recent reports for conservatism)

• 20% down: $80,000

• Loan amount: $320,000

• Monthly mortgage payment (principal + interest at ~6.25%): ~$1,970

• Plus taxes/insurance (Florida averages, including property tax ~1% and homeowners insurance): ~$800–$1,000/month total additional

• Total estimated monthly housing cost: ~$2,800–$3,000

To keep this at or below 30% of gross income, you'd need an annual household income of approximately $110,000–$120,000 (or ~$9,000–$10,000 monthly gross).

This is a fraction of what's required in top-tier markets:

• In ultra-expensive California ZIPs like Newport Coast or Malibu, the required income often exceeds $1–2 million+ annually.

• Even in more "accessible" luxury spots (median ~$6–8 million), salaries in the $500,000–$1 million+ range are common for financed purchases (though many are all-cash).

Vero Beach's affordability shines brighter when considering overall cost of living — about 3% below the national average per recent data, with no state income tax boosting your take-home pay.

If you're eyeing a move for safety, sunshine, and a more manageable lifestyle — without sacrificing coastal luxury — Vero Beach offers exceptional value. For personalized guidance on luxury listings in gated communities or waterfront properties, contact trusted experts: