Vero Beach Retirement Facts to Keep in Mind

Chairs under an umbrella at Vero Beach in Florida

With its temperate climate and welcoming beach, many consider Vero Beach retirement an idyllic choice.

Vero Beach Facts

Vero Beach, Florida is part of the state's "Treasure Coast". Because of the city's position on the Atlantic Ocean, the warm waters of the Gulf Stream moderate the temperature. If outdoor activities in an average sunny climate of 74 degree weather sounds appealing, Vero Beach retirement is for you.

Vero Beach proper is a relatively small community of nearly 20,000 people, but linked together with a series of other cozy towns within Indian River County, the "Citrus Capital of the World." Lauded for its scenic beauty, controlled growth plan, high-quality lifestyle, and dedication to culture and the arts, Vero Beach rates highly by many guidebooks and retirement resources:

  • Money magazine calls it one of the "Top Beach Towns" as well as one of the "Top 10 Cities to Buy Now."
  • Cities Ranked and Rated placed Vero Beach in its "Top 10 of Emerging Places."
  • America's Guide to Small Towns ranked the locale as the "Best Small Town in Florida" and 12th overall in the nation.

Attraction of Vero Beach Retirement

A daily walk on 23 miles of beach is just one of many benefits to Vero Beach retirement.

  • No state income tax
  • State sales tax rate of only six percent
  • Relatively low property taxes
  • Anticipated housing rate of return of 64 percent within the next five years
  • State-of-the-art medical facility
  • Variety of helpful senior services
  • Plentiful recreation including surfing, river and deep sea fishing, boating, golfing, and kayaking

Although a small town, Vero Beach is an epicenter of activity.

  • Baseball fans relish watching the Los Angeles Dodgers complete spring training, February through April, at its Vero Beach camp as well as rooting for the home team, the Vero Beach Dodgers.
  • Grant Historical House and Fisherman's Park host a variety of community events.
  • Harbor Branch Oceanographic Institution is one of the world's largest non-profit ocean research facilities.
  • The Mel Fisher Treasure Museum holds many discovered secrets of sunken treasure ships.

Additionally, Vero Beach is right off I-95 making Kennedy Space Center 75 miles away, Orlando at 110 miles west, and Miami just a little over two-hours south.

Vero Beach Housing Options

The Vero Beach housing market is expected to boom within the next five years. The median home price of a single-family home in 2006 was approximately $235,000.

There are also many retirement communities with a host of amenities, including:

The Isles of Vero Beach, one of many communities, combines the advantages of an independent lifestyle with congregate living. A minimum monthly price of $2,225 includes main meal and snacks, entertainment, pools, services, activities, accessible medical assistance, and home options ranging from private rooms to two-bedroom apartments.

The ACTS Retirement Life Community maintains two properties in Vero Beach. Occupants pay an entrance fee to cover access to medical services plus a monthly housing fee, based on the type of unit and number of occupants. Units vary from studio apartments to three-bedroom, two bath condos. Main meals, snacks, pools, services, entertainment, and other amenities are just a few of the options.

Making a Decision

Before deciding on Vero Beach retirement, vacation there for a couple of weeks or consider a short-term stay. Many condo properties lease units for one-to-two month stays, giving you just enough time to decide if the Treasure Coast will be your new home.

For more information, visit the Web site.

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Vero Beach Retirement Facts to Keep in Mind