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Indian River County, FL

Migration of people and income, 20222023 filing years

At a glance (2023)

Cost of living
97
3% below the U.S. average
Median home value
$314,700
national $303,400
Home prices, 5 years
+70.1%
over the 5 years to 2023
Monthly rent
$1,284
national $1,348
Homeownership
79%
national 65%
Unemployment
3.6%
national 3.6%
Household income
$71,049
national $78,538
Median age
55.0 yrs
national 38.7

Cost of living is the metro-area price level for Sebastian-Vero Beach-West Vero Corridor, FL.

The cost of living runs about 3% below the national average. The median home is valued at $314,700 (nominal). Home prices have risen about 70% over the five years to 2023. Median rent is about $1,284 a month. Unemployment averaged 3.6% in 2023 (national 3.6%). Median household income is $71,049. These figures describe all residents, not just tax filers, come from separate sources than the migration data on this page, and do not indicate why anyone moved.

Between the 2022 and 2023 filing years, Indian River County, FL saw a net gain of 928 tax-filing households and a net gain of 1,968 individuals. Against a population of about 169,795, that is a net inflow of about 12 per 1,000 residents. On net, the area gained $378.8M in associated adjusted gross income (AGI, nominal dollars). The largest inflow, about 809 households, came from St. Lucie County; the largest outflow, about 622 households, went to Brevard County. In the prior (2022) filing year, the area saw a net gain of 3,872 individuals. These figures cover federal income tax filers only and do not indicate why people moved.

Net income (AGI)
+$378.8M
nominal dollars
Net households
+928
tax returns
Net people
+1,968
exemptions

+11.6 net people per 1,000 residents (population 169,795)

Income (AGI) in and out

Moved in$798.8M
Moved out$420M
Net +$378.8M (nominal)
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Indian River County within Florida

Indian River County is outlined, with arrows tracing its largest moves to and from other Florida counties. Hover any county for its figures; click to open it.

Net outNet in(AGI $)
Hover an area to trace its top 5 inbound (in) and outbound (out) moves.
Net income (AGI) that moved in minus out, in nominal dollars (not adjusted for inflation).Net tax returns (filing households) that moved in minus out.Net people per 1,000 residents, so larger and smaller areas compare fairly.
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Where movers came from

  1. 1St. Lucie County, FL809$45.9M
  2. 2Brevard County, FL438$30.5M
  3. 3Palm Beach County, FL317$45.2M
  4. 4Broward County, FL266$25.5M
  5. 5Miami-Dade County, FL155$18.2M
  6. 6Martin County, FL112$9.4M
  7. 7Orange County, FL104$8.4M
  8. 8Suffolk County, NY89$18.7M
  9. 9Lee County, FL64$4.9M
  10. 10Polk County, FL56$4.3M
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Where movers went

  1. 1Brevard County, FL622$42.4M
  2. 2St. Lucie County, FL545$35.1M
  3. 3Palm Beach County, FL165$12.3M
  4. 4Orange County, FL134$6.9M
  5. 5Broward County, FL122$8.7M
  6. 6Hillsborough County, FL95$9.4M
  7. 7Miami-Dade County, FL68$7.2M
  8. 8Martin County, FL61$5.8M
  9. 9Duval County, FL56$4.4M
  10. 10Polk County, FL49$3M
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Churn by county · both directions at once

The biggest two-way exchanges of filing households, 20222023. Moved in and moved out are gross one-way counts; net is the difference. Click a column to sort.

St. Lucie County, FL809545+264+$10.8M
Brevard County, FL438622-184-$11.8M
Palm Beach County, FL317165+152+$32.9M
Broward County, FL266122+144+$16.8M
Orange County, FL104134-30+$1.5M
Miami-Dade County, FL15568+87+$10.9M
Martin County, FL11261+51+$3.7M
Hillsborough County, FL5295-43-$5.3M
Suffolk County, NY8940+49+$13M
Lee County, FL6441+23-$154K
Polk County, FL5649+7+$1.3M
Duval County, FL3856-18-$2.6M

Counts are filing households (IRS returns), matching the lists above; income is nominal AGI. A dash means the IRS published only one direction of that exchange (small flows are suppressed), so no net is computed.

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Net migration by year

Net 2012–2023: +$5.9B (+36,663 people)
20122023
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Net AGI and net people by year (nominal dollars)
YearNet AGINet people
2012+$177.3M+1,509
2013+$259.1M+1,829
2014+$318.5M+3,031
2015+$505.1M+2,202
2016+$325.3M+3,572
2017+$303.9M+4,327
2018+$452.9M+3,027
2019+$542M+3,096
2020+$1B+3,885
2021+$823.7M+4,345
2022+$731.8M+3,872
2023+$378.8M+1,968
Migration in context

How big is this move, relative to the county?

In the 20222023 filing year, about 1,968 more people moved into Indian River County, FL than left (counting tax filers and their dependents) — a net gain of about $378.8M in income (nominal) — in a county of 170,319 people.

Population
170,319
Census 2023 estimate
Net migration rate
+11.6
net people per 1,000 residents
A town of 10,000 would net about +116 people.
Net income per resident
+$2,224
nominal dollars
+$378.8M total across 170,319 residents.

The rate lets you compare Indian River County, FL with a countyof any size: it’s the net flow divided by population. The IRS counts tax filers; population counts all residents, so read the rate as a scale indicator, not a literal share of people.

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Components of population change · 2023 (Census)

Where the county’s overall change came from. Census counts all residents; the IRS migration above is one slice of the domestic-migration component.

Births
+1,304
Deaths
-2,614
Net domestic migration
+3,124
Net international migration
+753
Total change
+2,669

Source: U.S. Census Bureau, Population Estimates Program. Figures are people, not tax filers.

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Income & cost of living

What a dollar is worth here

Prices around Indian River County, FL run about 3% below the national average. In plain terms: $100 spent here buys about what $103 buys in the average American community. The figures below apply that to income, each compared to the U.S. average of $70,002 per person.

Income per person
$110,624
what people here earn (BEA 2023, nominal)
58% above the U.S. average
Price level
97.3
100 = U.S. average prices (BEA price parity)
everyday costs about 2.7% lower than average
What that income buys
$113,751
local income restated at U.S.-average prices
62% above the U.S. average
Cheaper than U.S. avgU.S. average (100)Pricier

Cost of living shown for the Sebastian-Vero Beach-West Vero Corridor, FL metro area (BEA publishes price parities by metro, not by county).

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Where the cost comes from · price parity by category

Index where 100 = U.S. average for that category. Housing is usually what separates one place from another.

Housing & rents93.4
Goods96.3
Utilities92.0
Other services99.8

Housing is measured from rents (including an estimated rental value for owner-occupied homes), so a run-up in purchase prices shows here only as it reaches rents. Source: U.S. Bureau of Economic Analysis. Covers all residents, a separate universe from the IRS filer income above. How the data works.

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Who lives here

The people of Indian River County, FL

American Community Survey, 2019–2023 (a 5-year average of all residents, not just tax filers).

Median age
55.0
years
Median household income
$71,049
per household (ACS 2019–2023, nominal)
10% below the U.S. median
College degree
33%
adults 25+ with a bachelor's or higher
Poverty rate
11.4%
residents below the poverty line
Average commute
24 min
mean travel time to work
Broadband at home
88%
households with any broadband
Race and ethnicity (share of residents)
White 73%Hispanic 13%Black 8%Asian 1%Other 4%

White, Black, and Asian counts are people who are not Hispanic or Latino; Hispanic or Latino can be of any race. Shares are rounded and may not total 100.

Source: U.S. Census Bureau, American Community Survey 5-year estimates. Covers all residents, a separate universe from the IRS filer data. A 5-year estimate is an average over 2019–2023; compare years at least five apart, since consecutive windows overlap. How the data works.

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Housing · what it costs to live here (ACS 2019–2023)

Median home value
$314,700
owner-occupied homes
4% above the U.S. median
Median rent
$1,284
gross rent per month
5% below the U.S. median
Homeownership
79%
of occupied homes are owner-occupied
Home-price appreciation · FHFA index, 2023
Past year
+6.8%
price change, 2022 to 2023
Past 5 years
+70%
price change, 2018 to 2023

A repeat-sales index (how much the same homes changed in price), so it tracks the market over time rather than the current level. Source: Federal Housing Finance Agency, annual all-transactions HPI; the county series is FHFA’s developmental index.

New home construction · building permits, 2023
1,656new housing units authorized in 2023
Single-family 73%Multifamily 27%

Units authorized by residential building permits (new supply), summed from counties for the state and U.S. Permits are authorizations, not completions. Source: U.S. Census Bureau, Building Permits Survey.

Home value is what owners estimate their homes are worth, not recent sale prices. Source: U.S. Census Bureau, American Community Survey 5-year estimates (2019–2023), nominal dollars. How the data works.

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Local economy & risk

Jobs and natural hazards

Unemployment rate
3.6%
BLS 2023 annual average
Labor force
67,661
65,219 employed
Disaster declarations
major federal, 2023

Sources: U.S. Bureau of Labor Statistics (LAUS) and FEMA. A disaster declaration marks federal assistance eligibility, not damage severity, and says nothing about why anyone moved. How the data works.

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Unemployment now
5.4%
April 2026 · ▲ 1.5 points vs April 2025
January 2024April 2026

Source: U.S. Bureau of Labor Statistics (LAUS). Monthly unemployment for this county, not seasonally adjusted. Updated every month, so it moves faster than the annual average above. How the data works.

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How Indian River County, FL has voted. Certified returns, popular vote only. This is a separate dataset from the migration figures on this page.

YearDemocraticRepublicanOtherMarginTotal
202435,65462,737626R +27.499,017
202037,84458,872768R +21.697,484
201629,04348,6202,346R +24.580,009
201227,49243,450522R +22.371,464
200829,71040,176705R +14.870,591
200423,95636,938520R +21.161,414
200019,76828,6351,219R +17.949,622

Source: MIT Election Data and Science Lab county returns (CC0). Margins are the popular-vote gap as a share of all votes cast.

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