North Merritt Island, FL vs Venice, FL

North Merritt Island, FL and Venice, FL have a very similar cost of living, with only a 0.3% difference in their overall index. North Merritt Island scores 116 while Venice scores 116 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.

On the housing front, median rent in North Merritt Island is $1,328/month compared to $1,591/month in Venice — a 17% difference. Interestingly, home values tell a different story: while North Merritt Island has cheaper rent, Venice actually has lower median home values ($381,400 vs $495,400).

Median household income in North Merritt Island is $113,897 compared to $74,340 in Venice (+53.2%). While North Merritt Island is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of North Merritt Island spend roughly 14% of their income on rent, less than the 25.7% in Venice.

Climate-wise, both cities share similar average temperatures (71.6°F vs 74.1°F). Venice receives more rainfall at 49.1" per year compared to 48.6" in North Merritt Island.