Cost of Living in Venice Gardens, FL

With a cost of living index of 106, Venice Gardens, FL is somewhat more expensive than average. Living here is 6% more expensive than the national average and 4% below the Florida state average of 110. Venice Gardens is a small community of 3,246 residents.

Housing costs are the biggest factor in Venice Gardens's cost of living. The median monthly rent is $1,432 (9% above the US median of $1,319), and the median home value sits at $315,700 (4% above the national median of $304,900). At current prices, the median home costs roughly 4.4x the median household income — a moderately affordable ratio by today's standards.

The median household income in Venice Gardens is $71,000, which is 6% lower than the national median of $75,149. Residents spend roughly 24% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum.

Climate is another factor for anyone considering a move to Venice Gardens. The area sees an average annual temperature of 74.1°F, with summers averaging 83°F and winters around 64°F. Annual rainfall totals 49.1 inches spread over roughly 113 days.

Everyday prices in the North Port-Bradenton-Sarasota, FL (Metropolitan Statistical Area) metro area are generally below the national average. Out of 6 common items tracked by the Bureau of Labor Statistics, 6 are priced lower than the US average. These real-world prices — from groceries to electricity — add up and should be factored into any cost of living comparison.

Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.