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02/10/2015
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02/10/2015
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3/16/2018 4:19:21 PM
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Meetings
Meeting Type
BCC Regular Meeting
Document Type
Agenda Packet
Meeting Date
02/10/2015
Meeting Body
Board of County Commissioners
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Cost of Living <br />Table 12 shows the index values for categories of expenses comparing the Vero Beach - Indian River <br />area to the national average. The index values allow for comparison of costs of goods and services <br />within categories. The index value of groceries, utilities and health in the Vero Beach - Indian River <br />area were above the national average. Housing costs are considerably less than the national average. <br />Table 12: Cost of Living Index Values, Indian River area and National, 2014 <br />Composite (100%) <br />100.3 <br />100 <br />Grocery (13.56%) <br />107.1 <br />100 <br />Housing (27.02%) <br />88.3 <br />100 <br />Utilities (10.30%) <br />119.0 <br />100 <br />Transportation (12.35%) <br />97.8 <br />100 <br />Health (4.60%) <br />96.9 <br />100 <br />Miscellaneous (32.17%) <br />102.9 <br />100 <br />Source: http://www.coli.org; Cost of Living Index Calculator; subscribed to by Indian River Chamber of Commerce, <br />Compiled by: Health Council of Southeast Florida, 2015 <br />Table 13 shows the average prices of consumer goods and services, from the ACCRA cost of living <br />survey, in the Vero Beach, Indian River area compared to the national average. The Council for <br />Community and Economic Research (C2ER) produces the ACCRA Cost of Living Index report to <br />provide a useful and reasonably accurate measure of living cost differences among areas. The Indian <br />River County Chamber of Commerce has participated in ACCRA since 1996. <br />Table 13: Average Prices on Household Goods and Services, Indian River area and National, 2014 <br />Food and Grocery Costs <br />FL Vero Beach -Indian River <br />National Average <br />T -Bone Steak <br />$10.51 <br />$10.36 <br />Ground Beef <br />$3.60 <br />$3.70 <br />Sausage <br />$4.57 <br />$4.15 <br />Frying Chicken <br />$1.38 <br />$1.35 <br />Chunk Light Tuna <br />$1.09 <br />$1.07 <br />Whole Milk <br />$2.81 <br />$2.38 <br />Eggs <br />$2.11 <br />$1.94 <br />Margarine <br />$1.01 <br />$1.08 <br />Parmesan Cheese <br />$3.85 <br />$3.99 <br />Potatoes <br />$3.88 <br />$3.15 <br />Bananas <br />$0.69 <br />$0.59 <br />Lettuce <br />$1.80 <br />$1.41 <br />White bread <br />$1.78 <br />$1.52 <br />Fresh Orange Juice <br />$3.55 <br />$3.47 <br />Coffee <br />$3.56 <br />$4.26 <br />191 Page - Indian River County Children's Assessment 2014 <br />ta8-2 <br />
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