Venice, FL Economy


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Venice, FL is a great place to live and work. It has a small-town feel with all the amenities of a larger city. The median two bedroom rent in Venice, FL is just $1,610, making it much more affordable than the national median of $1,430. Additionally, the Grocery Cost Index in Venice is 107 versus 100 in the US, meaning groceries tend to be slightly more expensive here than elsewhere. The area boasts plenty of local businesses including banks such as Bank of America and Wells Fargo, restaurants like Lazy Lobster and Casa Di Pizza, and retail stores like Lowe's Home Improvement and Target Supercenter. With its lower cost of living and plethora of companies to choose from, Venice is an ideal choice for those looking for a place to call home.

Venice has an unemployment rate of 4.5%. The US average is 6.0%.

Venice has seen the job market increase by 2.6% over the last year. Future job growth over the next ten years is predicted to be 42.2%, which is higher than the US average of 33.5%.

Tax Rates for Venice
- The Sales Tax Rate for Venice is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Venice is 0.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for Venice
- The average income of a Venice resident is $37,644 a year. The US average is $28,555 a year.
- The Median household income of a Venice resident is $65,478 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyVenice, FloridaUnited States
  4.56
  -6.0%-6.2%
  42.2%33.5%
  7.0%6.2%
  0.0%4.6%
  $66,961$37,638
  $65,478$69,021
  $90,111$85,028
  Population by Occupation
  0.3%1.2%
  0.0%0.5%
  6.2%6.8%
  5.7%10.0%
  1.2%2.5%
  14.2%11.0%
  2.5%4.8%
  1.0%0.8%
  1.0%1.9%
  3.6%4.7%
  3.4%1.9%
  12.6%7.6%
  0.2%0.1%
  3.4%4.2%
  5.0%9.3%
  17.2%14.0%
  3.8%2.1%
  7.2%7.0%
  9.3%4.8%
  2.0%4.7%
Reviews for Venice
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I've have lived in Venice for 16 years. It has a large retirement population. It is a great place to live because of low traffic, low crime rate, relaxed atmosphere,  More

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Over 4 years ago

You gotta remember the reasons you move here. If not forced to, like having to take a job, you'll love it. But do your homework, the avg. age is 60+, so keep that in  More

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I love Venice! I made several visits before calling Venice home and I do not regret it one bit. The locals here are very kind. There is plenty to do (I am not of  More

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