Overview
Indian River Shores is a very small coastal town (i.e. on the ocean, a bay, or inlet) located in the state of Florida. With a population of 4,458 people and just one neighborhood, Indian River Shores is the 300th largest community in Florida.
Indian River Shores home prices are not only among the most expensive in Florida, but Indian River Shores real estate also consistently ranks among the most expensive in America.
Occupations and Workforce
Indian River Shores is a decidedly white-collar town, with fully 94.69% of the workforce employed in white-collar jobs, well above the national average. Overall, Indian River Shores is a town of professionals, managers, and sales and office workers. There are especially a lot of people living in Indian River Shores who work in management occupations (25.17%), office and administrative support (11.97%), and sales jobs (10.61%).
Also of interest is that Indian River Shores has more people living here who work in computers and math than 95% of the places in the US.
A relatively large number of people in Indian River Shores telecommute to their jobs. Overall, about 26.12% of the workforce works from home. While this may seem like a small number, as a fraction of the total workforce it ranks among the highest in the country. These workers are often telecommuters who work in knowledge-based, white-collar professions. For example, Silicon Valley has large numbers of people who telecommute. Other at-home workers may be self-employed people who operate small businesses out of their homes.
Setting & Lifestyle
Another notable thing is that Indian River Shores is a major vacation destination. Much of the town鈥檚 population is seasonal: many people own second homes and only live there part-time, during the vacation season. The effect on the local economy is that many of the businesses are dependent on tourist dollars, and may operate only during the high season. As the vacation season ends, Indian River Shores鈥檚 population drops significantly, such that year-round residents will notice that the city is a much quieter place to live.
Indian River Shores is also nautical, which means that parts of it are somewhat historic and touch the ocean or tidal bodies of water, such as inlets and bays. Quite often, nautical areas such as these attract visitors and locals who come to enjoy the scenery and various waterfront activities.
Residents of the town have the good fortune of having one of the shortest daily commutes compared to the rest of the country. On average, they spend only 17.64 minutes getting to work every day.
Demographics
Do you have a 4-year college degree or graduate degree? If so, you may feel right at home in Indian River Shores. 78.56% of adults here have a 4-year degree or graduate degree, whereas the national average for all cities and towns is just 21.84%.
The per capita income in Indian River Shores in 2022 was $147,524, which is wealthy relative to Florida and the nation. This equates to an annual income of $590,096 for a family of four. However, Indian River Shores contains both very wealthy and poor people as well.
The people who call Indian River Shores home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Indian River Shores residents report their race to be White, followed by Asian. Important ancestries of people in Indian River Shores include English, Irish, German, Scottish, and Italian.
The most common language spoken in Indian River Shores is English. Other important languages spoken here include Spanish and Tagalog.
Notable & Unique Neighborhood Characteristics
When you see a neighborhood for the first time, the most important thing is often the way it looks, like its homes and its setting. Some places look the same, but they only reveal their true character after living in them for a while because they contain a unique mix of occupational or cultural groups. This neighborhood is very unique in some important ways, according to 蘑菇视频's exclusive exploration and analysis.
Real Estate
is a neighborhood that is on the ocean, a bay, or inlet. Many times, such places have amenities that bring locals and visitors to the waterfront for recreational activities or to check out the scenery. In some densely populated areas that are less financially well-off, the neighborhood waterfront can be relatively industrial and less open to recreation. In addition to being coastal, is a very nautical neighborhood, meaning that it is somewhat historic, walkable, densely populated and on the water. This gives the neighborhood a very nautical feel, with some seaside and shipping feel, which some may really enjoy the sights and sounds of.
In addition, owner-occupied real estate dominates the neighborhood. In fact, according to 蘑菇视频 research, the percentage of residential real estate occupied by its owner is higher here than in 99.3% of neighborhoods in America. Vacant homes and apartments are a significant characteristic of this neighborhood. In fact, with 39.1% of the residential real estate vacant, the neighborhood claims the distinction of having a higher vacancy rate than 97.5% of the neighborhoods in America. This can either be because much of the property is seasonally occupied, like in many vacation areas, or that much of the real estate is more permanently abandoned.
Furthermore, most neighborhoods are composed of a mixture of ages of homes, but the stands out as rather unique in having nearly all of its residential real estate built in one time period, namely between 1970 and 1999, generally considered to be established, but not old housing. What you'll sense when you look around or drive the streets of this neighborhood is that many of the residences look the same because of this similarity of age. In fact, 83.4% of the residential real estate here was built in this one time period.
People
If you come to know the people here, you will recognize that you're in the company of one of the wealthiest communities in the nation. In fact, a mere 0.6% of America's neighborhoods are wealthier than the neighborhood. Real estate here is exceedingly well-maintained, and similarly, tends to maintain its value over time. The cars driven are mostly luxury brands like Mercedes, Audi, BMW, and Lexus. If the public schools aren't up to snuff, the residents of this neighborhood preferentially send their children to private preparatory schools. Vacation to Disney? Yes, but equally popular are summers in Europe. As one would expect in a considerably wealthy neighborhood such as this, also has one of the lowest ratings of child poverty in the nation.
In addition, the rate of college educated adults in the neighborhood is a unique characteristic of the neighborhood. 89.4% of adults here have received at least a 4-year bachelor's degree, compared to the average neighborhood in America, which has 35.0% of the adults with a bachelor's degree. The rate here is higher than 蘑菇视频 found in 99.6% of all U.S. neighborhoods.
Also, astoundingly, 蘑菇视频's research reveals that this single neighborhood has a higher concentration of married couples living here than 99.6% of all U.S. neighborhoods. Whether they have school-aged children or not, married couples are the rule in the neighborhood. If you are a married couple, you may find many people here with a similar lifestyle, and perhaps common interests. But if you are single, you might not find many other singles here.
Finally, if you are planning to retire in Florida, this neighborhood should be on your must-see list. For many reasons, may be considered a retiree's dream neighborhood. According to 蘑菇视频's exclusive analysis and metrics, it's peaceful and quiet, has above average safety from crime compared to other neighborhoods in Florida, while also offering a diverse range of housing options. This, along with the vibrant mix of very educated seniors and other age groups who choose to live here, makes the neighborhood more retiree-friendly than 97.2% of neighborhoods in FL. If a Florida retirement is in your future, this neighborhood should be one of the places you visit. In addition to being an excellent choice for active retirees, this neighborhood is also a very good choice for highly educated executives and urban sophisticates.
Occupations
There are more people living in the neighborhood employed as sales and service workers (57.7%) than almost any neighborhood in the country. From fast-food service workers to major sales accounts, sales and service workers make up the largest proportion of our national employment picture. But despite that size and importance nationally, this neighborhood still stands out as unique due to the dominance of people living here who work in such occupations.
Modes of Transportation
In the neighborhood, many people's commute means walking from the bedroom to the home office. 蘑菇视频's analysis found that 35.6% of residents worked from home. This may not seem like a large number, but Scout's research shows that this is a higher percentage of people working from home than 97.8% of the neighborhoods in America. Often people who work from home are engaged in the creative or technological economy, such as is found in areas around Boston, and in Silicon Valley. Other times, people may be engaged in other businesses like trading stocks from home, or running a small beauty salon.
Also, if your dream is to be able to ride your bike to work each day, look no further than this unique neighborhood. With 3.7% of residents in the neighborhood commuting on a bicycle to and from work daily, this neighborhood has more bicycle commuters than 97.0% of all neighborhoods in the U.S., according to 蘑菇视频's exclusive analysis.
Finally, if you like to ride the train to work, this neighborhood may be for you. 蘑菇视频's research revealed that 9.8% of the neighborhood's commuters ride the train to and from work each day, which is more than we found in 95.4% of America's neighborhoods.
Diversity
Did you know that the neighborhood has more Scottish and Canadian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 14.7% of this neighborhood's residents have Scottish ancestry and 2.8% have Canadian ancestry.
The Neighbors
There are two complementary measures for understanding the income of a neighborhood's residents: the average and the extremes. While a neighborhood may be relatively wealthy overall, it is equally important to understand the rate of people - particularly children - who are living at or below the federal poverty line, which is extremely low income. Some neighborhoods with a lower average income may actually have a lower childhood poverty rate than another with a higher average income, and this helps us understand the conditions and character of a neighborhood.
The neighbors in the neighborhood in Indian River Shores are wealthy, making it among the 15% highest income neighborhoods in America. 蘑菇视频's exclusive analysis reveals that this neighborhood has a higher income than 99.4% of the neighborhoods in America. In addition, 0.0% of the children seventeen and under living in this neighborhood are living below the federal poverty line, which is a lower rate of childhood poverty than is found in 100.0% of America's neighborhoods.
The old saying "you are what you eat" is true. But it is also true that you are what you do for a living. The types of occupations your neighbors have shape their character, and together as a group, their collective occupations shape the culture of a place.
In the neighborhood, 54.0% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is sales and service jobs, from major sales accounts, to working in fast food restaurants, with 42.3% of the residents employed. Other residents here are employed in government jobs, whether they are in local, state, or federal positions (6.7%), and 3.7% in manufacturing and laborer occupations.
Languages
The most common language spoken in the neighborhood is English, spoken by 98.4% of households.
Ethnicity / Ancestry
Culture is the shared learned behavior of peoples. Undeniably, different ethnicities and ancestries have different cultural traditions, and as a result, neighborhoods with concentrations of residents of one or another ethnicities or ancestries will express those cultures. It is what makes the North End in Boston so fun to visit for the Italian restaurants, bakeries, culture, and charm, and similarly, why people enjoy visiting Chinatown in San Francisco.
In the neighborhood in Indian River Shores, FL, residents most commonly identify their ethnicity or ancestry as English (27.2%). There are also a number of people of Irish ancestry (21.8%), and residents who report Scottish roots (14.7%), and some of the residents are also of German ancestry (13.9%), along with some Italian ancestry residents (8.3%), among others.
Getting to Work
Even if your neighborhood is walkable, you may still have to drive to your place of work. Some neighborhoods are located where many can get to work in just a few minutes, while others are located such that most residents have a long and arduous commute. The greatest number of commuters in neighborhood spend between 15 and 30 minutes commuting one-way to work (55.2% of working residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (47.2%) drive alone in a private automobile to get to work. In addition, quite a number also take the train to get to work (9.8%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.
