How Much Does it Cost to Live in Daytona Beach?

Daytona Beach

Daytona Beach, often known as Daytona, is a city in Volusia County, Florida. The beach in this city is famous for its hard-packed sand, which permits motorized vehicles to travel on the beach in designated locations. 

Daytona Beach features nearly 23 miles (37 kilometers) of white sand beaches available to walkers. During daylight hours, cars are permitted on parts of the beaches. 

The cost of living in Daytona Beach is relatively affordable compared to other cities in Florida, making it a desired place to live. However, it is important to consider all the living costs in this city before relocating. From housing to utilities and everything in between, use this guide to understand better the cost of living in Daytona Beach.

Cost of Living Index in Daytona Beach

Cost of Living Index in Daytona Beach

Source: Daytonabeach.com

Daytona Beach’s housing prices are 14.3% less than the national average, while utility expenditures are 3% less. Transportation costs are 12 percent lower than the national average, including bus fares and gas prices.

In the United States, these cost-of-living indexes are based on a 100-point scale. Daytona Beach is cheaper than the national average if the value is less than 100. If the cost of living index in Daytona Beach, Florida, is higher than 100, it is more expensive.

National average = 100

Cost Of living

Daytona Beach

Florida

USA

Overall

85.7

102.8

100

Grocery

97.9

102.8

100

Health

97.8

98

100

Housing 

64.1

102.6

100

Median Home Cost

$194,500

$294,900

$291,700

Utility

97

101.3

100

Transportation

88

112.6

100

Miscellaneous

98.6

96.9

100

Source: bestplaces.net

Housing Costs in Daytona Beach

The cost of living in Daytona Beach is significantly less than the national average. Daytona Beach has a median home value of $194,500, lower than the national average of $291,700. Apartment rent in Daytona Beach is, on average, $1,408. Location, size, and quality are just a few factors that go into determining rent.

In Daytona Beach, FL, the average apartment size is 895 square feet. Still, this number varies dramatically depending on the unit type, with economic and opulent alternatives available for both homes and flats. 

Studio apartments are the smallest and cheapest, 1-bedroom apartments are more in line with the norm, and 2-bedroom and 3-bedroom apartments have square footage. As a result of this, people will be able to find inexpensive accommodation. Whether you’re looking for a house, an apartment, or a condo, you’ll find something to fit your budget.

Transportation Costs in Daytona Beach

The cost of transportation in Daytona Beach is 12% less than the national average. A gallon of gas costs $4.137 on average in the city, around 9% less than the national average.

The best way to get around Daytona Beach is by driving, so bring your most beautiful wheels. Enjoy the fact that, unless it’s a race day, traffic shouldn’t be an issue.

The public transportation system of Volusia County, Votran, provides service to Daytona Beach Beach with over 20 bus lines that stop at various points throughout the city. Adults pay $1.75 for a single ride, while children under six ride for free. A week pass costs $13, and an all-day pass costs $3.75.

Health Care Costs in Daytona Beach

The most excellent thing about living in Daytona Beach is that you can receive excellent health care at a lower cost. This city has a 2.2% lower healthcare cost than the national average.

You can not only get health care at a lower cost, but you can also get high-quality care from this top list of hospitals, each of which has its own set of benefits.

Groceries in Daytona Beach

When it comes to food, the cost of living in Daytona Beach is lower than the national average. The cost of groceries is 2.1% less than the national average. This means you’ll be able to get more bang for your money while staying on budget.

There are a variety of grocery stores in this area, so you’ll be able to choose one that meets your needs. The grocery stores in this area offer a diverse selection of goods, allowing you to purchase everything you require in one location.

They also offer a wide range of prices, allowing you to choose whatever fits your budget. Daytona Beach is a terrific destination if you’re looking to save money on groceries.



Groceries 

Costs

Bread(1 loaf)

$3.07

Local cheese(500g)

$5.60

Milk(1 liter)

$0.89

Eggs(1 dozen)

$2.56

Boneless Chicken Breast(1kg)

$8.75

Apples(1kg)

$3.96

Bananas(1kg)

$1.97

Oranges(1 kg)

$3.58

Tomatoes(1 kg)

$4.07

Potatoes(1 kg)

$2.58

Onions(1 kg)

$3.12

Source: mylifeelsewhere.com

Taxes in Daytona Beach

Daytona Beach’s sales tax rate is 6.5%, including a 6% Florida state sales tax and a 0.5 percent Volusia County sales tax.

Utility Costs in Daytona Beach

Daytona Beach is 3% less expensive than the national average in terms of utility prices. This means that if you live in this area, you will be able to reduce your monthly expenses.

You should be able to locate a utility company in this area that is dependable and offers a wide choice of services, so you should be able to choose one that meets your needs.

Living in Daytona Beach is cheap, and utilities are less expensive than in most other countries sections. It’s easy to live here while having enough money to accomplish different things. Utility costs are incurred whether you buy or rent a property. These charges cover essential services such as electricity and phone. In Daytona Beach, the average monthly energy cost is $157.56.

Daytona Beach Neighborhood

Around 65,000 people live permanently in Daytona Beach, and the number is steadily increasing. The vibrant city’s stunning beaches, excellent schools, ample amenities, and friendly neighborhoods lure buyers.

Pelican Bay

Source: Wikipedia

Pelican Bay is a beautiful gated golf community in the southern area of Daytona Beach. Pelican Bay is a highly desirable community with top-notch facilities, top-tier golf, and well-crafted real estate options.

Pelican Bay includes about 1,800 residential units, all different in style and size. The community has something for everyone, from compact condominiums to detached single-family homes.

Indigo Lakes

Source: Village At Indigo Resort

Indigo Lakes is a well-established community between International Speedway Blvd and LPGA Blvd. A fantastic community golf course and several lovely houses can be found in this close-knit neighborhood.

Indigo Lakes primarily comprises mature single-family detached homes of various styles and sizes. The majority of the houses in the area have three bedrooms and three bathrooms and are situated on a well-sized lot. The homes in this area are well-kept, with mature trees, neatly kept yards, and lovely gardens.

Ortona

Source: vrbo

Ortona is a coastal community with spectacular views, convenient beach access, and a few remarkable beachfront homes. Ortona is a must-see for every Daytona Beach house buyer, nestled between Atlantic Avenue and the Halifax River.

Ortona is a long-standing Daytona Beach neighborhood with many older homes. There are also many low- and mid-rise condominium structures scattered across the community that make excellent vacation homes.

Mosaic is an up-and-coming Daytona Beach neighborhood between Halifax River and the Atlantic Ocean. The area is seeing a lot of development lately, with new construction works going on.

Mosaic is a young community that’s still growing. There are plenty of residential options available, from single-family homes to condominiums. The prices are also quite reasonable, making it a great place to buy a property in Daytona Beach.

Some of the main attractions in Mosaic include the Boardwalk, Ocean Walk Shoppes, and Daytona Lagoon water park. The community is also situated close to many excellent schools, ideal for families.

Cost to Live in Daytona Beach

Final Thoughts

The low cost of living allows you to live the beach life without breaking the bank. Furthermore, Daytona Beach is the place to go if you like racing. So, if you’re moving from a major city and need to find a new home, bear that in mind while you look for one.

Daytona Beach should be at the top of your list when seeking a location to call home or just a place to visit for a vacation. Reach out to us today; I would be glad to assist you in finding the best places to live based on your budget.

Source: Britannica