Daytona Beach, FL

Below Avg · 82

Florida · Population 75,924 · Updated March 2026

$1,239
Median Rent / Month
$50,130
Median Income
$244,300
Median Home Value
$1,149
Owner Costs / Month

Affordability

How far your income goes in Daytona Beach

29.7%
Rent-to-Income Ratio
Moderate
Rent takes 25-35% of median income — moderate affordability.

Tax Burden in Florida

State-level tax rates that affect your costs

0%
Income Tax (Top Rate)
6.0%
Sales Tax
0.86%
Property Tax Rate

Estimated Annual Costs

$14,868
Annual Rent
$0
State Income Tax
$2,101
Property Tax (est.)

Cost of Living Overview

Daytona Beach is significantly cheaper than the national average, making it an attractive option for budget-conscious individuals and families. With a cost index of 82 (where 100 equals the national median), Daytona Beach residents can expect to pay median rent of $1,239/month while earning a median household income of $50,130/year.

The median home value in Daytona Beach, FL is $244,300, with typical monthly owner costs around $1,149 including mortgage, insurance, and taxes. With a rent-to-income ratio of 29.7%, Daytona Beach falls within the generally affordable range, though it's approaching the 30% burden threshold.

Florida has no state income tax, which can represent significant savings compared to high-tax states. Combined with a 6.0% sales tax rate and 0.86% effective property tax rate, the overall tax environment helps keep costs manageable in Daytona Beach.

Frequently Asked Questions

Common questions about living costs in Daytona Beach

What is the cost of living in Daytona Beach, FL?
The cost of living index in Daytona Beach, FL is 82 (US average = 100). Median monthly rent is $1,239, median household income is $50,130/year, and the median home value is $244,300.
Is Daytona Beach, FL affordable?
Yes, Daytona Beach is more affordable than the national average with a cost index of 82. The rent-to-income ratio is 29.7%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Daytona Beach, FL?
The median gross rent in Daytona Beach, FL is $1,239 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $14,868.
What is the median household income in Daytona Beach?
The median household income in Daytona Beach, FL is $50,130 per year. This compares to the national median of approximately $80,000.
What are the taxes like in Florida?
Florida has a top income tax rate of 0%, a sales tax of 6.0%, and an effective property tax rate of 0.86%. Notably, there is no state income tax.