Salary Needed to Live in Daytona Beach as a Retiree
A retired individual (65+) needs approximately $19,817/year to live comfortably in Daytona Beach, FL — including 5% savings.
Comfortable Salary
$19,817
with 5% savings
Bare Minimum
$18,496
no savings buffer
Monthly Expenses
$1,156
5% below national avg
Detailed Monthly Budget for a Retiree in Daytona Beach
| Expense | Daytona Beach | Nat'l Avg | Diff |
|---|---|---|---|
| 🏠 1-2BR Senior-Friendly Rent | $141 | $121 | +17% |
| 🛒 Groceries | $16 | $16 | 0% |
| ⚡ Utilities | $15 | $15 | 0% |
| 🚗 Transportation | $16 | $18 | -11% |
| 🛡️ Car Insurance | $189 | $223 | -15% |
| 🏥 Health Insurance | $55 | $56 | -2% |
| Medicare Supplement | $188 | $200 | -6% |
| Prescription Drugs | $141 | $150 | -6% |
| Internet + Phone | $113 | $120 | -6% |
| Recreation & Social | $188 | $200 | -6% |
| Home Maintenance | $94 | $100 | -6% |
| Total Monthly | $1,156 | $1,219 | -5% |
How We Calculated the Salary
Monthly expenses:$1,156
Target savings (5%):$65/mo
Monthly after-tax needed:$1,221
Effective tax rate:25%
Gross annual salary needed:$19,817
Other Household Types in Daytona Beach
Related Pages
FAQ
What salary does a retiree need in Daytona Beach?
A retiree needs approximately $19,817/year ($1,651/month gross) to live comfortably in Daytona Beach with a 5% savings rate.
How much is rent for a retiree in Daytona Beach?
A 1-2br senior-friendly in Daytona Beach costs approximately $141/month, which is the largest single expense at 12% of the total budget.
Is Daytona Beach affordable for a retiree?
Daytona Beach is roughly average for retiree costs, requiring a salary close to the national median.