Daytona Beach is a moderately-sized city located in the state of Florida. The city has a population of 64,105 residents. Daytona Beach is known to be an ethnically diverse city. The two most common races are White (58%) and Black or African American (34%). Not a fan of sitting in traffic? One big advantage of living in Daytona Beach is the reasonable commute times to work. With an average one way commute time of 20 minutes, getting to work is faster than the national average of 26 minutes.
If you’re considering relocating to any new city, it could be a very daunting task. However, it could also be a great experience if you are willing to get to know the area before actually living in Daytona Beach, Florida. The best areas in Daytona Beach and in surrounding cities are easier to find when you are able to make informed decisions. Using data from amenities, crime, education, employment, housing, you will see a detailed breakdown of the most important information as well as comparisons to the Florida and national averages.
Using data and statistics Daytona Beach has received a livability score of 69 out of 100. This score is ranked in the 58th percentile when compared to all other cities. There are seven total categories that form the livability score. Daytona Beach scores well for amenities (A+), cost of living (B+) and weather (A). On a less positive note, Daytona Beach does not have favorable ranks for the following: crime (F), education (D), employment (F) and housing (D). If we take a look at the data, we can find out why.
Based on the proximity of local amenities like grocery stores, restaurants, coffee shops, parks, librairies, etc., Daytona Beach has received a higher than average score for its local amenities. If you’re planning on relocating and making this area your permanent home, it’s nice to know that there is an ample amount of amenities and things to do within walking distance or a short drive. Some of the interesting things to do and attractions include: Beach at Daytona Beach, Daytona International Speedway, and Ponce Inlet.
Assuming that Daytona Beach meets all of your requirements, the next most important item to examine is the affordability of real estate in Daytona Beach. Everything else becomes a lot less important if it turns out that home prices in Daytona Beach are simply unattainable. Median real estate prices in Daytona Beach come in at $117,200, which is 29.7% lower than the Florida average. The home price to income ratio compares the median home prices to the median household income. In Daytona Beach, the home price to income ratio is 4, which is 17.6% higher than the Florida average. Knowing if your home will appreciate on a long term or even a short term basis should be factored into your decision making. An increase in your home’s value can be a good way to generate tax-free equity that can create long term financial security. In the past year, appreciation rates for homes in the Daytona Beach area were 11.8% and 5 year appreciation rates were 12%.