Daytona Beach Named “Top Budget City” For Retirement

daytona beachThose people who say “they’ll never have enough to retire” may just be looking in all the wrong places.

Some cities are very manageable on even a small budget, says AARP Magazine, listing 10 budget cities where you can retire in comfort on retirement income as low as $30,000 per year.

What’s great about these budget locales, says AARP, is that “housing costs are affordable, taxes are favorable to retirees and there are a variety of inexpensive dining and entertainment options.”

One of the top 10 winners is right here in Florida – the Daytona/Deltona/Ormond Beach area – which AARP calls one of Florida’s “best kept secrets.”

As many already know, Florida has no state tax on Social Security, pensions or other income.

And with a population of half a million, the Daytona area is big enough to offer a wide range of activities and entertainment options.

Real estate in Daytona makes it an “affordable gem,” particularly in the wake of the recession, when home prices fell 47 percent on average, says AARP.

“The median home price is $108,900, the median mortgage payment is $416 and the median property tax is $1,161.  Love watching baseball? Join the Silver Sluggers Club, where for $15 you can get in free to all Tuesday games where the Class A Daytona Cubs play,” say retirement experts at Marketwatch.

And for great eating, “try Tia Cori’s Tacos on North Beach in Daytona: Tacos start at $1.50; margaritas are $4,” says AARP.

Residents rate the Art League of Daytona Beach as a favorite freebie activity. It offers classes, workshops, juried shows, and exhibition space for artists.

“It’s easy. It’s relaxed. And it’s great for walking,” says one very satisfied resident of living in Daytona.

The icing on the cake? Because the area offers easy access to the Atlantic, the Gulf and freshwater, it’s also a paradise for fishing.

About Mari Adam

Mari Adam, Certified Financial Planner™ and President of Adam Financial Associates Inc, has been helping individuals and families chart their financial futures for over twenty-five years. Have a question about your financial situation? Ask Mari!

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