Housing costs in Ormond-by-the-Sea?
A typical home costs
$385,700, which is 14.1% more expensive than the national average of
$338,100 and 6.4% more expensive than the average Florida home, at
$362,400. Renting a two-bedroom unit in Ormond-by-the-Sea costs
$1,450 per month, which is 7.1% cheaper than the national average of
$1,560 and 9.0% more than the state average of
$1,320.
Can I afford Ormond-by-the-Sea?
To live comfortably in Ormond-by-the-Sea (zip 32176), Florida, a minimum annual income of
$73,800 for a family, and
$47,200 for a single person is recommended.
What does A.I. say about Ormond-by-the-Sea?
The cost of living in 32176 Ormond-by-the-Sea, FL is quite reasonable. According to the Cost of Living Index, the overall rating for this area is 92.6 which is slightly lower than the national average. This means that items such as groceries, healthcare, and housing are reasonably priced. The median home cost in this area is $287,400 while the median household income is $62,238. This indicates that housing can be an affordable option for many families and individuals living in this area. Additionally, utilities like electricity and water are also less expensive here than in other parts of Florida. All these factors combine to make 32176 Ormond-by-the Sea a great place to live with a low cost of living.