Daytona Beach, FL vs Palm River-Clair Mel, FL

Daytona Beach is moderately more affordable than Palm River-Clair Mel, with a 7.3% lower cost of living index. Daytona Beach scores 92 compared to 100 for Palm River-Clair Mel, where the US average is 100. This difference means residents of Palm River-Clair Mel can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Daytona Beach is $1,239/month compared to $1,439/month in Palm River-Clair Mel — a 14% difference. Interestingly, home values tell a different story: while Daytona Beach has cheaper rent, Palm River-Clair Mel actually has lower median home values ($244,100 vs $244,300).

Median household income in Daytona Beach is $50,130 compared to $62,976 in Palm River-Clair Mel (-20.4%). While Palm River-Clair Mel is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Daytona Beach spend roughly 29.7% of their income on rent, more than the 27.4% in Palm River-Clair Mel.