DAYTONA BEACH About 45% of local households spend more than 30% of their income on housing.
Close to 22% of those households are especially overburdened with housing costs, spending more than 51% of their salaries to stay in the places they call home. Daytona Beach renters are impacted most heavily, with 61% of them pouring more than a third of their earnings into keeping a roof over their heads.
With the area s median income at $64,900 for a family of four, that 30%-plus for housing cuts deeply into low-wage salaries that also have to cover everything from food to insurance to transportation. Local wages have simply not kept pace with rising rents and single-family home prices.