Retiring in Florida Cost: How Much Money Do You Need to Enjoy Ormond Beach?

Florida has long been a magnet for retirees seeking warm weather, beaches and tax advantages. Ormond Beach, perched between the Halifax River and the Atlantic, offers small‑town charm with access to big‑city amenities. But how much money do you really need to retire here? Costs vary by lifestyle, health needs and housing preferences. This guide breaks down the key expenses—housing, utilities, insurance, healthcare, taxes and discretionary spending—so you can create a realistic retirement budget.

Housing: Choosing the Right Home for Your Budget

Housing is your largest monthly expense. In Ormond Beach, options range from manufactured homes in 55+ communities to single‑family residences and beachfront condos.

• Manufactured homes in communities like Plantation Oaks are often more affordable up front and offer amenities (clubhouse, pool, social events) with modest monthly lot rents.

• Condos and townhomes offer low maintenance but can have higher HOA fees.

• Single‑family homes provide privacy but involve upkeep and property taxes.

  
  

In 2025, retiring in Florida cost of living average is just over $100,000 per. Many retirees can find locations where costs are around $5,500 per month or. If you own your home outright, your monthly expenses may drop significantly. Renting? Factor in rising rents and annual increases. Consider mortgage costs, HOA/lot rent, property insurance and maintenance when comparing options.

Home Insurance, Utilities & Property Taxes

Florida has higher home insurance premiums than many states due to hurricanes. The average homeowners insurance premium is about $5,695 per. Utilities—electric, water, sewer, trash and internet—average around $521 per, but this depends on household size and energy efficiency. Property taxes vary by county; Volusia County’s median effective rate is about 0.82%. Florida has no state income or inheritance tax, which can offset higher insurance and taxes.

Healthcare: Retiring in Florida Cost Rising For Plans

Healthcare is another significant expense. Medicare covers many services, but you’ll likely need supplemental insurance to reduce out‑of‑pocket costs. Premiums for Medigap or Medicare Advantage plans vary. Co‑pays, prescriptions and dental/vision care add up. Consider long‑term care insurance or a health savings account (HSA) if you’re still working. Factor in gym memberships or wellness programs that help you stay active and healthy, reducing future medical costs.

Transportation: Drive or Ride

Ormond Beach is car‑friendly, but you may not need a vehicle full‑time. Budget for a car payment or lease, insurance, fuel and maintenance. If you live within a community that offers shuttle service or use ride‑share apps occasionally, your costs may be lower. For occasional travel to Daytona Beach or Orlando airports, budget for car rentals or airport shuttles.

Groceries & Dining

Food spending is personal; eating out frequently costs more than cooking at home. Florida’s grocery prices are near the national average. Local farmers markets and fresh seafood are affordable and healthy options. Dining out at beachfront cafés is part of the Ormond Beach lifestyle—plan a restaurant budget if you enjoy weekly meals with friends.

Entertainment & Leisure

Living in Ormond Beach means you’ll likely spend more on experiences than things. Beach passes, fishing licenses, golf memberships and gym or yoga classes all add to your monthly budget. Many free or low‑cost activities—community events, hiking the Ormond Scenic Loop & Trail or birdwatching at Tomoka State Park—offer fun without a hefty price. Budget for travel, hobbies and special events like festivals and holiday celebrations.

Emergency & Unexpected Costs

Set aside funds for home repairs, medical emergencies or helping family. A good rule is to keep three to six months’ living expenses in a separate savings account. Plan for rising insurance premiums or property tax increases, and consider inflation when projecting long‑term costs.

Income Sources & Budget Strategies

Retirees often draw income from Social Security, pensions, 401(k)s or IRAs, and investment portfolios. Estimate your monthly income and compare it to your projected expenses. To stretch savings:

• Downsize to a smaller, energy‑efficient home to reduce maintenance and utilities.

• Relocate to a 55+ community to access amenities without high monthly fees.

• Delay Social Security benefits until age 70 for higher monthly payments.

• Use budgeting apps to track spending and identify areas to cut.

• Consult a financial advisor for tax‑efficient withdrawal strategies.

Sample Retirement Budget for Ormond Beach (per month)

Expense Category	Estimated Cost	Notes
Housing (mortgage/lot rent + HOA)	$1,200 – $2,000	Manufactured home vs. condo; includes
Utilities (electric, water, internet)	$521	Average
Property Taxes	$250 – $350	Based on 0.82% median
Healthcare & Insurance	$300 – $600	Medicare, Medigap, prescriptions
Groceries & Dining	$500 – $800	Depends on dining out frequency
Transportation	$300 – $500	Car payment, insurance, fuel
Leisure & Hobbies	$200 – $500	Travel, golf, hobbies
Misc. & Emergency	$300 – $500	Repairs, unexpected costs
Total Monthly Estimate	$3,571 – $5,771	Aligns with average cost

Retiring in Florida, particularly in Ormond Beach, can be affordable and enriching if you plan carefully. With no state income tax, moderate property taxes and plenty of free outdoor activities, your money can go further. Create a realistic budget based on the categories above, then adjust for your lifestyle. Whether you choose a manufactured home at Plantation Oaks or a beachfront condo, understanding your costs helps ensure that your retirement is filled with sunshine, relaxation and financial peace.