When we are exploring retirement locations, the cost of living there is one of the main aspects we take into consideration. Thankfully, Dayton is one of the most affordable cities in the country. This is even true for the costs that most seniors face. According to Forbes in September of 2016, the cost of living in Dayton is 10.6 percent less than the average for the country. Below, we will look at how the Gem City stacks up to the rest of the nation when it comes to big budget items.
Both the housing costs and rents are showing a steady upward trend, but there is no telling how long that will last as Dayton’s population continues to decrease and job growth stagnates. The median home price in Dayton as of July 2015 is $112,300. The average rent for a one-bedroom apartment is $603 per month as of July 2016. For a two-bedroom unit, rent will cost you $724.
Food prices in Dayton are well below the national average. In fact, residents spend an average of 7.6 percent less than the United States average for groceries. How does this translate to the supermarket? Dayton grocery shoppers spend an average of $2.90 for a gallon of milk, $2.36 for a dozen eggs, and $3.92 for a pound of skinless, boneless chicken breasts according to numbers obtained in September of 2016.
The overall cost of transportation in Dayton is just slightly higher than the national average. Residents spend one percent more than the rest of the country for transportation. However, if you are retired and do not have a daily commute, you will likely spend much less. The price for a gallon of gasoline in Dayton as of September of 2016 ranges from $1.59 to $2.47. Car insurance in Dayton is quite low at $882 per year. This compares to $1,099 nationally. You can find even better deals if you have a clean driving record, good habits, and live in a safe neighborhood.
The cost of senior care in Dayton is lower than the national averages for the most part. The only exception is the cost of a room in an assisted living facility, which is only about $300 more expensive per year in Dayton. Home health care is more than $2,000 less expensive in Dayton. Adult day health care averages $13,000 per year in Dayton versus $17,680 nationally. And, the rates for private rooms and semi-private rooms in Dayton nursing homes are $85,045 and $78,658 respectively. This compares to the national medians of $92,378 and $82,125.
When you comparison shop for housing based on prices, walkability, utility rates, and inexpensive transportation options, you will ensure that you will get the most out of your fixed income while living in Dayton.
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