Quick facts: Delray beach, FL

Quick Facts

107.5
Cost of Living
above US average
67,030
Population
41.97
Crime Rate per 1000
above US average
$76,558
Median Income
below US average
$209,900
Median House Price
above US average
$2503.09
Average Rent
above US average
8%
Poverty Rate
below US average
3.3%
Unemployment Rate
below US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $76,558.

🏠

Income Needed to Buy

βœ“ Affordable
$66k/year
Based on $209,900 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($76,558) exceeds requirement
🏒

Income Needed to Rent

⚠ Stretch
$107k/year
Based on $2503.09/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $107k vs median $76,558
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Delray beach, FL

Delray Beach, located in Palm Beach County, Florida, is a vibrant coastal city known for its beautiful beaches, lively arts scene, and charming downtown area. The city's picturesque Atlantic Avenue is lined with a variety of shops, restaurants, and galleries, making it a popular destination for both locals and visitors. Delray Beach is renowned for its stunning sandy shores, perfect for sunbathing, swimming, and water sports. The city hosts numerous cultural events, including the Delray Beach Garlic Festival and the Delray Affair, showcasing local artisans and chefs. Additionally, the Morikami Museum and Japanese Gardens offers a unique glimpse into Japanese culture and beautifully landscaped gardens. Nature enthusiasts can explore the nearby wetlands and parks, such as the Wakodahatchee Wetlands, which provide opportunities for birdwatching and hiking. With its warm climate, welcoming community, and a plethora of recreational activities, Delray Beach has become a sought-after destination for those seeking both relaxation and adventure along Florida's beautiful coastline.

πŸ” Search & Compare Places

First Location πŸ“