Fort Walton Beach cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
IndexFort Walton BeachFloridaNational
Cost of living index97100100
IndexFort Walton BeachFloridaNational
Goods & Services index96101100
Groceries index103105100
Health care index8897100
Housing index9495100
Transportation index96105100
Utilities index107102100
A general overview of the cost of living index for Fort Walton Beach, FL is displayed above. In Fort Walton Beach, FL, the overall cost of living index is 97, which is 3% lower than the Florida average and 3% lower than the U.S. average. The following categories are used to calculate the overall cost of living index: goods/services (33%), housing (30%), groceries (13%), utilities (10%), transportation (9%) and health care (5%). From the list, it is clear that the categories of goods/services and housing are responsible for the largest portions of the overall cost of living index. As a general rule, everyday goods and services provide an accurate measure of the general cost of goods in any given city. In the case of Fort Walton Beach, FL, the city's goods and services are 5% lower than the Florida average and 5% lower than the U.S. average.

Did you know?

  • The cost of living in Fort Walton Beach is 3% lower than the Florida average.
  • The cost of living in Fort Walton Beach is 3% lower than the national average.
  • The cost of housing in Fort Walton Beach is 6% lower than the national average.
  • Florida general sales tax is 18% higher than the national average.
  • Florida state income tax is 100% lower than the national average.

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Compare Fort Walton Beach, FL Cost of living To Other Cities

Salary Calculator

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The salary calculator allows you to compare how much your current salary in Fort Walton Beach, FL would be worth in another city. In other words, the salary calculator will adjust the figure you enter for cost of living so that you can determine how much more or much less you would need to earn while maintaining your current quality of living. If you are considering relocating to a more expensive city than Fort Walton Beach, FL, the calculator will tell you how much more you need to earn so you can assess job offers more accurately. The Fort Walton Beach, FL salary calculator is easy to use. All you do is enter the name of another city, then move the slider to your current income. After that, the salary calculator will crunch the numbers for you and give you the information you need about the place you are considering going. Additionally, it will show a detailed breakdown of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$60,528$5,044$1,412$1,816
Renters$35,988$2,999$840$1,080
The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Fort Walton Beach, FL as well as the overall cost of living. As a general rule of thumb, the debt-to-income ratio (DTI) for homeowners or renters should be not more than 28 percent of gross income to be spent on housing related costs and not more than 36 percent of income on all expenses, including debts. The median income for Fort Walton Beach, FL homeowners, is $60,528. This would allow for a maximum of $1,412 per month to be spent on housing costs. For renters, the median monthly income is $35,988 which would result in a maximum of $840 to be spent on rental costs.

Florida Sales Tax

StateGeneral Sales TaxWith Max Surtax
Florida6%7.5%

Florida Income Tax

StateIncome Tax (Low)Income Tax (High)
Florida0%0%
One thing to keep in mind when considering the cost of living in Fort Walton Beach, FL is the Florida sales tax and Florida income tax rates. Sales taxes are taxes that are collected on most goods or services sold. Sales taxes can vary by state and can be as high as 7% and as low as 0% as not every state imposes a sales tax. The Florida sales tax rate is 6% and the maximum surtax that can be charged is 7.5%. Income tax is the tax imposed on income by both the federal and state government. The income tax rates varies by individual state and will also be higher or lower depending on the applicable tax bracket. The rates of state income tax can vary from 0% to more than 9%. The Florida income tax rates range from 0% to 0%.

Goods & Services

ItemFort Walton BeachNational avg.Difference
Haircut $13.38$14.598.3%
Beauty Salon $33.88$34.682.3%
Toothpaste $3.04$2.4722.9%
Shampoo $1.04$1.021.8%
Movie $9.75$9.871.2%
Bowling $4.02$4.398.5%

Groceries

ItemFort Walton BeachNational avg.Difference
Ground Beef $3.83$4.4814.4%
Fried Chicken $1.47$1.460.4%
Milk $2.61$2.3610.7%
Potatoes $3.72$3.0621.5%
Pizza $8.00$9.2413.4%
Beer $8.82$8.632.2%

Health Care

ItemFort Walton BeachNational avg.Difference
Optometrist $94.50$99.785.3%
Doctor $78.60$105.0325.2%
Dentist $79.40$88.7010.5%
Ibuprofen $9.84$9.414.5%
Lipitor $273.56$298.508.4%

Housing

ItemFort Walton BeachNational avg.Difference
Home Price $156,600.00$175,700.0010.9%
Avg. Mortgage Payment $832.83$1,081.0323.0%
Apartment Rent $976.00$920.006.1%

Transportation

ItemFort Walton BeachNational avg.Difference
Gasoline $1.92$2.098.2%
Tire Balancing $47.96$45.295.9%

Utilities

ItemFort Walton BeachNational avg.Difference
All Electricity$188.02$170.8010.1%
Phone $29.01$28.262.7%
Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City, StatePopulationCost of Living IndexNational Avg.
Wright, FL25,38497-3%
Ocean City, FL5,90197-3%
Mary Esther, FL4,03598-2%
Eglin AFB, FL2,41794-6%
Niceville, FL13,56296-4%
Fort Walton Beach, FL20,32097-3%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Portsmouth, OH20,32079-21%
Mountlake Terrace, WA20,31812222%
Sapulpa, OK20,30885-15%
Wilsonville, OR20,33513030%
Pittsburg, KS20,33683-17%
Fort Walton Beach, FL20,32097-3%
Source: The Fort Walton Beach, FL cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.