Destin, FL Cost Of Living

Destin 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.
Index	Destin	Florida	National
Cost of living index	110	99	100
Index	Destin	Florida	National
Goods & Services index	91	99	100
Groceries index	99	105	100
Health care index	87	98	100
Housing index	148	96	100
Transportation index	88	100	100
Utilities index	107	103	100

The above illustration supplies generalized information for the Destin, FL cost of living index. Compared to other cities in Florida and cities across the country, the cost of living index in Destin, FL is 110, which is 11% higher than the Florida average and 10% higher than that for the entire country. The index is comprised of the following criteria: cost of retail goods and services (33%), groceries (13%), health care (5%), housing (30%), cost of public/private transportation (9%) and utilities (10%). Everyday goods and services, along with housing account for 63 percent of the total cost of living index. Goods and services that are a necessity regardless of location provide an accurate general sense of the cost of living in one city versus another. As seen above, the cost of retail goods and services in Destin, FL are 8% lower than the average for Florida and 9% lower than the rest of the country.

Did you know?

The cost of living in Destin is 11% higher than the Florida average.
The cost of living in Destin is 10% higher than the national average.
The cost of housing in Destin is 48% higher 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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Price difference in compared to

Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index

The salary calculator allows you to compare how much your current salary in Destin, 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 Destin, FL, the calculator will tell you how much more you need to earn so you can assess job offers more accurately. The Destin, 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 Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$75,926	$6,327	$1,771	$2,278
Renters	$55,439	$4,620	$1,293	$1,663

The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Destin, 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 Destin, FL homeowners, is $75,926. This would allow for a maximum of $1,771 per month to be spent on housing costs. For renters, the median monthly income is $55,439 which would result in a maximum of $1,293 to be spent on rental costs.

Florida Sales Tax

State	General Sales Tax	With Max Surtax
Florida	6%	7.5%

Florida Income Tax

State	Income Tax (Low)	Income Tax (High)
Florida	0%	0%

When assessing the complete cost of living in Destin, FL, the Florida income tax and the Florida sales tax percentages should unquestionably be taken into consideration. Sales taxes aren't just levies imposed onto sold goods, but they also include taxes that are charged when services are provided for a fee. The rates are different from state to state and can run has high as 7 percent. Some states have no sales tax at all. The Florida maximum surtax is 7.5%, and the Florida sales tax is 6%. By contrast, income tax is an unfortunate obligation that is charged by the government against earnings. Just like sales taxes, the rates for income taxes differ from state to state. They also decrease or increase according to the individual's tax bracket. Tax rates can run as high as 9 percent, with a minimum of zero. Income tax rates range from 0% to 0% in Florida.

Goods & Services

Item	Destin	National avg.	Difference
Haircut	$12.08	$16.09	24.9%
Beauty Salon	$21.51	$37.33	42.4%
Toothpaste	$1.75	$2.45	28.3%
Shampoo	$0.93	$1.00	7.1%
Movie	$7.94	$10.28	22.8%
Bowling	$4.23	$4.93	14.2%

Groceries

Item	Destin	National avg.	Difference
Ground Beef	$3.70	$3.80	2.7%
Fried Chicken	$1.51	$1.40	8.4%
Milk	$2.16	$2.01	7.8%
Potatoes	$3.05	$3.01	1.3%
Pizza	$10.00	$9.89	1.2%
Beer	$8.77	$8.90	1.5%

Health Care

Item	Destin	National avg.	Difference
Optometrist	$75.02	$102.16	26.6%
Doctor	$87.01	$108.36	19.7%
Dentist	$66.84	$92.53	27.8%
Ibuprofen	$12.82	$9.28	38.2%
Lipitor	$450.67	$425.82	5.8%

Housing

Item	Destin	National avg.	Difference
Home Price	$279,400.00	$184,700.00	51.3%
Avg. Mortgage Payment	$858.21	$1,202.44	28.6%
Apartment Rent	$1,347.00	$949.00	41.9%

Transportation

Item	Destin	National avg.	Difference
Gasoline	$2.01	$2.24	10.2%
Tire Balancing	$38.58	$46.29	16.7%

Utilities

Item	Destin	National avg.	Difference
All Electricity	$141.42	$165.96	14.8%
Phone	$38.17	$28.68	33.1%

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, State	Population	Cost of Living Index	National Avg.
Ocean City, FL	6,305	97	-3%
Wright, FL	23,382	97	-3%
Fort Walton Beach, FL	21,238	97	-3%
Mary Esther, FL	4,177	98	-2%
Niceville, FL	14,325	98	-2%
Destin, FL	13,312	110	10%

Cities with similar population

City, State	Population	Cost of Living Index	National Avg.
Solana Beach, CA	13,312	214	114%
Fergus Falls, MN	13,310	89	-11%
Spring Creek, NV	13,310	106	6%
San Marino, CA	13,324	284	184%
Shorewood, WI	13,300	112	12%
Destin, FL	13,312	110	10%

Source: The Destin, FL cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2017.

Destin, FL Cost of Living