Destin, FL Cost Of Living

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Destin cost of living index

Date & Last Updated: This data reflects 2019 and was released from C2ER in January, 2020; this is the most current data available.

The 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. The breakdown for each index is as follows: goods and services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index	Destin	Florida	National
Cost of living	114	99	100
Index	Destin	Florida	National
Goods & Services	96	99	100
Groceries	102	105	100
Health care	98	100	100
Housing	148	96	100
Transportation	94	98	100
Utilities	119	102	100

Key findings

The cost of living in Destin is 15% higher than the Florida average
The cost of living in Destin is 14% higher than the national average
Destin housing 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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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 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%

Goods & Services

Item	Destin	National avg.	Difference
Haircut	$24.25	$17.49	38.7%
Beauty Salon	$36.00	$38.17	5.7%
Toothpaste	$2.72	$2.32	17.2%
Shampoo	$0.89	$1.01	12.0%
Movie	$9.25	$10.72	13.7%
Bowling	$13.20	$13.86	4.8%

Groceries

Item	Destin	National avg.	Difference
Ground Beef	$3.71	$3.90	4.9%
Fried Chicken	$1.49	$1.40	6.8%
Milk	$2.72	$1.96	38.6%
Potatoes	$4.21	$3.18	32.3%
Pizza	$9.78	$10.39	5.9%
Beer	$9.74	$9.23	5.5%

Health Care

Item	Destin	National avg.	Difference
Optometrist	$76.25	$106.34	28.3%
Doctor	$86.00	$115.25	25.4%
Dentist	$101.80	$98.38	3.5%
Ibuprofen	$13.04	$9.26	40.8%
Lipitor	$504.89	$466.47	8.2%

Housing

Item	Destin	National avg.	Difference
Home Price	$279,400.00	$184,700.00	51.3%
Avg. Mortgage Payment	$1,202.55	$1,273.32	5.6%
Apartment Rent	$1,347.00	$949.00	41.9%

Transportation

Item	Destin	National avg.	Difference
Gasoline	$2.52	$2.59	2.7%
Tire Balancing	$44.22	$48.90	9.6%

Utilities

Item	Destin	National avg.	Difference
All Electricity	$221.13	$167.60	31.9%
Phone	$184.74	$163.42	13.0%

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	102	2%
Destin, FL	13,312	114	14%

Cities with similar population

City, State	Population	Cost of Living Index	National Avg.
Solana Beach, CA	13,312	217	117%
Fergus Falls, MN	13,310	89	-11%
Spring Creek, NV	13,310	101	1%
San Marino, CA	13,324	285	185%
Shorewood, WI	13,300	111	11%
Destin, FL	13,312	114	14%