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.
IndexDestinFloridaNational
Cost of living11499100
IndexDestinFloridaNational
Goods & Services9699100
Groceries102105100
Health care98100100
Housing14896100
Transportation9498100
Utilities119102100

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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Compare Destin, FL Cost of Living To Other Cities

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      Groceries index
      Health care index
      Housing index
      Transportation index
      Utilities index

      Median Income & Debt-To-Income Ratio

      Median IncomePer YearPer MonthMax 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

      StateGeneral Sales TaxWith Max Surtax
      Florida6%7.5%

      Florida Income Tax

      StateIncome Tax (Low)Income Tax (High)
      Florida0%0%

      Goods & Services

      ItemDestinNational avg.Difference
      Haircut $24.25$17.4938.7%
      Beauty Salon $36.00$38.175.7%
      Toothpaste $2.72$2.3217.2%
      Shampoo $0.89$1.0112.0%
      Movie $9.25$10.7213.7%
      Bowling $13.20$13.864.8%

      Groceries

      ItemDestinNational avg.Difference
      Ground Beef $3.71$3.904.9%
      Fried Chicken $1.49$1.406.8%
      Milk $2.72$1.9638.6%
      Potatoes $4.21$3.1832.3%
      Pizza $9.78$10.395.9%
      Beer $9.74$9.235.5%

      Health Care

      ItemDestinNational avg.Difference
      Optometrist $76.25$106.3428.3%
      Doctor $86.00$115.2525.4%
      Dentist $101.80$98.383.5%
      Ibuprofen $13.04$9.2640.8%
      Lipitor $504.89$466.478.2%

      Housing

      ItemDestinNational avg.Difference
      Home Price $279,400.00$184,700.0051.3%
      Avg. Mortgage Payment $1,202.55$1,273.325.6%
      Apartment Rent $1,347.00$949.0041.9%

      Transportation

      ItemDestinNational avg.Difference
      Gasoline $2.52$2.592.7%
      Tire Balancing $44.22$48.909.6%

      Utilities

      ItemDestinNational avg.Difference
      All Electricity$221.13$167.6031.9%
      Phone $184.74$163.4213.0%
      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, StatePopulationCost of Living IndexNational Avg.
      Ocean City, FL6,30597-3%
      Wright, FL23,38297-3%
      Fort Walton Beach, FL21,23897-3%
      Mary Esther, FL4,17798-2%
      Niceville, FL14,3251022%
      Destin, FL13,31211414%

      Cities with similar population

      City, StatePopulationCost of Living IndexNational Avg.
      Solana Beach, CA13,312217117%
      Fergus Falls, MN13,31089-11%
      Spring Creek, NV13,3101011%
      San Marino, CA13,324285185%
      Shorewood, WI13,30011111%
      Destin, FL13,31211414%
      Source: The Destin, FL cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2019.