Cost of living in Destin research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Destin is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Florida, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Destin is 113, with 100 being the average.
The cost of living index in Destin is 1.1x higher than the national average.
Destin ranks as the #369 cheapest in Florida out of 459.
Destin ranks as the #4,363 cheapest out of 6,412 in the US.
The median home value in Destin is $357,400.
The median income in Destin is $81,827.
According to the most recent data on the cost of living, Destin has an overall cost of living index of 113, which is 1.1x higher than the national index of 100.
Compared to Florida, Destin has a cost of living index that's 1.1x higher than Florida's index of 101.
The standard of living in Destin ranks as #369 most affordable out of the 459 places we measured in Florida. By definition, that implies Destin ranks as the #90 most expensive place in the Sunshine State.
For more reading on life in Destin, check out:
Six factors go into calculating the cost of living index in Destin. Here is how it fairs on each of the criteria:
The Services index in Destin is 95.
The Groceries index in Destin is 99.
The Health index in Destin is 95.
The Housing index in Destin is 149.
The Transportation index in Destin is 99.
The Utilities index in Destin is 123.
|Living Expense||Destin||Florida||National Average|
Housing swings affordability the most between places in Florida, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Destin is $357,400.
The Median Rent in Destin is $1,636.
The Median Income in Destin is $81,827.
The Home Value To Income in Destin is 4.4x.
The Rent To Monthly Income in Destin is 0.24x.
|Median Home Value||$357,400||$248,700||$244,900|
|Home Value To Income||4.4x||4.0x||3.5x|
|Rent To Monthly Income||0.24x||0.25x||0.2x|
The cost of living varies in the cities and towns around Destin. Here's a quick look at the cost of living in the most populous nearby places:
Pensacola, FL has a cost of living index of 94, 0.8x Destin.
Navarre, FL has a cost of living index of 104, 0.9x Destin.
Ferry Pass, FL has a cost of living index of 95, 0.8x Destin.
|City||Population||Cost Of Living||Vs. Destin|
|Ferry Pass, FL||30,526||95||0.8x|
|Fort Walton Beach, FL||20,805||96||0.8x|
|Upper Grand Lagoon, FL||18,140||105||0.9x|
|Myrtle Grove, FL||17,023||87||0.8x|
|Miramar Beach, FL||9,059||119||1.1x|