Destin, FL

Very High · 135

Florida · Population 14,018 · Updated March 2026

$1,913
Median Rent / Month
$89,141
Median Income
$455,100
Median Home Value
$1,738
Owner Costs / Month

Affordability

How far your income goes in Destin

25.8%
Rent-to-Income Ratio
Moderate
Rent takes 25-35% of median income — moderate affordability.

Tax Burden in Florida

State-level tax rates that affect your costs

0%
Income Tax (Top Rate)
6.0%
Sales Tax
0.86%
Property Tax Rate

Estimated Annual Costs

$22,956
Annual Rent
$0
State Income Tax
$3,914
Property Tax (est.)

Cost of Living Overview

Destin has a significantly higher cost of living than most US cities, driven largely by premium housing costs. With a cost index of 135 (where 100 equals the national median), Destin residents can expect to pay median rent of $1,913/month while earning a median household income of $89,141/year.

The median home value in Destin, FL is $455,100, with typical monthly owner costs around $1,738 including mortgage, insurance, and taxes. With a rent-to-income ratio of 25.8%, Destin falls within the generally affordable range, though it's approaching the 30% burden threshold.

Florida has no state income tax, which can represent significant savings compared to high-tax states. Combined with a 6.0% sales tax rate and 0.86% effective property tax rate, the overall tax environment helps keep costs manageable in Destin.

Frequently Asked Questions

Common questions about living costs in Destin

What is the cost of living in Destin, FL?
The cost of living index in Destin, FL is 135 (US average = 100). Median monthly rent is $1,913, median household income is $89,141/year, and the median home value is $455,100.
Is Destin, FL affordable?
No, Destin is more expensive than the national average with a cost index of 135. The rent-to-income ratio is 25.8%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Destin, FL?
The median gross rent in Destin, FL is $1,913 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $22,956.
What is the median household income in Destin?
The median household income in Destin, FL is $89,141 per year. This compares to the national median of approximately $80,000.
What are the taxes like in Florida?
Florida has a top income tax rate of 0%, a sales tax of 6.0%, and an effective property tax rate of 0.86%. Notably, there is no state income tax.