Cost of Retiring in Destin FL

Are you considering retiring in the Destin-Fort Walton Beach area? Curious about the costs? We've compiled the top five indicators to give you a glimpse into what it's like to live here. Stick around to the end, as the last indicator might change your perspective completely.

Housing Costs

• Condos:

  • 2-bedroom, 1-bath, 900 sq ft: Starting at $209,000
  • 4-bedroom, 3-bath, 5,200 sq ft: Up to $5.9 million
  • Average: $350,000 - $450,000

• Waterfront Properties (Not Gulf-front):

  • 2-bedroom, 2-bath: Starting at $182,000
  • Average: $325,000 - $400,000

• Single-Family Homes:

  • Range: $280,000 - $505,000

• Rent:

  • Average: $1,400

Cost of Living

Destin's cost of living index is close to the national average. However, housing costs are higher, with an average of around $370,000. Groceries and utilities are slightly above average, with an overall index rating of 114 out of 100.

• Housing Index: 148 out of 100
• Groceries: 102 out of 100
• Utilities: 119 out of 100
• Overall: 114 out of 100

Lifestyle and Activities

If you love golfing, fishing, and seafood, Destin is the place to be. With miles of untouched beaches and a variety of outdoor activities, you'll never be bored. The area's economy thrives on tourism, which accounts for 80% of its income.

Climate and Weather

The average temperature in January is around 55°F, while July and August see averages of around 83°F. Humidity can reach 90% or higher, so be prepared for hot and humid summers.

Safety and Transportation

Crime rates in Destin and Fort Walton Beach are low, making it a safe place to retire. Transportation options include trolleys, buses, and rideshare services. The Destin-Fort Walton Beach Airport provides convenient access for travelers.

• Tourism accounts for 80% of the income.
• Fort Walton Beach Airport is connected to Eglin Air Force Base.

The cost of retiring in Destin Fort Walton Beach area depends on your lifestyle. Condo living can be more expensive, while single-family homes offer a range of prices. The overall cost of living is slightly above the national average, but the area's amenities and lifestyle make it a popular choice for retirees.

For more information on housing costs or any other inquiries, feel free to call/text us at 850-204-4416 or email us at Admin@WhittemoreGroupRE.com. We're here to help you make the best decision for your retirement.

Click here to see all available homes for sale in Destin, Florida area.