Fort Walton Beach, FL is a great place to live with plenty of local businesses. It has a beachfront area that is perfect for swimming and other outdoor activities. In terms of cost of living, the 2 bedroom rent in Fort Walton Beach is $1,390 per month which is slightly lower than the US average of $1,430 per month. The Grocery Cost Index in Fort Walton Beach is also just as expensive as the US with both areas having an index rating of 100. Some local companies that operate in Fort Walton Beach include Eglin Air Force Base, Northwest Florida State College, and Paxton Aluminum Company. All these companies provide a variety of job opportunities which make it an attractive place to live for many people looking for employment. Overall, the cost of living in Fort Walton Beach is quite reasonable especially when considering all the benefits it provides such as its proximity to the beachfront and local businesses.
Fort Walton Beach has an unemployment rate of 4.0%. The US average is 6.0%.
Fort Walton Beach has seen the job market increase by 4.2% over the last year. Future job growth over the next ten years is predicted to be 46.2%, which is higher than the US average of 33.5%.
Tax Rates for Fort Walton Beach
- The Sales Tax Rate for Fort Walton Beach is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Fort Walton Beach is 0.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Fort Walton Beach
- The average income of a Fort Walton Beach resident is $27,049 a year. The US average is $28,555 a year.
- The Median household income of a Fort Walton Beach resident is $55,623 a year. The US average is $69,021 a year.