Destin, FL Economy


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Destin, FL is a beautiful coastal paradise located in the panhandle on Florida's Emerald Coast. It offers an abundance of activities to entertain visitors and residents alike. With its pristine beaches, world-class fishing, championship golf courses, and challenging outdoor adventures, Destin is a perfect place for vacationers or those looking to make it their home. The average two bedroom rent is slightly higher than the US average at $1,740 per month but groceries here are cheaper with a cost index of 105 versus 100 in the US. Local companies such as Adventure Sailboat Rentals offer some of the best sailing tours around while families can enjoy Big Kahuna Water & Adventure Park where they can ride ten different water slides. All in all Destin is a great place to live or visit and make sure to check out all it has to offer!

Destin has an unemployment rate of 4.0%. The US average is 6.0%.

Destin 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 Destin
- The Sales Tax Rate for Destin is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Destin 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 Destin
- The average income of a Destin resident is $39,252 a year. The US average is $28,555 a year.
- The Median household income of a Destin resident is $81,827 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyDestin, FloridaUnited States
  46
  -3.4%-6.2%
  46.2%33.5%
  6.5%6.2%
  0.0%4.6%
  $51,007$37,638
  $81,827$69,021
  $95,000$85,028
  Population by Occupation
  1.5%1.2%
  1.3%0.5%
  7.7%6.8%
  1.9%10.0%
  0.8%2.5%
  9.0%11.0%
  7.4%4.8%
  0.2%0.8%
  1.9%1.9%
  2.7%4.7%
  11.2%1.9%
  7.1%7.6%
  0.1%0.1%
  4.4%4.2%
  4.3%9.3%
  10.2%14.0%
  3.4%2.1%
  15.7%7.0%
  3.7%4.8%
  5.8%4.7%
Reviews for Destin
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I find it amazing the place is rated one star - Yes the cost of housing is high especially as covid pushed more people to Florida. But living here is easy - three  More

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This tiny town is SO expensive. Unless you want a roach and mold infested place you will have to pay around $1800 or more and the “nice” places have reviews that scare  More

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I moved to Destin in 1987 when there was no development in the eastern part of town, only trees, beaches and a two lane road. I worked as a Sheriff's Deputy for over 30  More

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