Destin is known as a popular tourist destination. However, more people are looking to Destin as a place to live. As a tourist destination, you might worry that it is too expensive to live here. But what is the cost of living in Destin, Florida? Read on to learn more!
Emerald Coast Real Estate Market Watch
As of September 2023, homes in Destin, Florida, took a median of 65 days to sell. However, real estate trends are always changing. Contact Mike Jones for help buying and selling homes on Florida’s Emerald Coast.
Housing is one of the most significant factors in considering the cost of living. Destin is one of the top tourist spots in Florida. As a tourist destination, homes tend to cost more. Most people own their homes in Destin and only 35.0% rent. At the time of writing, the median home price in Destin is almost double the national average. The price to rent a two-bedroom home is about $1740.
In Destin, the grocery prices are close to the state and national average. However, food expenses will vary depending on the individual and their preferences.
Transportation in Destin is more on the affordable side. Costs are lower than both the state average and the national average. Factors included in computing for transportation expenses are the total annual cost of operating vehicles, gas, and public transportation. However, most transportation in Destin will require a car. The city has limited public transportation options.
Utilities include water and electricity. Expenses for heating and cooling are also included. It doesn’t snow much in Destin, so you won’t have to spend too much on heating. However, most people run their air conditioners through most of the summer. That said, utility costs are near the national average.
When moving to a new city, you should also consider the healthcare costs. Destin has good hospitals and healthcare facilities. As for costs, Destin healthcare costs a little more than the national average.
Excluding housing, the cost of living in Destin is close to the national and state average in most ways. It is also a great place to live with a strong real estate market.
Are you interested in buying a home in Destin, FL? Click here to contact our team. We are experts in the Emerald Coast real estate market. Reach out now to learn more about how we can help.
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