Cost of Living in Fort Walton Beach provides a reasonably affordable coastal lifestyle compared to other Florida destinations. Housing costs are lower than in nearby Destin, with median home prices around $350,000 and average rent at $1,500. Utilities are generally affordable, although air conditioning use can increase expenses during the hotter months. The cost of groceries and dining offers a range of options, from budget-friendly to more indulgent choices. While Florida’s lack of a state income tax is a financial advantage, it’s important to note that insurance costs, especially for homeowners, can be substantial. Overall, this cost of living breakdown for Fort Walton Beach strikes a balance between affordability and enjoying a beachside lifestyle.
Housing Costs in Fort Walton Beach
If you want to live near the beach without dropping Miami or Tampa prices, Fort Walton Beach is a strong contender. But don’t expect it to be dirt cheap.
- Home Prices: The median home price sits around $350,000. Compare that to Destin, where homes easily hit $500,000+.
- Rent: A one-bedroom apartment runs about $1,500 per month. Want something closer to the water? Prices rise fast.
- Property Taxes: Florida has no state income tax, but property taxes average about 0.83% of a home’s value.
For those looking to buy, you might find your dollar stretches further in Mary Esther or Shalimar, just outside of town.
Utilities and Internet
Utilities in Fort Walton Beach are reasonable, but let’s be real—summer means AC, and AC means higher bills.
- Electricity: Expect to pay around $120 – $180 per month, depending on your usage.
- Water & Sewer: Around $50 – $80 per month.
- Internet: Spectrum and Cox are the main providers. High-speed internet runs $60 – $100 per month.
Bottom line? If you’re smart about energy use, it won’t cost an arm and a leg.
Groceries and Dining Out
Wondering if your grocery bill will skyrocket here? It depends on your habits. Publix is a local favorite, but you’ll pay more than at Walmart or ALDI.
| Item | Average Price |
|---|---|
| Loaf of bread | $3 |
| Gallon of milk | $4.50 |
| Dozen eggs | $3.50 |
| Chicken breast (per lb) | $4.99 |
Eating out is another story. You can grab a burger for $10 or splurge on seafood dinners that push $30+. Mexican, sushi, or BBQ? All solid options—and cheaper than Miami or Orlando.
Taxes and Insurance
Florida wins big here: No state income tax. That means more of your paycheck stays in your pocket.
But—don’t ignore insurance. Home insurance in Florida is climbing because of hurricane risks. Expect to pay anywhere from $1,500 – $3,000 annually, depending on coverage.
Car insurance? It’s slightly higher than the national average, but smart shopping can keep costs in check.
FAQs
Is Fort Walton Beach cheaper than Destin?
Yes. Housing and dining are more affordable compared to Destin, where tourists drive prices up.
Can you live in Fort Walton Beach on a budget?
Absolutely. Rent outside the tourist zones, shop at ALDI, and skip beachfront dining. You’ll save big.
How much do I need to make to live comfortably?
If you’re renting a one-bedroom, earning $50,000+ per year should keep you comfortable.
Conclusion
The cost of living in Fort Walton Beach is fair for a beach city, but it’s not the cheapest spot in Florida. If a balance of affordability and coastal living sounds good, it might just be the right move.