Cost of Living in Crestview-Fort Walton Beach-Destin, FL

How far does a $70,000 salary go in Crestview-Fort Walton Beach-Destin? Estimated income taxes on that gross salary total approximately $7,241 per year — Florida levies no state income tax, so that figure covers federal tax only. Subtract rent for a 2-bedroom apartment ($1,785/month based on HUD Fair Market Rents for the Crestview-Fort Walton Beach-Destin metro area) and the estimated annual take-home is $41,339, or roughly $3,445 per month for everything else: food, transportation, savings, and discretionary spending.

The Crestview-Fort Walton Beach-Destin metro has a cost of living index of 99.2 according to the Bureau of Economic Analysis Regional Price Parities (national average = 100). Crestview-Fort Walton Beach-Destin sits close to the national average, meaning everyday expenses are broadly in line with what you'd find across most U.S. cities.

At a $70,000 salary, the estimated 2-bedroom rent in Crestview-Fort Walton Beach-Destin represents approximately 31% of gross income. That exceeds the conventional 30% guideline, meaning housing takes a significant share of the budget at this income level. Florida's zero income tax helps offset the rent burden compared to otherwise similar cities that also levy state income tax.