Destin, Florida is a beautiful beachfront city situated along the Gulf of Mexico. The emerald waters and white sands draw plenty of tourists, but a lucky 12,425 residents get to call this destination home. Dubbed the "World's Luckiest Fishing Village," this is a major hot spot for fishing along the Florida panhandle. The city is also home to several golf courses and the Emerald Coast Winery.
The cost of living in Destin is about 21 percent higher than the national average. This is due mainly to housing, which is 60 percent more expensive than the national average. The median home cost in Destin is $272,500. A two-bedroom apartment or home in the city rents for an average of $881 a month. Though homes have appreciated 3.4 percent over the last 12 months, they're still recovering from a steep depreciation of 11.8 percent over the last five years.
Destin Job Opportunities
Destin's economy is driven largely by deep sea fishing, so many Destin, FL jobs are on the water. Several other jobs in Destin are related to tourism, as well. ResortQuest International provides the greatest number of Destin, FL jobs with over 1,000 employees. While food preparation and serving accounts for about 6 percent of jobs in the United States, it provides over 12 percent of Destin jobs. After ResortQuest, the city's next-largest employers are A.J.'s Seafood and Oyster House, Crab Trap and Cracker Barrel. Hospitality jobs in Destin are the easiest to find. Destin Healthcare and Rehabilitation is the only major employer in town not in the tourism industry.
Though it is technically outside the city boundaries, the Eglin Air Force Base in Eglin, FL is a major employer in the area, as well. Residents who don't mind a short commute can look for jobs in nearby cities like Fort Walton Beach or Niceville, as well.
Destin Employment Trends
Unemployment in Destin is low at 4.1 percent. Recent job growth of 4.2 percent outstrips the national average of 1.18 percent. Future job growth is projected at 11.3 percent. As the economy recovers and more people resume their regular vacationing habits, Destin can expect to see a healthy boost to its own economy.
Though many Destin jobs are in hospitality or food service, the average household income in the city is $61,903. Over 20 percent of Destin residents make more than $100,000 a year, indicating that many Destin, FL jobs pay very well. Those looking for employment in a sunny and picturesque spot should start seeking out jobs in Destin, FL.