Key Economic Benchmarks
Median Household Income
$81,998$6,833 per month · U.S. Census Bureau ACS 5-YearFair market rent & 30% rule in Okaloosa County, FL
Official HUD Fair Market Rents evaluated against local household income benchmarks.
2026 HUD Fair Market Rent Schedule: Okaloosa County, FL
Official FY2026 HUD Fair Market Rents for Crestview-Fort Walton Beach-Destin, FL HUD Metro FMR Area. Under the federal 30% housing affordability standard, housing costs are sustainable when they consume 30% or less of gross household income.
| Unit Size | Monthly Rent | Annual Rent | 30% Rule Min. Income | % of Median Income |
|---|---|---|---|---|
| Studio / Efficiency | $1,362 | $16,344 | $54,480 | 19.9% |
| 1-Bedroom Apartment | $1,581 | $18,972 | $63,240 | 23.1% |
| 2-Bedroom ApartmentBenchmark | $1,785 | $21,420 | $71,400 | 26.1% |
| 3-Bedroom Home | $2,448 | $29,376 | $97,920 | 35.8% |
| 4-Bedroom Home | $2,979 | $35,748 | $119,160 | 43.6% |
50/30/20 Living Budget in Okaloosa County, FL
Based on the local median household income of $81,998/year ($6,833/month), here is how a balanced budget allocates expenses:
Take-Home Pay & Tax Explorer in Florida
Explore net income after federal income tax, FICA, and Florida state income tax based on the local median baseline.
Related Regional & Financial Profiles
Compare earnings and living costs across Florida with official federal datasets:
Frequently Asked Questions About Living in Okaloosa County, FL
What is the median household income in Okaloosa County, FL?
According to the latest U.S. Census Bureau ACS 5-Year survey, the median household income in Okaloosa County, FL is $81,998 per year (approximately $6,833 per month).
What is the average rent in Okaloosa County, FL?
According to HUD Fair Market Rent (FMR) benchmarks for 2026, standard monthly rents in Okaloosa County, FL are $1,362 for a studio, $1,581 for 1 bedroom, $1,785 for 2 bedrooms, $2,448 for 3 bedrooms, and $2,979 for 4 bedrooms.
How does the cost of living in Okaloosa County, FL compare to the national average?
Based on the Bureau of Economic Analysis (BEA) Regional Price Parity index, the general price level in Okaloosa County, FL is 97.0 (3% lower than the U.S. national baseline of 100.0).
How much do you need to earn to comfortably afford rent in Okaloosa County, FL?
Under the standard 30% housing affordability standard, renting a median 2-bedroom home ($1,785/month) in Okaloosa County, FL requires a minimum gross household income of $71,400 per year ($5,950 per month).
What is a balanced 50/30/20 monthly budget in Okaloosa County, FL?
For a typical household earning the median income of $81,998/year ($6,833/month) in Okaloosa County, FL, a balanced 50/30/20 budget allocates $3,417/month to essential needs (rent, utilities, groceries), $2,050/month to discretionary spending, and $1,367/month to savings and debt repayment.
What are typical electricity and utility costs in Okaloosa County, FL?
Residential electricity rates in Florida average 15.1¢ per kWh according to the U.S. Energy Information Administration (EIA). For an average home using 900 kWh per month, the estimated electric bill is approximately $136 per month.