Cost of Living in Okaloosa County, Florida
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
These figures are county medians, not a personal budget. Use them to frame rent, ownership, and income tradeoffs, then account for household size, commute, financing, insurance, taxes, debt, and local availability before making a decision.
How Okaloosa County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Okaloosa County ranks #2,896 of 3,142 counties for affordability (bottom 8%)
Sourced county brief
Okaloosa County Median Renter-Household Income at $58,571
In Okaloosa County, the median income for renter households was estimated at $58,571. The official ACS B25071 median gross rent as a percentage of household income (GRAPI) was 31.9%, which is 0.9 percentage points lower than the Florida unweighted county mean of 32.8%. Median gross rent in the county was $1,612 per month, compared to the state unweighted county mean of $1,304. For owner-occupied housing, the median home value was $351,200, while the state unweighted county mean was $284,325. Median selected monthly owner costs for all owner-occupied units were $1,452, compared to the state unweighted county mean of $1,039. All statistics provided are estimates from the U.S. Census Bureau American Community Survey 5-Year Estimates for 2020-2024. See ACS table B25071 for the underlying estimate.
Source record
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25064 Median Gross Rent
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25071 GRAPI
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25077 Median Home Value
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25088 Selected Monthly Owner Costs
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25119 Household Income by Tenure
Data version acs5-2020-2024 · Method cost-brief-v1
Cost of Living Advisory: Okaloosa County
Affordability Verdict
ACS B25071 estimates median gross rent at 31.9% of renter household income in Okaloosa County, which is between the 30% and 50% rent-burden benchmarks. This is a median percentage among renter-occupied units, not the share of households above a threshold.
Rent vs. Own
Median gross rent is $1,612 per month; median selected monthly owner costs are $1,452. These ACS medians describe different tenure groups and are not a personalized rent-versus-buy calculation.
Income Needed
Using the common 30% budgeting benchmark, $64,480 in annual gross income would allocate 30% to the county's median gross rent. This is a reproducible illustration, not evidence that a particular household can afford housing.
Regional Context
The Florida unweighted mean of county median rents is $1,304 per month. Okaloosa County's $1,612 median is 23.6% above that comparison value.
Data version acs5-2020-2024 · Method cost-advisory-v2
Affordability Calculator
See how your income compares to housing costs in Okaloosa County
Rent Burden
23.6%
of gross income
Max Housing (28% Rule)
$1,913
per month
Owner Cost Burden
21.2%
of gross income
The median home in Okaloosa County may be a stretch
Median home value is $351,200. Estimated monthly cost: $2,804 vs. your max of $1,913.
Rent Affordability Guide
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Based on the 30% rule for rent and 28% rule for housing costs (mortgage + owner costs). Mortgage estimate assumes 20% down, 7.2% interest, 30-year fixed.
Frequently Asked Questions
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See Today's RatesData: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2020-2024). Data is informational only and is not personalized financial advice.
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