Fort Walton Beach is a town in Florida with a population of slightly more than 21,000. Retirees make up a greater percentage of the population (18%) here than nationally (14%). Renters tend to be in the minority in Fort Walton Beach, and 56% of residents own their homes. Renters in the city benefit from a relatively low average rent of $1,006/month, which is $147 a month less than the state average.
With an average commute time of about 22 minutes, faster than most cities in the state, Fort Walton Beach residents are well aware that it isn't overly time-consuming to get to work. Many residents (47%) drive themselves to work, while public transportation is not used widely. Few commuters walk to work.
There are two primary industries in Fort Walton Beach: entertainment and retail. Together, these industries make up 17% of the city's workforce. Meanwhile, in terms of job function, 9% of residents work in sales, which ranks as the top field in the city. Fort Walton Beach workers take home an average annual income of around $63,000, about $3,000 less than their peers elsewhere in Florida. Fort Walton Beach's average income also falls below the national average of $73,345. Compared to the national average (5%), Fort Walton Beach has a high concentration of residents over the age of 25 who possess an Associate's degree (8%). Further, 10% have a Bachelor's degree and 6% have earned a Master's degree or Doctorate.