Cost of Living in Pace, FL

Population 25,630 · Florida · Data vintage 2023

Cost Index
(100 = US avg)

Page updated: April 2026 · Data vintage: 2023 ACS 5-Year

Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Pace lands reasonably close to national benchmarks on most cost indicators, with a median home value of $271,000 — 11% below the US figure. That makes it a useful reference point for comparing with more extreme markets in Florida.

Geographically, Pace is about 55 miles east of Mobile, the nearest large metro. Median home values run roughly 59% higher than Mobile's $170,000.

Cost Overview

Housing 89

Rent 91

Scale: 100 = US national average. Green < 90, Red > 110.

About the Cost of Living in Pace

The median home value in Pace is $271,400 — 11% below the national median of $305,000. Median rent runs $1,195/month, 9% lower than the national median of $1,314/month. The median household income of $84,912/year is 14% higher than the US median of $74,580. The local unemployment rate is 4.1%, below the national average of 4.8%. Florida charges no state income tax, a meaningful advantage for take-home pay. Overall, Pace has a cost of living index of 90 versus the US average of 100, meaning it is 10% less expensive.

🏠 Housing

Median Home Value

$271,400

11% below avg

Zillow Home Value

$320,934

Zillow ZHVI

Median Rent

$1,195/mo

9% below avg

Zillow Rent

$1,826/mo

Zillow ZORI

Price-to-Rent Ratio

18.9x

Favors buying

Property Tax Rate

0.9%

Effective rate

HUD Fair Market Rents by Bedroom

Studio

$1,085

1 BR

$1,181

2 BR

$1,427

3 BR

$1,797

4 BR

$2,099

Owner-occupied 85.4%

Renter-occupied 14.6%

💰 Estimated Monthly Budget

Rent median rent

$1,195

Groceries national estimate

$400

Utilities local estimate

$88

Transportation local gas prices

$126

Estimated Total $1,809/mo

Estimates based on median data and national averages. Actual costs vary.

🛒 Food & Groceries

National BLS average prices (2023). Local prices may vary.

🥚

Eggs (dozen)

$0.548

🍞

White Bread (lb)

$1.912

🥩

Ground Beef (lb)

$5.61

🚗 Transportation

Avg Commute

31.3 min

16% above avg

Gas Price

$3.145/gal

0% below avg

Work From Home

12.5%

Commute Mode

Drove alone

79.3%

Carpooled

6.3%

Walked

1.1%

Work from home

12.5%

⚡ Utilities

Electricity

$0.176/kWh

0% below avg

📋 Taxes

State Income Tax (flat) None

Total Sales Tax 7.0%

State rate 6.0%

Avg local rate 1.1%

Property Tax 0.9%

💼 Income & Employment

Median Household Income

$84,912

14% above avg

Per Capita Income

$40,599

Unemployment Rate

4.1%

14% below avg

Poverty Rate

10.1%

Labor Force Participation

57.7%

🎓 Education

Bachelor's degree+ 18.1%

Graduate degree 13.4%

👥 Demographics

Median Age 37.3

Male median age 37.2

Female median age 37.4

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 47 — Good

56.7%

Good air days/yr

103

Max AQI recorded

258

PM2.5 days

107

Ozone days

Frequently Asked Questions

What is the cost of living in Pace, FL?

Pace has a cost index of 90 (100 = national average). It is 10% below the national average.

What is average rent in Pace, FL?

The median gross rent in Pace is $1,195 per month based on 2023 Census data.

What is the average home price in Pace?

The median home value in Pace is $271,400 according to Zillow and Census data.

What is the median income in Pace?

The median household income in Pace is $84,912 per year (2023 ACS 5-year estimates).

What is the sales tax in Pace, FL?

The combined state and local sales tax rate in Pace is 7.0%. Florida has no state income tax.

Is Pace, FL affordable?

Pace is near the national average in terms of cost of living, with an index of 90 (100 = US average).

Pace at a Glance

Population: 25,630
Median Income: $84,912
Home Value: $271,400
Median Rent: $1,195/mo
Unemployment: 4.1%
Sales Tax: 7.0%

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