Cost of Living in Pensacola, FL

Population 54,011 · Florida · Data vintage 2023

91
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Most of Pensacola's cost indicators track within a reasonable band of national figures, with median household incomes near $72,699 — a more representative starting point for relocation math than the headline-expensive or headline-cheap cities on either tail.

Pensacola is about 55 miles east of Mobile, the nearest large metro — close enough that regional housing and labor patterns are shaped largely by the larger market. Median home values run roughly 62% higher than Mobile's $170,000.

Cost Overview

Housing 91
Rent 92

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

About the Cost of Living in Pensacola

The median home value in Pensacola is $276,500 — 9% below the national median of $305,000. Median rent runs $1,209/month, 8% lower than the national median of $1,314/month. The median household income of $72,699/year is 3% lower than the US median of $74,580. The local unemployment rate is 5.5%, above the national average of 4.8%. Florida charges no state income tax, a meaningful advantage for take-home pay. Overall, Pensacola has a cost of living index of 91 versus the US average of 100, meaning it is 9% less expensive.

🏠 Housing

Median Home Value
$276,500
9% below avg
Zillow Home Value
$261,306
Zillow ZHVI
Median Rent
$1,209/mo
8% below avg
Zillow Rent
$1,622/mo
Zillow ZORI
Price-to-Rent Ratio
19.1x
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 63.5%
Renter-occupied 36.5%

💰 Estimated Monthly Budget

Rent median rent
$1,209
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,823/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
23.0 min
15% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
15.2%

Commute Mode

Drove alone
72.9%
Carpooled
7.0%
Public transit
0.8%
Walked
1.4%
Bicycle
0.6%
Work from home
15.2%

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
$72,699
3% below avg
Per Capita Income
$48,053
Unemployment Rate
5.5%
14% above avg
Poverty Rate
12.3%
Labor Force Participation
63.1%

🎓 Education

Bachelor's degree+ 24.2%
Graduate degree 18.5%

👥 Demographics

Median Age 40.8
Male median age 37
Female median age 44.9

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 51 — Moderate
48.8%
Good air days/yr
108
Max AQI recorded
251
PM2.5 days
114
Ozone days

🏫 Schools

NCES CCD 2019 — public school district data

88%
4-Year Graduation Rate
16.6:1
Student-teacher ratio
69
Public schools
39,739
Total enrollment

Frequently Asked Questions

What is the cost of living in Pensacola, FL?

Pensacola has a cost index of 91 (100 = national average). It is 9% below the national average.

What is average rent in Pensacola, FL?

The median gross rent in Pensacola is $1,209 per month based on 2023 Census data.

What is the average home price in Pensacola?

The median home value in Pensacola is $276,500 according to Zillow and Census data.

What is the median income in Pensacola?

The median household income in Pensacola is $72,699 per year (2023 ACS 5-year estimates).

What is the sales tax in Pensacola, FL?

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

Is Pensacola, FL affordable?

Pensacola is near the national average in terms of cost of living, with an index of 91 (100 = US average).

Pensacola at a Glance

Population
54,011
Median Income
$72,699
Home Value
$276,500
Median Rent
$1,209/mo
Unemployment
5.5%
Sales Tax
7.0%
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🗺️ County data for Florida

Explore county-level cost of living data

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