Pensacola, Florida has an overall cost of living index of 97.3, which is 2.7 points below the US average of 100 — making it about average versus most American cities. Renters pay a median of $1,209 per month, while the typical home is valued around $276,500. Households earn a median of $72,699 per year, leaving rent at a manageable share of income for many residents. The figures below cover housing, local wages by occupation, demographics, and air quality, all drawn from the US Census Bureau, BEA, HUD, and EPA.
Median Household Income
$72,699
Annual · Census ACS
Median Gross Rent
$1,209
Per month · Census ACS
Median Home Value
$276,500
Census ACS
Cost of Living Index
97.3
BEA RPP · US avg = 100
Studio FMR
$1,112
HUD Fair Market Rent
1BR Fair Market Rent
$1,257
HUD FMR
2BR Fair Market Rent
$1,471
HUD FMR
3BR Fair Market Rent
$1,952
HUD FMR
HUD Fair Market Rent = 40th percentile gross rent · FY2024
Each category is indexed to the US average of 100. Below 100 = cheaper than average.
Overall
97.3
Goods
95.0
Rents / Housing
95.7
Services
90.8
Source: BEA Regional Price Parities (metro-level)
State Income Tax
None
No state income tax on wages
State Sales Tax
6.00%
Statewide base rate (local add-ons may apply)
Source: Tax Foundation (2024)
| Occupation | Median Annual Wage |
|---|---|
| 💻Software Developer | $107,280 |
| 🏥Registered Nurse | $79,440 |
| 📚Elementary Teacher | $53,950 |
| ⚡Electrician | $49,420 |
| 📊Accountant | $76,870 |
Source: BLS OEWS 2023 (metro-level data)
Population
54,011
Latest estimate
Median Age
40.8 yrs
Census ACS
🌬️
AQI data not available
Source: EPA AirNow
What is the cost of living index for Pensacola?
Pensacola has a Regional Price Parity (RPP) index of 97.3. The US national average is 100, so Pensacola is 2.7 points below the national average.
What is the median rent in Pensacola?
The median gross rent in Pensacola is $1,209 per month according to US Census ACS data.
What is the median household income in Pensacola?
The median household income in Pensacola is $72,699 per year.
What is the median home value in Pensacola?
The median home value in Pensacola is $276,500 based on the latest Census ACS survey.
How is the air quality in Pensacola?
Air quality data for Pensacola is not yet available.
What are the taxes like in Pensacola?
Florida has no state income tax on wages and a statewide sales tax of 6.00% (local rates may add to this). Source: Tax Foundation, 2024.
Data last updated: December 1, 2024 · Sources: US Census ACS, BEA RPP, BLS OEWS, HUD FMR, EPA AirNow, Tax Foundation · Methodology