Pensacola, FL

Below Avg · 86

Florida · Population 54,011 · Updated March 2026

$1,209
Median Rent / Month
$72,699
Median Income
$276,500
Median Home Value
$1,193
Owner Costs / Month

Affordability

How far your income goes in Pensacola

20.0%
Rent-to-Income Ratio
Affordable
Rent takes less than 25% of median income — considered affordable by HUD standards.

Tax Burden in Florida

State-level tax rates that affect your costs

0%
Income Tax (Top Rate)
6.0%
Sales Tax
0.86%
Property Tax Rate

Estimated Annual Costs

$14,508
Annual Rent
$0
State Income Tax
$2,378
Property Tax (est.)

Cost of Living Overview

Pensacola offers a below-average cost of living, giving residents more purchasing power compared to many US cities. With a cost index of 86 (where 100 equals the national median), Pensacola residents can expect to pay median rent of $1,209/month while earning a median household income of $72,699/year.

The median home value in Pensacola, FL is $276,500, with typical monthly owner costs around $1,193 including mortgage, insurance, and taxes. The median rent-to-income ratio of 20.0% means housing is relatively affordable here — well below the 30% threshold that HUD considers cost-burdened.

Florida has no state income tax, which can represent significant savings compared to high-tax states. Combined with a 6.0% sales tax rate and 0.86% effective property tax rate, the overall tax environment helps keep costs manageable in Pensacola.

Frequently Asked Questions

Common questions about living costs in Pensacola

What is the cost of living in Pensacola, FL?
The cost of living index in Pensacola, FL is 86 (US average = 100). Median monthly rent is $1,209, median household income is $72,699/year, and the median home value is $276,500.
Is Pensacola, FL affordable?
Yes, Pensacola is more affordable than the national average with a cost index of 86. The rent-to-income ratio is 20.0%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Pensacola, FL?
The median gross rent in Pensacola, FL is $1,209 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $14,508.
What is the median household income in Pensacola?
The median household income in Pensacola, FL is $72,699 per year. This compares to the national median of approximately $80,000.
What are the taxes like in Florida?
Florida has a top income tax rate of 0%, a sales tax of 6.0%, and an effective property tax rate of 0.86%. Notably, there is no state income tax.