Pensacola, FL is a great city situated on the Gulf of Mexico. It offers many amenities for its residents such as an array of shopping outlets like Walmart, Starbucks, and Target; top-notch restaurants such as Fish House and Jaco's Bayfront Bar & Grille; and popular tourist attractions including Pensacola Beach and Pensacola Bay Bridge. The average cost of a two bedroom rental in Pensacola is $1,120 per month, which is significantly lower than the national average of $1,430. Additionally, according to the Grocery Cost Index, Pensacola has an index score of 97 compared to 100 in the United States. This makes it relatively affordable for those living in or visiting the city.
Pensacola has an unemployment rate of 4.3%. The US average is 6.0%.
Pensacola has seen the job market increase by 1.9% over the last year. Future job growth over the next ten years is predicted to be 42.0%, which is higher than the US average of 33.5%.
Tax Rates for Pensacola
- The Sales Tax Rate for Pensacola is 7.5%. The US average is 7.3%.
- The Income Tax Rate for Pensacola is 0.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Pensacola
- The average income of a Pensacola resident is $28,844 a year. The US average is $28,555 a year.
- The Median household income of a Pensacola resident is $59,119 a year. The US average is $69,021 a year.