Pensacola, OK is a great place to live with a cost of living that is significantly lower than the national average. The average rent for a two bedroom apartment in Pensacola is $820, while the same accommodation in the US would cost an average of $1,430. Additionally, Pensacola boasts a Grocery Cost Index of 93 versus 100 in the US overall. This means that groceries can be acquired at a great savings in comparison to other parts of the country.
The city has many local companies that provide employment opportunities such as Wyandotte Nation Casino, Cherokee Nation Entertainment and American Legion Post 1459. In addition to these businesses, there are other places to shop and dine in downtown Pensacola including Country Mart Supermarket and Sally's BBQ Pit & Catering Service. With its affordable housing prices and low cost of living, Pensacola is an ideal place to call home.
Pensacola has an unemployment rate of 3.7%. The US average is 6.0%.
Pensacola has seen the job market increase by 3.1% over the last year. Future job growth over the next ten years is predicted to be 27.0%, which is lower than the US average of 33.5%.
Tax Rates for Pensacola
- The Sales Tax Rate for Pensacola is 5.9%. The US average is 7.3%.
- The Income Tax Rate for Pensacola is 5.0%. 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 $16,982 a year. The US average is $28,555 a year.
- The Median household income of a Pensacola resident is $35,625 a year. The US average is $69,021 a year.