Pensacola, Florida (32509) is an affordable city with a median rent for a two bedroom apartment costing $1,150 per month. This price is significantly lower than the US average of $1,430 for two bedrooms. Additionally, grocery costs are also lower in Pensacola with an index of 97 compared to 100 nationwide. Pensacola offers a wide variety of activities and businesses including the National Naval Aviation Museum, Pensacola Beach, Fish House restaurant, and McGuire’s Irish Pub. The low cost of living in Pensacola makes it easy to enjoy all that the city has to offer without breaking the bank.