A+
15%
Overall NAT. AVG.
5%
Goods & Services NAT. AVG.
43%
Housing NAT. AVG.
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Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.
The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index West Pensacola Florida National
Cost of living8598100
Goods & Services10598100
Groceries9599100
Health care9496100
Housing5796100
Transportation8999100
Utilities8397100

An Overview of Cost of Living in West Pensacola, FL

The cost of living in West Pensacola affects the quality of life one can afford in this new location. It allows people to assess whether they can maintain their preferred lifestyle, including housing, leisure activities and dining options. Your total monthly expenditures can varry depending on the area, as well as many other factors. The cost of living in West Pensacola is 85, which is 15% lower than the national average. Knowledge of the cost of living can help individuals make informed decisions about retirement savings, investments, and financial goals.

West Pensacola housing costs are 42.9% less than the national average, making this area an affordable place to live. Your net income can be heavily impacted by housing expenses, at times exceeding 30%. Fortunately, this area demonstrates that both homeownership and renting costs are significantly more budget-friendly than in the rest of the country. With such favorable housing affordability, West Pensacola residents can earmark a more manageable portion of their income to housing.

Is West Pensacola Affordable?

Is West Pensacola an affordable place to live? It's a good question and one that you might want to ask when considering any new city, as affordability can play a huge role in the decision making process. The cost of living index (which we covered above), as well as housing costs and income levels play a vital role in determining the affordability of an area. The median home price in West Pensacola is 59.6% lower than the national average, while the average monthly rent prices are 3.9% lower than average. The affordability of any location can also be influenced by median income levels. West Pensacola has a median household income of $34,546, which is 37.6% lower than the national average.

What Factors can Influence the Cost of Living in West Pensacola?

Taxes: Locations with elevated tax rates, encompassing both sales and income taxes, can be a factor in driving up the cost of living. When you're paying more in taxes for everyday goods and services, it naturally translates into higher expenses. Similarly, a higher income tax rate can also contribute to an overall higher cost of living. In West Pensacola, the standard sales tax rate starts at 6%, and the income tax rates commence at 0%.

Utilities: Like everything else, utilities costs can range significantly depending on factors like climate, energy sources available, location and even state regulations. Things like electricity, water, heating and waste disposal costs can be higher or lower, depending on the city or state. The utilities index in West Pensacola comes in at 17.2% lower than the national average.

Transportation: In situations where public transportation is limited or nonexistent, local residents may be required to own and maintain their own vehicles, contributing to an elevated cost of living. Monthly expenditures may encompass fuel costs, insurance premiums, routine vehicle upkeep and possibly lease or financing payments. In West Pensacola, the transportation index is 11.3% lower than the national average.

Where is the Data From?

The cost of living data in West Pensacola displayed above is sourced from the C2ER cost of living index, which serves as a practical tool for comparing living expenses across urban areas. Published on a quarterly basis, this index aggregates data from over 300 independent researchers, encompassing more than 60 goods and services, in 6 different categories. The weightings assigned to cost differences rely on government survey data that tracks the spending habits of professional and executive households. It's worth noting that the C2ER index excludes data on sales or income tax rates, while AreaVibes integrates tax rates into the overall cost of living evaluation for each region.

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Cost Of Living Quick Facts

  • The cost of living in West Pensacola is 13% lower than the Florida average
  • The cost of living in West Pensacola is 15% lower than the national average
  • West Pensacola housing is 43% lower than the national average
  • Florida general sales tax is 18% higher than the national average
  • Florida state income tax is 100% lower than the national average

Most Affordable Places to Live in and Around West Pensacola

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Compare West Pensacola, FL Cost of Living

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      Salary Calculator

      This is how much you would need to earn in
      Price difference in compared to
      Cost of living index
      Goods & Services index
      Groceries index
      Health care index
      Housing index
      Transportation index
      Utilities index

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$40,628$3,386$948$1,219
      Renters$31,017$2,585$724$931
      To approximate the cost of living and the housing affordability in West Pensacola, FL, we can look at the percentage of income that is available to be spent on monthly housing, otherwise known as the debt-to-income ratio (DTI). To stay on the safe side, a consumer should not spend more than 28% of his or her gross income on housing-related expenses and costs and not more than 36% of income on all expenses and debts. Homeowners in West Pensacola have a median income of $40,628. Therefore, the amount that a consumer should spend on housing costs should be no more than $948 per month to avoid calamity and poverty. The renters in the city have an income of about $31,017, which would make their monthly maximum allowable rental costs $724.

      Florida Sales Tax

      State General Sales Tax With Max Surtax
      Florida 6% 7.5%

      Florida Income Tax

      State Income Tax (Low) Income Tax (High)
      Florida 0% 0%

      Goods & Services

      Item West Pensacola National avg. Difference
      Haircut $21.34$24.2612.0%
      Beauty Salon $52.41$45.5615.0%
      Toothpaste $3.71$3.700.3%
      Shampoo $1.17$1.288.4%
      Movie $12.99$12.137.1%
      Bowling $20.00$18.0011.1%

      Groceries

      Item West Pensacola National avg. Difference
      Ground Beef $6.17$5.845.7%
      Fried Chicken $1.67$1.576.2%
      Milk $4.50$4.673.8%
      Potatoes $5.20$4.935.4%
      Pizza $12.56$12.093.9%
      Beer $10.49$10.410.8%

      Health Care

      Item West Pensacola National avg. Difference
      Optometrist $107.95$125.6814.1%
      Doctor $106.49$135.7821.6%
      Dentist $113.85$113.290.5%
      Ibuprofen $10.06$10.655.6%
      Lipitor $510.84$468.609.0%

      Housing

      Item West Pensacola National avg. Difference
      Home Price $74,600.00$184,700.0059.6%
      Avg. Mortgage Payment $1,585.50$2,346.6932.4%
      Apartment Rent $912.00$949.003.9%

      Transportation

      Item West Pensacola National avg. Difference
      Gasoline $3.20$3.467.5%
      Tire Balancing $47.55$59.9220.6%

      Utilities

      Item West Pensacola National avg. Difference
      All Electricity $142.23$193.9926.7%
      Phone $188.01$192.252.2%
      Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

      Nearby cities with low cost of living

      City Population Cost of Living Index National Avg.
      Dickerson City, FL75973.0%
      Floridatown, FL313973.0%
      Mulat, FL112973.0%
      Goulding, FL3,9068515.2%
      Brent, FL21,8168614.4%
      West Pensacola, FL22,4188515.0%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Saint-Lambert, QC22,414n/a 
      Scugog, ON22,436n/a 
      Westmount, QC22,392n/a 
      Garden City, NY22,384214113.8%
      Brockville, ON22,459n/a 
      West Pensacola, FL22,4188515.0%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.