Pensacola, FL 32503 is an affordable city to live in. The 2 bedroom rent is $1,140 which is much lower than the US average of $1,430. Additionally, Pensacola has a low grocery cost index of 98 compared to the US average of 100. There are many great local businesses in Pensacola from eateries such as Joe Patti’s Seafood and Catfish Willie’s to retail stores such as The Garden Shoppe and Grand Lagoon Outfitters. Overall, the cost of living in Pensacola is relatively low compared to other cities.
Pensacola (zip 32503) has an unemployment rate of 4.3%. The US average is 6.0%.
Pensacola (zip 32503) has seen the job market decrease by -3.5% 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 (zip 32503)
- The Sales Tax Rate for Pensacola (zip 32503) is 7.5%. The US average is 7.3%.
- The Income Tax Rate for Pensacola (zip 32503) 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 (zip 32503)
- The average income of a Pensacola (zip 32503) resident is $34,366 a year. The US average is $37,638 a year.
- The Median household income of a Pensacola (zip 32503) resident is $56,486 a year. The US average is $69,021 a year.