Mortgage Affordability Calculator for Pensacola, FL
Updated 2026 · Local data pre-filled
In Pensacola, the median household income is $57,000 per year, while the median home costs $290,000. The price-to-income ratio is 5.1x — a stretch in this competitive market. Use this calculator to determine what you can comfortably afford based on your income.
✓ Calculator below is pre-filled with Pensacola local data
How Pensacola Compares to the National Average
Understanding how Pensacola stacks up helps you calibrate your financial planning.
| Metric | Pensacola, FL | US Average | Difference |
|---|---|---|---|
| Median Home Price | $290,000 | $420,800 | -31.1% |
| Median Monthly Rent | $1,200 | $1,713 | -29.9% |
| Median Household Income | $57,000 | $74,580 | -23.6% |
| Property Tax Rate | 0.91% | 1.10% | -17.3% |
| Cost of Living Index | 94 | 100 | -6.0% |
Sources: U.S. Census Bureau, BLS, Zillow, NAR (2024–2025). Green = favorable for residents; red = less favorable.
Pensacola Financial Snapshot
- Population (Metro)
- 510,000
- Unemployment
- 3.3%
- Avg Commute
- 24 min
- Median Age
- 38.5
- Price-to-Rent Ratio
- 20.1x
- Annual Property Tax
- $2,639
Mortgage Affordability Calculator in Other Florida Cities
Frequently Asked Questions — Pensacola
What is the median home price in Pensacola, FL?
The median home price in Pensacola is $290,000 as of 2025–2026. This is below the national median of $420,800.
What is the average rent in Pensacola?
Median monthly rent in Pensacola is $1,200. That works out to $14,400/year, or 25% of the median household income — within the commonly recommended 30% of income guideline.
Is Pensacola affordable?
Pensacola's cost of living index is 94 vs. the national average of 100. With a median household income of $57,000/year and a median home price of $290,000, the price-to-income ratio is 5.1x. Pensacola falls in the middle of the affordability spectrum for US cities.
What is the property tax rate in Pensacola?
The effective property tax rate in Pensacola is 0.91% of assessed value. On the median home of $290,000, that's roughly $2,639/year ($220/month).