By Amy Newburn on December 12, 2018
The Haas Center collected data for the Pensacola-Ferry Pass-Brent MSA for the Q3 2018 Cost of Living Index (COLI). Pensacola’s overall index score was 97.7, meaning that it is less expensive than the average metropolitan area (considered the benchmark of 100) and less expensive than five other Florida metros. Below, the overall index score for all of the Q3 participating areas in Florida. The second figure below shows how each of those areas compare across the index’s sub-components: groceries, housing, utilities, transportation, healthcare and miscellaneous.
About the Index: The Council for Community and Economic Research (C2ER) produces the Cost of Living Index to provide a useful and accurate measure of living cost differences among urban areas. The Cost of Living Index measures relative price levels for consumer goods and services in participating areas. The average for all participating places, both metropolitan and non-metropolitan, equals 100, and each participant’s index is read as a percentage of the average for all places.