Pace, FL Cost Of Living
Cost Of Living In Pace, FL Summary
Cost of living in Pace research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Pace is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Florida, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Pace is 98, with 100 being the average.
The cost of living index in Pace is 1.0x lower than the national average.
Pace ranks as the #218 cheapest in Florida out of 459.
Pace ranks as the #2,890 cheapest out of 6,412 in the US.
The median home value in Pace is $198,500.
The median income in Pace is $67,500.
Table Of Contents
Pace's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Pace, FL?
According to the most recent data on the cost of living, Pace has an overall cost of living index of 98, which is 1.0x lower than the national index of 100.
Compared to Florida, Pace has a cost of living index that's 1.0x lower than Florida's index of 101.
The standard of living in Pace ranks as #218 most affordable out of the 459 places we measured in Florida. By definition, that implies Pace ranks as the #241 most expensive place in the Sunshine State.
For more reading on life in Pace, check out:
- Living In Pace
- Search Homes For Sale In Pace, FL
In Florida
In America
Pace Cost Of Living Vs. Florida
Six factors go into calculating the cost of living index in Pace. Here is how it fairs on each of the criteria:
The Services index in Pace is 93.
The Groceries index in Pace is 98.
The Health index in Pace is 94.
The Housing index in Pace is 92.
The Transportation index in Pace is 97.
The Utilities index in Pace is 119.
| Living Expense | Pace | Florida | National Average | |
|---|---|---|---|---|
| Overall | 98 | 101 | 100 | |
| Services | 93 | 98 | 100 | |
| Groceries | 98 | 101 | 100 | |
| Health | 94 | 96 | 100 | |
| Housing | 92 | 108 | 100 | |
| Transportation | 97 | 98 | 100 | |
| Utilities | 119 | 100 | 100 | |
Pace, FL Housing Cost Breakdown
Housing swings affordability the most between places in Florida, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Pace is $198,500.
The Median Rent in Pace is $1,170.
The Median Income in Pace is $67,500.
The Home Value To Income in Pace is 2.9x.
The Rent To Monthly Income in Pace is 0.21x.
| Statistic | Pace | Florida | United States |
|---|---|---|---|
| Median Home Value | $198,500 | $248,700 | $244,900 |
| Median Rent | $1,170 | $1,301 | $1,163 |
| Median Income | $67,500 | $61,777 | $69,021 |
| Home Value To Income | 2.9x | 4.0x | 3.5x |
| Rent To Monthly Income | 0.21x | 0.25x | 0.2x |
Median Home Value
Median Rent
Median Income
Pace, FL Costs By Category
Detailed Pace Services Costs Vs. Florida
Detailed Pace Groceries Costs Vs. Florida
Detailed Pace Health Costs Vs. Florida
Detailed Pace Transportation Costs Vs. Florida
Detailed Pace Utilities Costs Vs. Florida
Pace SnackAbility
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Cost Of Living In Cities Around Pace
The cost of living varies in the cities and towns around Pace. Here's a quick look at the cost of living in the most populous nearby places:
Pensacola, FL has a cost of living index of 94, 1.0x Pace.
Ferry Pass, FL has a cost of living index of 95, 1.0x Pace.
Bellview, FL has a cost of living index of 92, 0.9x Pace.
| City | Population | Cost Of Living | Vs. Pace |
|---|---|---|---|
| Pensacola, FL | 53,845 | 94 | 1.0x |
| Ferry Pass, FL | 30,526 | 95 | 1.0x |
| Bellview, FL | 22,613 | 92 | 0.9x |
| Ensley, FL | 22,015 | 91 | 0.9x |
| West Pensacola, FL | 21,960 | 82 | 0.8x |
| Brent, FL | 21,717 | 87 | 0.9x |
| Myrtle Grove, FL | 17,023 | 87 | 0.9x |
| Warrington, FL | 16,140 | 84 | 0.9x |
| Gonzalez, FL | 14,324 | 95 | 1.0x |
| Milton, FL | 10,040 | 89 | 0.9x |
