Richmond, VA vs Pensacola, FL: cost of living compared
Price levels from BEA (2024); rent and home values from Zillow (September 2026).
The short answer
- Overall, living costs in Pensacola, FL and Richmond, VA are within 1% of each other (BEA, 2024).
- To keep the same standard of living, $75,000 in Richmond works out to about $74,900 in Pensacola, before taxes.
- Housing is 0.4% lower in Pensacola, goods 0.6% lower and other services 0.3% higher, which roughly cancel out.
- Typical asking rent is $1,735 a month in Pensacola and $1,706 in Richmond, nearly the same (Zillow, September 2026).
- A typical home is valued at about $309,000 in Pensacola and $392,000 in Richmond.
- The gap is about where it was in 2019 (1.3%).
derived Calculated from BEA Regional Price Parities (2024) and Zillow data. Based on an average household's spending; taxes not included. How we calculate.
Category by category
Both cities against the US average (100). The gap in each row is what matters for a move.
Overall prices are about the same in Richmond and Pensacola
Price level by category, 2024. US average = 100.
- Richmond, VA
- Pensacola, FL
All items Richmond, VA: 97.9 Pensacola, FL: 97.7
Goods Richmond, VA: 96.8 Pensacola, FL: 96.2
Housing (rents) Richmond, VA: 99.1 Pensacola, FL: 98.8
Utilities Richmond, VA: 89.2 Pensacola, FL: 88.5
Other services Richmond, VA: 98.6 Pensacola, FL: 98.9
Source: U.S. Bureau of Economic Analysis, Regional Price Parities by metropolitan area, 2024 (US = 100).
Show the numbers
| Richmond, VA | Pensacola, FL | |
|---|---|---|
| All items | 97.9 | 97.7 |
| Goods | 96.8 | 96.2 |
| Housing (rents) | 99.1 | 98.8 |
| Utilities | 89.2 | 88.5 |
| Other services | 98.6 | 98.9 |
| Category | Richmond | Pensacola | Pensacola vs Richmond |
|---|---|---|---|
| All items | 97.9 | 97.7 | −0.1% |
| Goods | 96.8 | 96.2 | −0.6% |
| Housing (rents) | 99.1 | 98.8 | −0.4% |
| Utilities | 89.2 | 88.5 | −0.8% |
| Other services | 98.6 | 98.9 | +0.3% |
| Typical asking rent | $1,706 | $1,735 | +1.7% |
| Typical home value | $392,000 | $309,000 | −21.2% |
| Salary to match $75,000 in Richmond | $75,000 | $74,900 | −0.1% |
Index values: BEA, 2024, US = 100. Rent and home values: Data Provided by Zillow Group, September 2026.
How the gap has changed since 2008
The price gap between Richmond and Pensacola has narrowed since 2008: 1.7 points then, 0.1 now
Overall price level each year, 2008–2024. US average = 100.
- Richmond, VA
- Pensacola, FL
US average = 100
Source: U.S. Bureau of Economic Analysis, Regional Price Parities by metropolitan area, 2024 (US = 100).
Show the numbers
| Richmond, VA | Pensacola, FL | |
|---|---|---|
| 2008 | 98.1 | 96.4 |
| 2009 | 97.5 | 95.3 |
| 2010 | 98.6 | 96.2 |
| 2011 | 99.4 | 98.7 |
| 2012 | 98.6 | 97.3 |
| 2013 | 98.3 | 96.3 |
| 2014 | 98.5 | 96.9 |
| 2015 | 98.9 | 97.2 |
| 2016 | 99.3 | 97.4 |
| 2017 | 97.8 | 96.6 |
| 2018 | 97.1 | 95.3 |
| 2019 | 95.2 | 93.9 |
| 2020 | 95.9 | 93.3 |
| 2021 | 98.0 | 95.7 |
| 2022 | 97.6 | 95.4 |
| 2023 | 98.3 | 95.8 |
| 2024 | 97.9 | 97.7 |
Goods
- Richmond, VA
- Pensacola, FL
US = 100
Source: U.S. Bureau of Economic Analysis, Regional Price Parities by metropolitan area, 2024 (US = 100).
Show the numbers
| Richmond, VA | Pensacola, FL | |
|---|---|---|
| 2008 | 97.5 | 97.7 |
| 2009 | 95.6 | 95.7 |
| 2010 | 96.7 | 96.9 |
| 2011 | 96.7 | 97.0 |
| 2012 | 96.8 | 97.4 |
| 2013 | 96.7 | 97.2 |
| 2014 | 96.8 | 97.7 |
| 2015 | 96.0 | 97.0 |
| 2016 | 96.7 | 97.2 |
| 2017 | 96.5 | 97.4 |
| 2018 | 95.6 | 95.3 |
| 2019 | 95.1 | 95.3 |
| 2020 | 95.2 | 95.2 |
| 2021 | 96.1 | 95.7 |
| 2022 | 95.5 | 95.0 |
| 2023 | 97.1 | 96.3 |
| 2024 | 96.8 | 96.2 |
Housing (rents)
- Richmond, VA
- Pensacola, FL
US = 100
Source: U.S. Bureau of Economic Analysis, Regional Price Parities by metropolitan area, 2024 (US = 100).
Show the numbers
| Richmond, VA | Pensacola, FL | |
|---|---|---|
| 2008 | 100.3 | 87.2 |
| 2009 | 103.2 | 86.8 |
| 2010 | 101.4 | 86.4 |
| 2011 | 103.5 | 96.6 |
| 2012 | 99.5 | 88.5 |
| 2013 | 99.4 | 86.0 |
| 2014 | 100.3 | 85.7 |
| 2015 | 100.9 | 86.8 |
| 2016 | 98.8 | 86.3 |
| 2017 | 95.8 | 85.5 |
| 2018 | 99.4 | 85.9 |
| 2019 | 95.4 | 86.0 |
| 2020 | 100.8 | 83.7 |
| 2021 | 99.5 | 86.5 |
| 2022 | 98.1 | 84.8 |
| 2023 | 101.0 | 84.7 |
| 2024 | 99.1 | 98.8 |
Utilities
- Richmond, VA
- Pensacola, FL
US = 100
Source: U.S. Bureau of Economic Analysis, Regional Price Parities by metropolitan area, 2024 (US = 100).
Show the numbers
| Richmond, VA | Pensacola, FL | |
|---|---|---|
| 2008 | 87.4 | 98.3 |
| 2009 | 90.5 | 100.5 |
| 2010 | 91.6 | 97.9 |
| 2011 | 90.8 | 95.7 |
| 2012 | 91.6 | 93.4 |
| 2013 | 89.5 | 91.6 |
| 2014 | 90.8 | 95.8 |
| 2015 | 91.3 | 92.1 |
| 2016 | 89.0 | 87.5 |
| 2017 | 86.0 | 86.2 |
| 2018 | 89.4 | 89.1 |
| 2019 | 92.1 | 90.4 |
| 2020 | 90.5 | 86.9 |
| 2021 | 87.1 | 87.1 |
| 2022 | 89.3 | 91.8 |
| 2023 | 88.8 | 92.7 |
| 2024 | 89.2 | 88.5 |
Other services
- Richmond, VA
- Pensacola, FL
US = 100
Source: U.S. Bureau of Economic Analysis, Regional Price Parities by metropolitan area, 2024 (US = 100).
Show the numbers
| Richmond, VA | Pensacola, FL | |
|---|---|---|
| 2008 | 98.6 | 99.2 |
| 2009 | 97.4 | 98.0 |
| 2010 | 99.4 | 99.4 |
| 2011 | 100.6 | 100.9 |
| 2012 | 100.1 | 100.6 |
| 2013 | 99.7 | 99.7 |
| 2014 | 99.7 | 100.5 |
| 2015 | 100.7 | 101.4 |
| 2016 | 102.0 | 102.2 |
| 2017 | 100.2 | 100.9 |
| 2018 | 98.0 | 98.8 |
| 2019 | 95.4 | 95.9 |
| 2020 | 95.1 | 96.0 |
| 2021 | 99.6 | 99.7 |
| 2022 | 99.6 | 99.9 |
| 2023 | 98.9 | 99.8 |
| 2024 | 98.6 | 98.9 |
Rent and home values
Typical asking rent: $1,735 in Pensacola vs $1,706 in Richmond
Typical asking rent for a new lease, dollars per month. Quarterly.
- Richmond, VA
- Pensacola, FL
- United States
Source: Zillow Observed Rent Index (typical asking rent, all homes, smoothed), through September 2026. Data Provided by Zillow Group.
Show the numbers
| Richmond, VA | Pensacola, FL | United States | |
|---|---|---|---|
| Mar 2015 | $974 | $892 | $1,145 |
| Jun 2015 | $983 | $908 | $1,170 |
| Sep 2015 | $995 | $916 | $1,181 |
| Dec 2015 | $989 | $921 | $1,182 |
| Mar 2016 | $998 | $928 | $1,195 |
| Jun 2016 | $1,018 | $946 | $1,219 |
| Sep 2016 | $1,018 | $955 | $1,225 |
| Dec 2016 | $1,016 | $955 | $1,222 |
| Mar 2017 | $1,034 | $966 | $1,245 |
| Jun 2017 | $1,060 | $985 | $1,270 |
| Sep 2017 | $1,066 | $1,002 | $1,276 |
| Dec 2017 | $1,066 | $1,011 | $1,275 |
| Mar 2018 | $1,088 | $1,023 | $1,296 |
| Jun 2018 | $1,114 | $1,041 | $1,320 |
| Sep 2018 | $1,106 | $1,063 | $1,327 |
| Dec 2018 | $1,114 | $1,067 | $1,329 |
| Mar 2019 | $1,138 | $1,089 | $1,349 |
| Jun 2019 | $1,161 | $1,108 | $1,376 |
| Sep 2019 | $1,157 | $1,128 | $1,383 |
| Dec 2019 | $1,158 | $1,131 | $1,381 |
| Mar 2020 | $1,179 | $1,156 | $1,402 |
| Jun 2020 | $1,198 | $1,175 | $1,406 |
| Sep 2020 | $1,214 | $1,222 | $1,410 |
| Dec 2020 | $1,221 | $1,241 | $1,407 |
| Mar 2021 | $1,251 | $1,286 | $1,443 |
| Jun 2021 | $1,314 | $1,408 | $1,512 |
| Sep 2021 | $1,357 | $1,514 | $1,590 |
| Dec 2021 | $1,383 | $1,527 | $1,622 |
| Mar 2022 | $1,417 | $1,556 | $1,661 |
| Jun 2022 | $1,478 | $1,591 | $1,721 |
| Sep 2022 | $1,508 | $1,615 | $1,748 |
| Dec 2022 | $1,487 | $1,597 | $1,735 |
| Mar 2023 | $1,501 | $1,606 | $1,757 |
| Jun 2023 | $1,526 | $1,626 | $1,785 |
| Sep 2023 | $1,533 | $1,630 | $1,797 |
| Dec 2023 | $1,522 | $1,621 | $1,786 |
| Mar 2024 | $1,557 | $1,640 | $1,807 |
| Jun 2024 | $1,596 | $1,661 | $1,837 |
| Sep 2024 | $1,609 | $1,670 | $1,845 |
| Dec 2024 | $1,609 | $1,650 | $1,836 |
| Mar 2025 | $1,628 | $1,663 | $1,860 |
| Jun 2025 | $1,656 | $1,685 | $1,880 |
| Sep 2025 | $1,665 | $1,692 | $1,881 |
| Dec 2025 | $1,656 | $1,690 | $1,873 |
| Mar 2026 | $1,686 | $1,706 | $1,894 |
| Jun 2026 | $1,711 | $1,731 | $1,921 |
| Sep 2026 | $1,706 | $1,735 | $1,932 |
Typical home value: $309,000 in Pensacola vs $392,000 in Richmond
Typical home value, dollars. Quarterly.
- Richmond, VA
- Pensacola, FL
- United States
Source: Zillow Home Value Index (typical home value, middle tier, smoothed, seasonally adjusted), through September 2026. Data Provided by Zillow Group.
Show the numbers
| Richmond, VA | Pensacola, FL | United States | |
|---|---|---|---|
| Mar 2015 | $201K | $146K | $189K |
| Jun 2015 | $203K | $149K | $192K |
| Sep 2015 | $206K | $151K | $195K |
| Dec 2015 | $209K | $152K | $199K |
| Mar 2016 | $212K | $154K | $202K |
| Jun 2016 | $214K | $156K | $204K |
| Sep 2016 | $217K | $159K | $206K |
| Dec 2016 | $220K | $161K | $209K |
| Mar 2017 | $224K | $163K | $213K |
| Jun 2017 | $226K | $167K | $216K |
| Sep 2017 | $229K | $170K | $219K |
| Dec 2017 | $232K | $174K | $223K |
| Mar 2018 | $235K | $177K | $227K |
| Jun 2018 | $238K | $180K | $230K |
| Sep 2018 | $241K | $183K | $234K |
| Dec 2018 | $243K | $186K | $236K |
| Mar 2019 | $247K | $189K | $239K |
| Jun 2019 | $250K | $193K | $242K |
| Sep 2019 | $252K | $196K | $244K |
| Dec 2019 | $256K | $201K | $247K |
| Mar 2020 | $260K | $206K | $252K |
| Jun 2020 | $262K | $210K | $255K |
| Sep 2020 | $268K | $217K | $260K |
| Dec 2020 | $279K | $227K | $271K |
| Mar 2021 | $291K | $237K | $282K |
| Jun 2021 | $303K | $250K | $296K |
| Sep 2021 | $309K | $262K | $306K |
| Dec 2021 | $313K | $271K | $314K |
| Mar 2022 | $327K | $286K | $330K |
| Jun 2022 | $341K | $303K | $346K |
| Sep 2022 | $347K | $307K | $348K |
| Dec 2022 | $348K | $305K | $345K |
| Mar 2023 | $349K | $306K | $343K |
| Jun 2023 | $357K | $308K | $347K |
| Sep 2023 | $362K | $311K | $352K |
| Dec 2023 | $364K | $312K | $354K |
| Mar 2024 | $368K | $312K | $357K |
| Jun 2024 | $375K | $314K | $361K |
| Sep 2024 | $377K | $313K | $361K |
| Dec 2024 | $380K | $310K | $363K |
| Mar 2025 | $381K | $308K | $364K |
| Jun 2025 | $381K | $306K | $362K |
| Sep 2025 | $382K | $304K | $362K |
| Dec 2025 | $386K | $305K | $364K |
| Mar 2026 | $389K | $308K | $366K |
| Jun 2026 | $390K | $309K | $365K |
| Sep 2026 | $392K | $309K | $366K |
More about each city
- Cost of living in Richmond, VA
- Cost of living in Pensacola, FL
- Reverse: moving from Pensacola to Richmond
Related comparisons
What this comparison leaves out
- Taxes. State and local income, sales and property taxes can change the result a lot, especially between states.
- Neighborhoods. These are metro-wide averages; a city center and its outer suburbs can differ by more than two metros do.
- Your own spending mix. The default uses an average household. Use the housing slider above if rent is a bigger share of your budget.
- Timing. BEA price levels are for 2024; Zillow figures are monthly and newer.