Cocoa, FL vs Pensacola, FL

Cocoa, FL and Pensacola, FL have a very similar cost of living, with only a 4.3% difference in their overall index. Cocoa scores 89 while Pensacola scores 93 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.

On the housing front, median rent in Cocoa is $1,180/month compared to $1,209/month in Pensacola — a 2% difference. Home values follow the same pattern: Cocoa is more affordable at $215,700 median vs $276,500.

Median household income in Cocoa is $56,553 compared to $72,699 in Pensacola (-22.2%). While Pensacola is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Cocoa spend roughly 25% of their income on rent, more than the 20% in Pensacola.