Cost of Living in Ferry Pass, FL

With a cost of living index of 94, Ferry Pass, FL is slightly more affordable than average. Living here is 6% cheaper than the national average and 17% below the Florida state average of 110. With a population of 30,467, Ferry Pass is a mid-sized community that balances access to services with a more manageable cost of living compared to larger metros.

Housing costs are the biggest factor in Ferry Pass's cost of living. The median monthly rent is $1,322 (0% below the US median of $1,319), and the median home value sits at $243,600 (20% below the national median of $304,900). At current prices, the median home costs roughly 3.8x the median household income — a moderately affordable ratio by today's standards.

The median household income in Ferry Pass is $64,368, which is 14% lower than the national median of $75,149. Residents spend roughly 25% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum. Lower incomes here are balanced by the significantly lower cost of living, stretching each dollar further.

Everyday prices in the Pensacola-Ferry Pass-Brent, FL (Metropolitan Statistical Area) metro area are generally below the national average. Out of 6 common items tracked by the Bureau of Labor Statistics, 6 are priced lower than the US average. These real-world prices — from groceries to electricity — add up and should be factored into any cost of living comparison.

Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.