Pensacola, Florida (with a population of over 53,000) is the westernmost city in the Florida Panhandle, the county seat of Escambia County, and the main city of the Pensacola Metropolitan area (with over 460,000 residents). Its most famous nickname is the “City of Five Flags” — having been claimed at one point by Spain, Great Britain, the Confederate States of America, the United States, or France. The climate of Pensacola is humid subtropical with short, mild winters and hot, humid summers. Because of its location on the coast, temperatures of over 100 degrees are rare. This climate lends itself to lots of outdoor activity and sun worshipping.
EMPLOYMENT — There is an even mix of white-collar and blue-collar jobs, so employment opportunities are numerous. Major industries include Healthcare, Retail, Hotels, Education, Scientific and Technical, Construction, and Finance. Military workers are also a presence in Pensacola since the Naval Air Station Pensacola is a major training center. The education and per capita income levels for Pensacola residents are notably higher than the state and national averages. Medical care outlets are numerous, with over six hospitals — and tourism is a buzzing daily business. Some of the major employers in Pensacola include the Naval Air Station, Sacred Heart Health System, West Florida Hospital and Baptist Hospital, Pensacola International Airport, the University of West Florida, Navy Federal Credit Union, GE Energy and Gulf Power Company. Median household income is approximately $45,000, median home price is approximately $150,000, and the cost of living in Pensacola is almost two percent lower than the national average — so Pensacola is an economically smart place to live.
LIFESTYLE — In terms of education, Pensacola is a great place to raise a family, with strong K-12 schools, two colleges and a university. It’s also a good place to be single, with a large number of young, single, educated and upwardly-mobile types. There are lots of opportunities for nightlife, without the hassle that comes with really large urban centers. Of course the beach life, the watersports, and the fishing (both salt and freshwater) make for excitement for both families, young singles (and older singles). Also, Pensacola is a major site for the Spring Break crowd in March, so get ready to party (but not too hard).
REAL ESTATE — Real Estate prices range from the high-end market of Perdido Key, Gulf Beach Heights, and the historic districts to more affordable buying opportunities sprinkled through the central city. The median home value is $150,000 and the median rental price is $690. In a city this size, there is a real estate price to meet every need.
INTERESTING FACT — Florida’s first chapter of B’nai Brith was founded in Pensacola’s downtown area in 1874, and also the first US temple, Beth-El, in 1876. Paula Ackerman, first woman to perform as a rabbi in the USA, was a native of Pensacola.
©2015 Northwest Florida Investments.