Cost of Living

Ranked #71 for the cost of doing business by Forbes, the Pensacola Region has lower-than-average tax rates and a cost of living 1.3% lower than the national average.

Pensacola’s progressive legislation ensures that the region will remain a magnet for existing and expanding businesses.

• No corporate income tax on limited partnerships
• No corporate income tax on subchapter S-corporations
• No state personal income tax, guaranteed by constitutional provision
• No corporate franchise tax on capital stock
• No state-level property tax assessed
• No property tax on business inventories
• No property tax on goods-in-transit for up to 180 days
• No sales and use tax on goods manufactured or produced in Florida for export outside the state
• No sales tax on purchases of raw materials incorporated in a final product for resale, including non-reusable containers or packaging
• No sales and use tax on co-generation of electricity