CostByCity

Cost of Living in Florence, AL

2024 data from the Bureau of Economic Analysis

Cost Index
84.8
15.2% below avg
Housing Index
47.7
Median Income
$56,113
Median Rent
$787/mo

Cost Breakdown

Overall84.8 (-15.2%)
Housing47.7 (-52.3%)
Goods96.4 (-3.6%)
Utilities85.8 (-14.2%)
Other Services96.7 (-3.3%)

National average = 100

Income & Housing

Median Household Income
$56,113/year
Median Home Value
$164,400
Median Monthly Rent
$787/mo
Per Capita Income
$31,940/year

Compare Florence, AL With

Florence, AL vs Shreveport, LAFlorence, AL vs Houma, LAFlorence, AL vs Hammond, LAFlorence, AL vs Enid, OK *Florence, AL vs Wildwood, FLFlorence, AL vs Jackson, TNFlorence, AL vs Texarkana, TXFlorence, AL vs Gadsden, ALFlorence, AL vs Alexandria, LAFlorence, AL vs Joplin, MO

Frequently Asked Questions

Is Florence, AL expensive to live in?
Florence, AL has a cost of living index of 84.8, which is 15.2% below the national average.
How much does housing cost in Florence, AL?
Housing costs in Florence, AL are indexed at 47.7 compared to the national average of 100. The median monthly rent is $787.
What is the average income in Florence, AL?
The median household income in Florence, AL is $56,113 per year.
What is the average home price in Florence, AL?
The median home value in Florence, AL is $164,400.