Cost of Living in Florence, SC
2024 data from the Bureau of Economic Analysis
Cost Index
86.8
13.2% below avg
Housing Index
52.4
Median Income
$52,401
Median Rent
$848/mo
Cost Breakdown
Overall86.8 (-13.2%)
Housing52.4 (-47.6%)
Goods96.3 (-3.7%)
Utilities87.7 (-12.3%)
Other Services98.3 (-1.7%)
National average = 100
Income & Housing
Median Household Income
$52,401/year
Median Home Value
$150,300
Median Monthly Rent
$848/mo
Per Capita Income
$30,130/year
Compare Florence, SC With
Frequently Asked Questions
Is Florence, SC expensive to live in?
Florence, SC has a cost of living index of 86.8, which is 13.2% below the national average.
How much does housing cost in Florence, SC?
Housing costs in Florence, SC are indexed at 52.4 compared to the national average of 100. The median monthly rent is $848.
What is the average income in Florence, SC?
The median household income in Florence, SC is $52,401 per year.
What is the average home price in Florence, SC?
The median home value in Florence, SC is $150,300.