Housing costs in Florence?
A typical home costs
$197,600, which is 41.6% less expensive than the national average of
$338,100 and 24.0% less expensive than the average South Carolina home, at
$259,900. Renting a two-bedroom unit in Florence costs
$1,000 per month, which is 30.1% cheaper than the national average of
$1,430 and 11.0% cheaper than the state average of
$1,110.
Can I afford Florence?
To live comfortably in Florence, South Carolina, a minimum annual income of
$37,800 for a family, and
$30,400 for a single person is recommended.
What does A.I. say about Florence?
The cost of living in Florence, SC is generally slightly below the national average. Housing prices are relatively low in comparison to other cities in South Carolina, making it an attractive option for families and individuals looking to move to a more affordable area. The city has a low unemployment rate and a stable economic climate, making it an ideal place to live for those looking to avoid the high costs associated with larger metropolitan areas. Local restaurants and entertainment venues offer a range of options at reasonable prices, while groceries are also cheaper than the national average. In sum, Florence's cost of living is slightly lower than the national average, making it a great choice for those seeking an affordable lifestyle.