Housing costs in Florence?
A typical home costs
$173,700, which is 48.6% less expensive than the national average of
$338,100 and 18.8% less expensive than the average Alabama home, at
$214,000. Renting a two-bedroom unit in Florence costs
$830 per month, which is 42.0% cheaper than the national average of
$1,430 and 13.3% cheaper than the state average of
$940.
Can I afford Florence?
To live comfortably in Florence, Alabama, a minimum annual income of
$33,120 for a family, and
$25,200 for a single person is recommended.
What does A.I. say about Florence?
The cost of living in Florence, AL is relatively low compared to other cities in the United States. According to the US Census Bureau, the median household income here is $36,766 and the estimated median house or apartment rent is around $622 per month. The city has a very affordable housing market with a variety of options available. Additionally, utilities such as electricity and gas are also quite reasonably priced. All these factors make living in Florence a great choice for people looking for an affordable place to live without compromising on quality.