Florence, AZ is an affordable place to live compared to the national average. Currently, 2 bedroom rent in Florence is $1,600, whereas the US 2 bedroom rent is $1,430. Additionally, Florence's grocery cost index is 96 compared to 100 in the US. As such, Florence provides a great balance between affordability and quality of living. The city has many local businesses and attractions that residents can enjoy. Some of the top companies in Florence include Walmart, Target, and Lowe's Home Improvement Store. There are also a variety of attractions including the nearby Copper Sky Recreation Complex which offers swimming pools, sports fields, and playgrounds; Wild Horse Pass Motorsports Park for car racing; and Casa Grande Art Museum to explore the art scene in town.
Florence has an unemployment rate of 7.3%. The US average is 6.0%.
Florence has seen the job market increase by 3.1% over the last year. Future job growth over the next ten years is predicted to be 11.5%, which is lower than the US average of 33.5%.
Tax Rates for Florence
- The Sales Tax Rate for Florence is 6.7%. The US average is 7.3%.
- The Income Tax Rate for Florence is 4.2%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Florence
- The average income of a Florence resident is $13,286 a year. The US average is $28,555 a year.
- The Median household income of a Florence resident is $63,072 a year. The US average is $69,021 a year.