Florence, SC is an affordable city when it comes to living expenses. The average rent for a two-bedroom apartment in Florence is $1,000 per month which is significantly lower than the national average of $1,430. Additionally, the grocery cost index in Florence is 96 compared to the US average of 100. This makes it easier for people who are on a budget to buy food. Several local companies offer affordable housing options including Eastview Apartments, CitiView Apartments, and Towers at Brandon Square. These are well-maintained and safe complexes located in desirable parts of town making them good choices for those looking for quality yet affordable housing.
Florence has an unemployment rate of 4.8%. The US average is 6.0%.
Florence has seen the job market increase by 0.4% over the last year. Future job growth over the next ten years is predicted to be 29.9%, which is lower than the US average of 33.5%.
Tax Rates for Florence
- The Sales Tax Rate for Florence is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Florence is 7.0%. 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 $25,420 a year. The US average is $28,555 a year.
- The Median household income of a Florence resident is $52,425 a year. The US average is $69,021 a year.