Housing costs in Florence?
A typical home costs
$193,200, which is 42.9% less expensive than the national average of
$338,100 and 12.8% less expensive than the average Indiana home, at
$221,600. Renting a two-bedroom unit in Florence costs
$770 per month, which is 46.2% cheaper than the national average of
$1,430 and 27.3% cheaper than the state average of
$980.
Can I afford Florence?
To live comfortably in Florence, Indiana, a minimum annual income of
$37,080 for a family, and
$23,600 for a single person is recommended.
What does A.I. say about Florence?
The cost of living in Florence, IN is relatively affordable compared to other cities in the United States. According to a recent report from BestPlaces, the cost of living index in Florence is 79.55 which is lower than the national average of 100. This means that general living expenses such as groceries, transportation and utilities are less expensive in Florence than average for the rest of the country. Additionally, housing costs are generally quite low with median home values coming in at around $117,700 according to Zillow – making it an attractive option for those looking to buy a home with their family.