Housing costs in Florence?
A typical home costs
$157,300, which is 53.5% less expensive than the national average of
$338,100 and 49.2% less expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Florence costs
$750 per month, which is 47.6% cheaper than the national average of
$1,430 and 65.3% cheaper than the state average of
$1,240.
Can I afford Florence?
To live comfortably in Florence, Minnesota, a minimum annual income of
$30,240 for a family, and
$25,600 for a single person is recommended.
What does A.I. say about Florence?
The cost of living in Florence, MN is relatively affordable compared to other parts of Minnesota. The city has an overall cost of living index that is 6% lower than the state average and about 8% lower than the national average. Housing costs are also relatively low, with the median price for a home in Florence being $164,400. This is approximately 9% lower than the state average and 15% lower than the national average. Overall, Florence offers a great quality of life at an affordable rate.