Housing costs in Florence?
A typical home costs
$219,400, which is 35.1% less expensive than the national average of
$338,100 and 41.3% more expensive than the average Mississippi home, at
$155,300. Renting a two-bedroom unit in Florence costs
$960 per month, which is 32.9% cheaper than the national average of
$1,430 and 7.3% more than the state average of
$890.
Can I afford Florence?
To live comfortably in Florence, Mississippi, a minimum annual income of
$42,120 for a family, and
$32,800 for a single person is recommended.
What does A.I. say about Florence?
The cost of living in Florence, MS is quite affordable. The median home cost is just over $90,000, which is considerably less than the median national home cost. Additionally, the average monthly rental price for a one-bedroom apartment is around $450 per month. Groceries and other necessities are also competitively priced in Florence, making it an attractive place to live for those on a tight budget. Property taxes are also lower than average, making it even more economical to purchase a home in Florence.