Florence, South Carolina gets a BestPlaces Cost of Living index of 79.6, which means the total cost of housing, food, child care, transportation, health care, taxes, and other necessities is 20.4 percent lower than the U.S. average and 10.9 percent higher than the average for South Carolina.
A typical home costs $197,600, which is 41.6 percent less expensive than the national average of $338,100 and 24.0 percent less expensive than the average South Carolina home, at $259,900. Renting a two-bedroom unit in Florence costs $1,000 per month, which is 30.1 percent cheaper than the national average of $1,430 and 11.0 percent cheaper than the state average of $1,110.
To live comfortably in Florence, South Carolina, a minimum annual income of $37,800 for a family, and $30,400 for a single person is recommended.
Our cost of living indices are based on a US average of 100. An amount below 100 means Florence is cheaper than the US average. A cost of living index above 100 means Florence, South Carolina is more expensive.
Florence cost of living is 79.6