Housing costs in Florence?
A typical home costs
$216,100, which is 36.1% less expensive than the national average of
$338,100 and 1.0% more expensive than the average Alabama home, at
$214,000. Renting a two-bedroom unit in Florence costs
$950 per month, which is 1.1% more than the national average of
$940 and 14.7% more than the state average of
$810.
Can I afford Florence?
To live comfortably in Florence (zip 35633), Alabama, a minimum annual income of
$41,400 for a family, and
$28,800 for a single person is recommended.
What does A.I. say about Florence?
The cost of living in Florence, AL (35633) is quite affordable. According to the most recent Cost of Living Index, the city has an overall score of 88.2, which is lower than both the state's average (90) and the national average (100). This means that residents can enjoy the same quality of life as most people in Alabama or around the country, but at a fraction of the cost. The low housing costs are particularly attractive; median home prices are around $128,000 and rent averages just under $900 per month for a one-bedroom apartment. Grocery costs are also below average, with a grocery basket costing about 11% less than the national average. It's easy to see why many people choose to make Florence their home - it offers plenty of opportunities at an affordable price.