Housing costs in Florence?
A typical home costs
$229,600, which is 32.1% less expensive than the national average of
$338,100 and 18.2% more expensive than the average Kentucky home, at
$194,300. Renting a two-bedroom unit in Florence costs
$1,190 per month, which is 29.3% more than the national average of
$920 and 8.4% more than the state average of
$1,090.
Can I afford Florence?
To live comfortably in Florence (zip 41042), Kentucky, a minimum annual income of
$43,920 for a family, and
$36,800 for a single person is recommended.
What does A.I. say about Florence?
The cost of living in 41042 Florence, KY is relatively low and affordable. The median home value is approximately $163,700 and the median monthly rent is around $972. This makes it an attractive option for those looking to buy or rent property without breaking the bank. The overall cost of living in the area is 10% lower than the national average, making it a great choice for budget-conscious individuals and families. Taxes are relatively low in the area too, with an effective tax rate of just 6.9%. All this helps to make 41042 Florence, KY a very favorable place to live without spending too much money.