Housing costs in Florence?
A typical home costs
$200,200, which is 40.8% less expensive than the national average of
$338,100 and 23.0% less expensive than the average South Carolina home, at
$259,900. Renting a two-bedroom unit in Florence costs
$1,050 per month, which is 5.4% cheaper than the national average of
$1,110 and 15.2% more than the state average of
$890.
Can I afford Florence?
To live comfortably in Florence (zip 29505), South Carolina, a minimum annual income of
$38,520 for a family, and
$32,000 for a single person is recommended.
What does A.I. say about Florence?
The cost of living in 29505 Florence, SC is relatively low compared to other cities around the country. According to the ACCRA Cost of Living Index, an index that measures the cost of living in metropolitan areas across the country, Florence ranks below the national average when it comes to cost of living. The median home value in Florence is $109,000, which is significantly lower than the U.S. median home value of $216,200. Renting is also much more affordable here than many other cities; with the median rent price being just $706 per month. Moreover, food and groceries are also quite affordable in Florence and are 13% cheaper than the national average. All in all, residents of this area have plenty of options when it comes to finding affordable housing and goods at a reasonable price.