Florence, CO is an attractive city for many people due to its low cost of living. Rent for a two bedroom apartment in Florence is around $1,040 in comparison to the US average of $1,430. The grocery cost index for Florence is also lower than the US average at 98 versus 100. This makes it easier to afford living expenses and save money while still enjoying all that Florence has to offer. In terms of local businesses, there are many stores and restaurants such as The Bean Plant Cafe, Yum Yums Home Cooking and Bakery, Kims Cuts & Stylez LLC, Family Dollar Store, and 7-Eleven. There are also several doctors' offices and gyms like Total Care Wellness Center or Gold's Gym to choose from so residents can take advantage of great services without traveling too far.
Florence has an unemployment rate of 8.4%. The US average is 6.0%.
Florence has seen the job market increase by 1.6% over the last year. Future job growth over the next ten years is predicted to be 38.1%, which is higher than the US average of 33.5%.
Tax Rates for Florence
- The Sales Tax Rate for Florence is 7.9%. The US average is 7.3%.
- The Income Tax Rate for Florence is 4.6%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Florence
- The average income of a Florence resident is $18,445 a year. The US average is $28,555 a year.
- The Median household income of a Florence resident is $53,788 a year. The US average is $69,021 a year.