Florence, MT is a small town located in Ravalli County. It offers its residents affordable living costs with 2 bedroom rents in the area averaging $1,260 per month, lower than the US average of $1,430 per month. The grocery cost index in Florence is also relatively low at 105 versus 100 for the national average. Local companies and services include Carroll College, Bitterroot Valley Veterinary Clinic, and Florence Pizza & Subs. The town also offers many outdoor activities due to its proximity to Bitterroot National Forest and nearby rivers like the Clark Fork River. Additionally, the local economy is thriving thanks to employers such as DCL Logging Inc., S&K Technologies, and Montanore Mines.
Florence has an unemployment rate of 4.8%. 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 34.5%, which is higher than the US average of 33.5%.
Tax Rates for Florence
- The Sales Tax Rate for Florence is 0.0%. The US average is 7.3%.
- The Income Tax Rate for Florence is 6.9%. 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 $24,027 a year. The US average is $28,555 a year.
- The Median household income of a Florence resident is $55,353 a year. The US average is $69,021 a year.