Florence, NY is a small town located in Oneida County near Utica. The rent for two bedroom apartment is $950, which is much lower than the US average of $1,430. In terms of grocery costs, Florence has an index of 98 compared to 100 for the US. This makes it a great location for people looking for affordable housing and groceries. Florence has many local businesses such as Big Apple IGA, Five Star Bank, P&C Markets and Kowalski's Pizza.
Florence has an unemployment rate of 6.7%. The US average is 6.0%.
Florence has seen the job market decrease by -4.7% over the last year. Future job growth over the next ten years is predicted to be 21.5%, which is lower than the US average of 33.5%.
Tax Rates for Florence
- The Sales Tax Rate for Florence is 8.8%. The US average is 7.3%.
- The Income Tax Rate for Florence is 6.5%. 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 $27,544 a year. The US average is $37,638 a year.
- The Median household income of a Florence resident is $66,413 a year. The US average is $69,021 a year.