Florence, Alabama (zip code 35634) is an ideal place to live due to its affordability. The average 2 bedroom rent in Florence is approximately $930, significantly cheaper than the US average of $1,430. Not only are housing costs reasonable, but the grocery cost index in Florence is also lower than the national average at 97 versus 100. This makes day-to-day life more affordable for residents of Florence. Additionally, Florence has a variety of local businesses and attractions that make it a great place to live. Some of these companies and attractions include Keg & Barrel Brewing Company, Wildwood Park, McFarland Park and LaFama Bakery. Whether you're looking for outdoor recreation or delicious food and drinks, Florence has something for everyone!
Florence (zip 35634) has an unemployment rate of 3.2%. The US average is 6.0%.
Florence (zip 35634) has seen the job market decrease by -3.5% over the last year. Future job growth over the next ten years is predicted to be 27.4%, which is lower than the US average of 33.5%.
Tax Rates for Florence (zip 35634)
- The Sales Tax Rate for Florence (zip 35634) is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Florence (zip 35634) is 5.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Florence (zip 35634)
- The average income of a Florence (zip 35634) resident is $37,446 a year. The US average is $37,638 a year.
- The Median household income of a Florence (zip 35634) resident is $73,188 a year. The US average is $69,021 a year.