Florence, IN 47020 is a great place to live in. The 2 Bedroom Rent in this area is $770, which is substantially lower than the US average of $1,430. Grocery Cost Index for the area is 97 versus 100 in the US, making it an affordable place to live. Florence has many local businesses such as Gibson's Bakery, Foodtown Supermarket, and Florence Beauty Salon & Spa that cater to the needs of its citizens. Although prices are lower than those found in the US on average, Florence offers a quality of life that may be hard to find anywhere else. With its charming small-town feel and close proximity to larger cities like Cincinnati and Indianapolis, there is something for everyone here!
Florence (zip 47020) has an unemployment rate of 5.1%. The US average is 6.0%.
Florence (zip 47020) has seen the job market increase by 2.1% over the last year. Future job growth over the next ten years is predicted to be 34.9%, which is higher than the US average of 33.5%.
Tax Rates for Florence (zip 47020)
- The Sales Tax Rate for Florence (zip 47020) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Florence (zip 47020) is 4.2%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Florence (zip 47020)
- The average income of a Florence (zip 47020) resident is $16,326 a year. The US average is $28,555 a year.
- The Median household income of a Florence (zip 47020) resident is $58,289 a year. The US average is $69,021 a year.