Florence, Kentucky (41042) has a great cost of living compared to the US. The average 2 bedroom rent in Florence is $1,190 per month, which is $240 less than the US average of $1,430 per month. Grocery costs in Florence are also lower compared to the US national average with a grocery cost index of 98 versus 100 nationwide. This makes Florence an attractive destination for those looking to save money on rent and groceries. Aside from this great cost of living, Florence also boasts plenty of local businesses such as The Shoppes at Florence Mall, Bigg's Hypermarket, and Great Clips.
Florence (zip 41042) has an unemployment rate of 4.3%. The US average is 6.0%.
Florence (zip 41042) has seen the job market increase by 1.9% over the last year. Future job growth over the next ten years is predicted to be 40.0%, which is higher than the US average of 33.5%.
Tax Rates for Florence (zip 41042)
- The Sales Tax Rate for Florence (zip 41042) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Florence (zip 41042) is 9.3%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Florence (zip 41042)
- The average income of a Florence (zip 41042) resident is $27,419 a year. The US average is $28,555 a year.
- The Median household income of a Florence (zip 41042) resident is $68,684 a year. The US average is $69,021 a year.