Housing costs in Florence?
A typical home costs
$252,800, which is 25.2% less expensive than the national average of
$338,100 and 52.0% less expensive than the average Colorado home, at
$527,200. Renting a two-bedroom unit in Florence costs
$1,040 per month, which is 27.3% cheaper than the national average of
$1,430 and 58.7% cheaper than the state average of
$1,650.
Can I afford Florence?
To live comfortably in Florence, Colorado, a minimum annual income of
$48,600 for a family, and
$31,600 for a single person is recommended.
What does A.I. say about Florence?
The cost of living in Florence, CO is slightly above the national average. According to BestPlaces.net, the cost of housing is about 4% higher than the U.S. average and the overall cost of living is 6% higher than the national average. Despite it being more expensive than other areas, Florence remains an affordable city with a median household income of $55,521, which is lower than the Colorado state median at $67,438. Additionally, rental costs remain relatively low making it an affordable option for those looking to relocate to Florence without committing to home ownership.