Housing costs in Florence?
A typical home costs
$236,400, which is 30.1% less expensive than the national average of
$338,100 and 21.7% more expensive than the average Kentucky home, at
$194,300. Renting a two-bedroom unit in Florence costs
$1,270 per month, which is 11.2% cheaper than the national average of
$1,430 and 27.6% more than the state average of
$920.
Can I afford Florence?
To live comfortably in Florence, Kentucky, a minimum annual income of
$45,360 for a family, and
$39,200 for a single person is recommended.
What does A.I. say about Florence?
Florence, KY is an affordable place to live. The cost of living index is 97.4, which is slightly lower than the national average of 100. The median home price in Florence, KY is $164,400 and the median rent for a two-bedroom apartment is $865 per month. Utility costs are low compared to other parts of the country and groceries tend to be reasonably priced as well. Overall, Florence offers a reasonable cost of living that allows residents to obtain more value for their money than other larger cities.