Cost of Living in Florence, AL
Population 41,231 · Alabama · Data vintage 2023
(100 = US avg)
Florence lands reasonably close to national benchmarks on most cost indicators, with a median home value of $174,000 — 43% below the US figure. That makes it a useful reference point for comparing with more extreme markets in Alabama.
Located 55 miles west of Huntsville, Florence is far enough out that local conditions diverge meaningfully from the big-metro baseline. Median home values run roughly 34% lower than Huntsville's $263,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Florence
The median home value in Florence is $174,100 — 43% below the national median of $305,000. Median rent runs $784/month, 40% lower than the national median of $1,314/month. The median household income of $50,396/year is 32% lower than the US median of $74,580. The local unemployment rate is 5.8%, above the national average of 4.8%. Alabama's top state income tax rate is 5.0% and the combined sales tax is 9.2%. The climate averages highs of 71.6°F and lows of 49.8°F. Overall, Florence has a cost of living index of 58 versus the US average of 100, meaning it is 42% less expensive.
🏠 Housing
HUD Fair Market Rents by Bedroom
💰 Estimated Monthly Budget
Estimates based on median data and national averages. Actual costs vary.
🛒 Food & Groceries
National BLS average prices (2023). Local prices may vary.
🚗 Transportation
Commute Mode
⚡ Utilities
📋 Taxes
💼 Income & Employment
🎓 Education
👥 Demographics
🌤 Climate
NOAA 1991–2020 Climate Normals
| Month | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| High °F | 51 | 55 | 64 | 72 | 79 | 87 | 89 | 89 | 84 | 74 | 62 | 54 |
| Low °F | 31 | 35 | 42 | 49 | 57 | 65 | 69 | 68 | 61 | 49 | 39 | 35 |
| Precip" | 4.88 | 5.15 | 5.34 | 5.05 | 4.98 | 4.81 | 5.06 | 4.45 | 3.98 | 3.72 | 4.27 | 5.87 |
Frequently Asked Questions
What is the cost of living in Florence, AL?
Florence has a cost index of 58 (100 = national average). It is 42% below the national average.
What is average rent in Florence, AL?
The median gross rent in Florence is $784 per month based on 2023 Census data.
What is the average home price in Florence?
The median home value in Florence is $174,100 according to Zillow and Census data.
What is the median income in Florence?
The median household income in Florence is $50,396 per year (2023 ACS 5-year estimates).
What is the sales tax in Florence, AL?
The combined state and local sales tax rate in Florence is 9.2%. The Alabama state income tax top rate is 5.0%.
Is Florence, AL affordable?
Yes, Florence is generally considered affordable, with a cost of living index of 58 — about 42% below the US national average of 100.
What is the weather like in Florence?
Florence has average high temperatures of 71.6°F and average lows of 49.8°F. Annual precipitation is 57.6". Data from NOAA 1991–2020 Climate Normals.
Florence at a Glance
- Population
- 41,231
- Median Income
- $50,396
- Home Value
- $174,100
- Median Rent
- $784/mo
- Unemployment
- 5.8%
- Avg High Temp
- 71.6°F
- Sales Tax
- 9.2%
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Alabama Rankings
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