Cost of Living in Florence, CO
Population 3,870 · Colorado · Data vintage 2023
(100 = US avg)
Florence is a smaller Colorado community of around 4000 residents, where median household incomes of $57,239 and housing costs ($228,000 for a typical home) give the local cost-of-living profile a distinctly small-town shape. An unemployment rate of 1.8% points to a labor market well on the tight side of the national distribution.
Located 30 miles west of Pueblo, Florence falls within that metro's commuting orbit. Housing prices track closely with Pueblo's $231,000 median.
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 $228,300 — 25% below the national median of $305,000. Median rent runs $694/month, 47% lower than the national median of $1,314/month. The median household income of $57,239/year is 23% lower than the US median of $74,580. The local unemployment rate is 1.8%, below the national average of 4.8%. Colorado's top state income tax rate is 4.4% and the combined sales tax is 7.8%. Overall, Florence has a cost of living index of 66 versus the US average of 100, meaning it is 34% less expensive.
Florence has limited residential data
Detailed housing and income data is limited for this location. Here are the nearest cities with full cost of living data:
🏠 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
💨 Air Quality
EPA AQS 2023 — county-level monitoring data
Frequently Asked Questions
What is the cost of living in Florence, CO?
Florence has a cost index of 66 (100 = national average). It is 34% below the national average.
What is average rent in Florence, CO?
The median gross rent in Florence is $694 per month based on 2023 Census data.
What is the average home price in Florence?
The median home value in Florence is $228,300 according to Zillow and Census data.
What is the median income in Florence?
The median household income in Florence is $57,239 per year (2023 ACS 5-year estimates).
What is the sales tax in Florence, CO?
The combined state and local sales tax rate in Florence is 7.8%. The Colorado state income tax top rate is 4.4%.
Is Florence, CO affordable?
Yes, Florence is generally considered affordable, with a cost of living index of 66 — about 34% below the US national average of 100.
Florence at a Glance
- Population
- 3,870
- Median Income
- $57,239
- Home Value
- $228,300
- Median Rent
- $694/mo
- Unemployment
- 1.8%
- Sales Tax
- 7.8%
Nearby Cities
Explore county-level cost of living data
Colorado Rankings
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