Cost of Living in Florence, NJ
Population 5,027 · New Jersey · Data vintage 2023
(100 = US avg)
Florence sits on the smaller end of the New Jersey city distribution. That scale shapes the housing market, the labor pool, and the services available to residents in ways the data below makes visible. At 6.6%, the local unemployment rate runs well above the US figure, pointing to structural rather than cyclical labor-market issues.
Located 20 miles east of Philadelphia, Florence falls within that metro's commuting orbit. Median home values run roughly 16% higher than Philadelphia's $232,000.
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 $270,100 — 11% below the national median of $305,000. Median rent runs $1,247/month, 5% lower than the national median of $1,314/month. The median household income of $99,020/year is 33% higher than the US median of $74,580. The local unemployment rate is 6.6%, above the national average of 4.8%. New Jersey's top state income tax rate is 10.8% and the combined sales tax is 6.6%. The climate averages highs of 63.4°F and lows of 44.8°F, with about 26.6" of annual snowfall. Overall, Florence has a cost of living index of 91 versus the US average of 100, meaning it is 9% 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
🌤 Climate
NOAA 1991–2020 Climate Normals
| Month | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| High °F | 40 | 43 | 51 | 63 | 72 | 81 | 86 | 84 | 77 | 66 | 55 | 44 |
| Low °F | 24 | 26 | 33 | 42 | 52 | 61 | 67 | 65 | 58 | 46 | 36 | 29 |
| Precip" | 3.29 | 2.65 | 4.00 | 3.63 | 3.99 | 4.35 | 4.42 | 4.22 | 4.05 | 3.79 | 3.20 | 4.04 |
| Snow" | 8.2 | 8.7 | 4.0 | 0.5 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.1 | 0.5 | 4.6 |
🏫 Schools
NCES CCD 2019 — public school district data
Frequently Asked Questions
What is the cost of living in Florence, NJ?
Florence has a cost index of 91 (100 = national average). It is 9% below the national average.
What is average rent in Florence, NJ?
The median gross rent in Florence is $1,247 per month based on 2023 Census data.
What is the average home price in Florence?
The median home value in Florence is $270,100 according to Zillow and Census data.
What is the median income in Florence?
The median household income in Florence is $99,020 per year (2023 ACS 5-year estimates).
What is the sales tax in Florence, NJ?
The combined state and local sales tax rate in Florence is 6.6%. The New Jersey state income tax top rate is 10.8%.
Is Florence, NJ affordable?
Florence is near the national average in terms of cost of living, with an index of 91 (100 = US average).
What is the weather like in Florence?
Florence has average high temperatures of 63.4°F and average lows of 44.8°F. Annual precipitation is 45.6". Average annual snowfall is 26.6". Data from NOAA 1991–2020 Climate Normals.
Florence at a Glance
- Population
- 5,027
- Median Income
- $99,020
- Home Value
- $270,100
- Median Rent
- $1,247/mo
- Unemployment
- 6.6%
- Avg High Temp
- 63.4°F
- Sales Tax
- 6.6%
Nearby Cities
Explore county-level cost of living data
New Jersey Rankings
Similar Cost Cities
Cities in other states with comparable housing costs