Cost of Living in Florence, AL
| Cost of Living in Florence, AL | Compared to State Average | Compared to National Average |
|---|---|---|
| Housing (Buy and Rent) | 1% higher | 36% lower |
| Utilities (Monthly) | 14% lower | 6% lower |
| Food | 0% | 6% lower |
| Healthcare | 2% lower | 17% lower |
| Transportation | 19% lower | 10% lower |
| Goods & Services | 6% lower | 10% lower |
The cost of living in Florence, AL is 6% lower than the state average and 17% lower than the national average. Florence, AL housing is 36% cheaper than the U.S average, while utilities are about 6% less pricey. When it comes to basic necessities such as food and clothing, groceries are around 6% cheaper in Florence, AL than in the rest of the country, while clothing costs around 10% less .
Healthcare services such as doctor check-ups and dentistry cost 17% less here compared to the U.S. average. At the same time, non-necessary expenses such as entertainment and grooming services are 10% cheaper in Florence, AL.
Housing is the most significant expense for most American households. The cost of living in a certain city takes into account both the price of rent and the price of a home. The average monthly rent in Florence is $712, while home prices circle around $341,702.
Both owning and renting come with utility expenses. These costs include basic services such as energy and telecommunications. In Florence, energy bills cost around $180.93 per month.
Food is the most important necessity and its cost varies around the country. This section includes the prices of everyday foods such as produce, meat and dairy. A bottle of milk costs about $4.49 in Florence, a dozen eggs go for around $3.71 and a pound of potatoes circles around $5.06.
The benchmark for this category is based on the prices of family doctor visits and specialized services such as optometry. In Florence, an optometry check-up costs around $80.87, while a dentist appointment is priced $94.28 on average.
Transportation expenses depend on multiple factors, with fuel being the most important. A gallon of gas is priced around $3.14 in Florence, while getting your tires balanced will run you about $52.00.
The cost of clothing tells you how much more or less money you need to buy basic items such as jeans, shirts or slacks in a new city. A men's shirt costs around $30.12 here. Meanwhile, a pair of women's slacks will set you back around $31.41.
The cost of entertainment and everyday services is based on common expenses in each category. For a movie ticket in Florence, you should budget around $13.50 a month. When it comes to personal services, a haircut usually goes for $17.13, while dry cleaning costs about $14.25.
The cost of living also takes median household income into account, so you can estimate how much more or less you could be earning in a new city by comparing it to the income in your current area. In Florence, the median household income is $50,396.