Overall 15%
Goods & Services 4%
Housing 34%
Date & Last Updated: This data reflects 2019 and was released from C2ER in January, 2020; this is the most current data available.
The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Cost of living8589100
Goods & Services9698100
Health care7791100

Key findings

  • The cost of living in Florence is 5% lower than the Alabama average
  • The cost of living in Florence is 15% lower than the national average
  • Florence housing is 34% lower than the national average
  • Alabama general sales tax is 21% lower than the national average
  • Alabama state income tax is 10% lower than the national average

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Compare Florence, AL Cost of Living

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      Price difference in compared to
      Cost of living index
      Goods & Services index
      Groceries index
      Health care index
      Housing index
      Transportation index
      Utilities index

      Median Income & Debt-To-Income Ratio

      Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
      The percentage of monthly income spent on housing related expenses can help predict the affordability of housing in Florence, AL, as well as what the overall cost of living might be. Generally, a good rule to follow is that the debt-to-income (DTI) level you want to maintain is 28 percent or less of your income on your rent or mortgage payments and not more than 36 percent of income on all expenses and debts. In Florence, homeowners have a median income of $53,063. Using that number, a maximum of $1,238 per month should be allocated to housing expenses. For those who are renting instead of owning, the median income is $20,222, which means there is a maximum of $472 to be spent on the costs of renting a home or apartment.

      Alabama Sales Tax

      StateGeneral Sales TaxWith Max Surtax

      Alabama Income Tax

      StateIncome Tax (Low)Income Tax (High)

      Goods & Services

      ItemFlorenceNational avg.Difference
      Haircut $14.10$17.4919.4%
      Beauty Salon $29.40$38.1723.0%
      Toothpaste $2.06$2.3211.2%
      Shampoo $1.17$1.0115.6%
      Movie $13.13$10.7222.4%
      Bowling $15.00$13.868.2%


      ItemFlorenceNational avg.Difference
      Ground Beef $2.74$3.9029.7%
      Fried Chicken $1.33$1.404.7%
      Milk $1.51$1.9623.0%
      Potatoes $2.10$3.1834.0%
      Pizza $9.94$10.394.4%
      Beer $9.33$9.231.1%

      Health Care

      ItemFlorenceNational avg.Difference
      Optometrist $75.60$106.3428.9%
      Doctor $70.00$115.2539.3%
      Dentist $71.00$98.3827.8%
      Ibuprofen $8.82$9.264.8%
      Lipitor $471.68$466.471.1%


      ItemFlorenceNational avg.Difference
      Home Price $126,000.00$184,700.0031.8%
      Avg. Mortgage Payment $966.05$1,273.3224.1%
      Apartment Rent $582.00$949.0038.7%


      ItemFlorenceNational avg.Difference
      Gasoline $2.39$2.597.9%
      Tire Balancing $42.60$48.9012.9%


      ItemFlorenceNational avg.Difference
      All Electricity$168.39$167.600.5%
      Phone $178.98$163.429.5%
      Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

      Nearby cities with low cost of living

      City, StatePopulationCost of Living IndexNational Avg.
      Leighton, AL93477-23%
      Sheffield, AL9,06781-19%
      Littleville, AL1,04582-18%
      Tuscumbia, AL8,50683-17%
      Underwood-Petersville, AL3,72384-16%
      Florence, AL39,93885-15%

      Cities with similar population

      City, StatePopulationCost of Living IndexNational Avg.
      Linton Hall, VA40,02614545%
      Norwich, CT40,0571099%
      New Berlin, WI39,8071044%
      La Quinta, CA39,80113434%
      Meridian, MS40,09482-18%
      Florence, AL39,93885-15%
      Source: The Florence, AL cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2019.