| Index | Florence | Arizona | National |
| Cost of living | 103 | 101 | 100 |
| Groceries | 102 | 101 | 100 |
| Health care | 101 | 101 | 100 |
| Housing | 100 | 96 | 100 |
| Transportation | 100 | 102 | 100 |
| Utilities | 112 | 111 | 100 |
| Lifestyle & Entertainment | 107 | 103 | 100 |
| Household Items | 103 | 101 | 100 |
| Education & Childcare | 107 | 103 | 100 |
Knowing the cost of living in Florence allows individuals to create a realistic budget. This helps them understand how their income will cover expenses and whether they need to make financial adjustments. The cost of living in any region can fluctuate due to various factors. To assess the cost of living consistently across different areas, a national average of 100 serves as the basis for the cost of living index. The cost of living in Florence stands at 103, marking it 3% higher than the national average.
Everyday expenditures like food, housing, lifestyle expenses, transportation and health care in Florence are priced in a manner consistent with other areas. This means that residents of Florence can anticipate their daily expenses remaining reasonably similar to those in an average city, thereby supporting a manageable cost of living.
Locals have the inside scoop on their city. So, we polled 14 residents in Florence to learn how they view the cost of living. We asked how they felt about the cost of living in their area, and if they thought that prices were increasing, decreasing or staying the same. The verdict? 43% find it reasonable with decreasing prices, but 57% think it's quite pricey, with prices that continue to rise.
Is Florence an affordable place to live? That's a valid question to ask when you're thinking about moving to a new city. After all, how much it costs to live somewhere can be a huge factor in your decision. Affordability can be broken down into 3 common categories. The cost of living index (we talked about it earlier), housing expenses and income levels all play a big role in figuring out if a place is affordable. For instance, in Florence, the median home price is 5.1% higher than what most folks pay across the country, and monthly rent prices are 13.4% lower than the usual rates. Income levels in Florence come in at $86,354, which is 6.2% higher than the national average.
Healthcare: Healthcare expenses and insurance premiums can vary significantly depending on the specific city or state. Factors such as accessibility to healthcare facilities, out-of-pocket expenses for doctor's visits, dental care expenses, prescription costs and specialized medical care fees can all influence the overall cost of living. In Florence, healthcare costs are 1% higher than the national average.
Transportation: If public transportation is limited or not available, residents may need to own and maintain vehicles, which can add to the cost of living. Gas, insurance, regular maintenance and potentially lease or finance payments will all need to be paid on a monthly basis. In Florence, the transportation index is 0.3% lower than the national average.
Urbanization: Larger, urban centers, known for their wealth of amenities and strong employment prospects, often exhibit an elevated cost of living, primarily attributable to the heightened demand for services and residential relocation. Consequently, this scenario leads to elevated home prices and higher rental rates. In contrast, sparsely populated rural areas or regions characterized by diminished demand typically provide a more limited array of amenities and experience slower job market growth, resulting in a more affordable cost of living.
The cost of living data for Florence shown above is based on a U.S. average baseline score of 100, making it easier to compare how far your dollar may go from one city to another. Housing uses U.S. Census home price and rental data, while all remaining values are AI-assisted estimates informed by regional pricing, climate, transportation dynamics, and local economic factors. These scores are best used for directional comparisons between cities.
| Cost of living index | |
| Groceries index | |
| Health care index | |
| Housing index | |
| Transportation index | |
| Utilities index | |
| Lifestyle index | |
| Household index | |
| Educare index |
| Median Income | Per Year | Per Month | Max Budget (28% DTI) | Max Budget (36% DTI) |
| Owners | $90,785 | $7,565 | $2,118 | $2,724 |
| Renters | $46,668 | $3,889 | $1,089 | $1,400 |
| State | General Sales Tax | With Max Surtax |
| Arizona | 5.6% | 10.725% |
| State | Income Tax (Low) | Income Tax (High) |
| Arizona | 2.5% | 2.5% |
| City | Population | Cost of Living Index | National Avg. |
| Cactus Forest, AZ | 720 | 89 | 10.6% |
| Coolidge, AZ | 13,315 | 94 | 5.9% |
| Blackwater, AZ | 1,787 | 99 | 0.8% |
| San Tan Valley, AZ | 108,601 | 113 | 12.9% |
| Queen Creek, AZ | 53,585 | 131 | 31.3% |
| Florence, AZ | 27,692 | 103 | 2.5% |
| City | Population | Cost of Living Index | National Avg. |
| West Linn, OR | 27,690 | 151 | 50.7% |
| Maryland Heights, MO | 27,688 | 97 | 3.4% |
| New Lenox, IL | 27,687 | 116 | 16.2% |
| Lindenhurst, NY | 27,681 | 138 | 37.6% |
| Mount Pleasant, WI | 27,676 | 101 | 1.0% |
| Florence, AZ | 27,692 | 103 | 2.5% |
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