Cost of Living in Florence, CO

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1%
Overall NAT. AVG.
3%
Groceries NAT. AVG.
15%
Housing NAT. AVG.
Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.
The cost of living index is based on a national average of 100. For example, if the cost of living score is 90, then the estimated cost of living is 10% lower than the national average. If the score is 110, then the estimated cost of living is 10% higher than average. The overall index is calculated using weighted estimates across major everyday expense categories, including housing (30%), groceries (16%), transportation (12%), healthcare (10%), utilities (8%), lifestyle and entertainment (8%), household expenses (8%), and education and childcare (8%). All values are AI-assisted city-level estimates designed for directional comparisons.
Index Florence Colorado National
Cost of living99115100
Groceries103104100
Health care104107100
Housing85136100
Transportation107106100
Utilities104108100
Lifestyle & Entertainment104107100
Household Items103105100
Education & Childcare110111100
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Homes For Sale In Florence, CO

property for sale

431 E 2nd St

Florence, CO
property for sale

1605 Churchill Ave

Florence, CO
property for sale

202 Cedar St

Florence, CO
property for sale

1440 Churchill Ave

Florence, CO
See the Newest Homes For Sale In Florence, CO

Cost Of Living Quick Facts

  • The cost of living in Florence is 14% lower than the Colorado average
  • The cost of living in Florence is 1% lower than the national average
  • Florence housing is 15% lower than the national average
  • Colorado general sales tax is 43% lower than the national average
  • Colorado state income tax is 69% higher than the national average

Most Affordable Places to Live in and Around Florence

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Compare Florence, CO Cost of Living

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      Salary Calculator

      This is how much you would need to earn in
      Price difference in compared to
      Cost of living index
      Groceries index
      Health care index
      Housing index
      Transportation index
      Utilities index
      Lifestyle index
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      Educare index

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$77,468$6,456$1,807$2,324
      Renters$68,750$5,729$1,604$2,063
      The percentage of monthly income spent on housing related expenses can help predict the affordability of housing in Florence, CO, 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 $77,468. Using that number, a maximum of $1,807 per month should be allocated to housing expenses. For those who are renting instead of owning, the median income is $68,750, which means there is a maximum of $1,604 to be spent on the costs of renting a home or apartment.

      Colorado Sales Tax

      State General Sales Tax With Max Surtax
      Colorado 2.9% 10%

      Colorado Income Tax

      State Income Tax (Low) Income Tax (High)
      Colorado 4.4% 4.4%

      Nearby cities with low cost of living

      City Population Cost of Living Index National Avg.
      Williamsburg, CO545981.6%
      Rockvale, CO561991.2%
      Cañon City, CO16,8101032.7%
      Lincoln Park, CO3,6451054.6%
      Brookside, CO2311055.0%
      Florence, CO4,019991.2%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Williamstown, KY4,0199010.4%
      Battle Mountain, NV4,0191000.1%
      Red Oaks Mill, NY4,01812424.4%
      Kutztown University, PA4,0181011.2%
      Freeburg, IL4,0201000.2%
      Florence, CO4,019991.2%
      Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.
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