salaryRent here is among the lowest 10% of all U.S. cities. A typical house costs about 3.5 years of household income. Commutes are short, about 18.7 minutes.
How much money do I need?
To rent here comfortably, you should earn about $36,160 a year. That is $17 an hour at a full-time job.
Is rent cheaper than other Alabama cities?
Yes. Rent here is cheaper than in most of Alabama. It is number 32 of 120 cities from cheapest to most expensive.
How much do households earn in Florence?
Share of households by yearly income. 14.2% of households earn $100,000 or more.
Rent by apartment size in Florence
| Size | Florence | U.S. average |
|---|---|---|
| Studio | $603 | $1,338 |
| 1 bedroom | $657 | $1,324 |
| 2 bedrooms | $923 | $1,509 |
| 3 bedrooms | $959 | $1,698 |
| 4 bedrooms | $1,013 | $2,098 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Florence overall?
Everyday prices in the Florence-Muscle Shoals metro area are 15% below the U.S. average (index 84.8, U.S. = 100).
Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024.
Taxes and bills in Florence
Life in Florence
What jobs pay in Florence
| Job | Median pay | Rent / pay |
|---|---|---|
| Pharmacist | $130,540 | 8.3% |
| Software Developer | $116,260 | 9.3% |
| Nurse Practitioner | $101,040 | 10.7% |
| Civil Engineer | $100,300 | 10.8% |
| Lawyer | $98,850 | 11.0% |
| Operations Manager | $97,600 | 11.1% |
| Accountant | $67,600 | 16.0% |
| Registered Nurse | $66,360 | 16.3% |
| Plumber | $60,590 | 17.9% |
| Elementary School Teacher | $60,580 | 17.9% |
| Electrician | $59,770 | 18.1% |
| Dental Hygienist | $58,660 | 18.5% |
| Police Officer | $56,010 | 19.4% |
| Licensed Practical Nurse | $55,360 | 19.6% |
| Market Research Analyst | $51,940 | 20.9% |
| Carpenter | $51,740 | 21.0% |
| Truck Driver | $48,140 | 22.5% |
| HVAC Technician | $46,560 | 23.3% |
| Customer Service Representative | $37,520 | 28.9% |
| Firefighter | $37,150 | 29.2% |
| Warehouse Worker | $36,370 | 29.8% |
| Medical Assistant | $35,350 | 30.7% |
| Nursing Assistant | $31,940 | 34.0% |
| Restaurant Cook | $30,350 | 35.7% |
| Retail Salesperson | $28,980 | 37.4% |
| Cashier | $27,310 | 39.7% |
| Server (Waiter/Waitress) | $25,990 | 41.7% |
Is it cheaper to rent or buy in Florence?
Renting is cheaper right now: about $458 a month less.
Owning assumes a typical $196,300 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $19,630 for the down payment.
Frequently asked questions
What is the average rent in Florence, AL?
Renting in Florence costs a median of about $904 a month in 2026, including utilities. The Alabama median is $1,175.
How much do I need to make to live in Florence?
To keep rent under 30% of income, you need about $36,160 a year, or $17 an hour at a full-time job.
Is Florence cheap or expensive?
Florence is rated Cheap: rent takes 19.3% of the typical household income of $56,270. It ranks 32nd cheapest of 120 Alabama cities we track.
How much are property taxes in Florence?
The median homeowner in Florence pays $845 a year in property taxes, about 0.43% of the median home value.
Is Florence more expensive than the national average?
Overall prices in the metro area are 15% below the U.S. average, according to the U.S. Bureau of Economic Analysis.
How much does a house cost in Florence?
The median home value in Florence is $196,300, about 3.5 times the typical yearly household income.
41,701 people live in Florence. Numbers are typical (middle) values.