salaryRent is lower than in 62% of U.S. cities. A typical house costs about 4.0 years of household income. Commutes are long, about 30.9 minutes each way. Most homes (86.8%) are owned, so rentals can be hard to find.
How much money do I need?
To rent here comfortably, you should earn about $56,960 a year. That is $27 an hour at a full-time job.
Is rent cheaper than other Arizona cities?
Yes. Rent here is cheaper than in most of Arizona. It is number 36 of 93 cities from cheapest to most expensive.
How much do households earn in Florence?
Share of households by yearly income. 29.5% of households earn $100,000 or more.
Rent by apartment size in Florence
| Size | Florence | U.S. average |
|---|---|---|
| Studio | $968 | $1,338 |
| 1 bedroom | $926 | $1,324 |
| 2 bedrooms | $873 | $1,509 |
| 3 bedrooms | $1,722 | $1,698 |
| 4 bedrooms | $1,972 | $2,098 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Florence overall?
Everyday prices in Arizona overall are 1% above the U.S. average (index 100.7, U.S. = 100).
Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Florence, so the Arizona figure is shown.
Taxes and bills in Florence
Life in Florence
Is it cheaper to rent or buy in Florence?
Renting is cheaper right now: about $979 a month less.
Owning assumes a typical $346,300 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $34,630 for the down payment.
Frequently asked questions
What is the average rent in Florence, AZ?
Renting in Florence costs a median of about $1,424 a month in 2026, including utilities. The Arizona median is $1,671.
How much do I need to make to live in Florence?
To keep rent under 30% of income, you need about $56,960 a year, or $27 an hour at a full-time job.
Is Florence cheap or expensive?
Florence is rated Cheap: rent takes 19.9% of the typical household income of $85,896. It ranks 36th cheapest of 93 Arizona cities we track.
How much are property taxes in Florence?
The median homeowner in Florence pays $2,225 a year in property taxes, about 0.64% of the median home value.
Is Florence more expensive than the national average?
Overall prices in Arizona are 1% above 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 $346,300, about 4.0 times the typical yearly household income.
25,570 people live in Florence. Numbers are typical (middle) values.