salaryRent is lower than in 59% of U.S. cities. A typical house costs under 3 years of household income, which is easy by U.S. standards.
How much money do I need?
To rent here comfortably, you should earn about $59,520 a year. That is $29 an hour at a full-time job.
Is rent cheaper than other Kentucky cities?
No. Rent here is more expensive than in most of Kentucky. It is number 70 of 87 cities from cheapest to most expensive.
How much do households earn in Florence?
Share of households by yearly income. 20.8% of households earn $100,000 or more.
Rent by apartment size in Florence
| Size | Florence | U.S. average |
|---|---|---|
| Studio | $794 | $1,338 |
| 1 bedroom | $1,121 | $1,324 |
| 2 bedrooms | $1,503 | $1,509 |
| 3 bedrooms | $1,486 | $1,698 |
| 4 bedrooms | $1,888 | $2,098 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Florence overall?
Everyday prices in Kentucky overall are 10% below the U.S. average (index 90.2, U.S. = 100).
Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Florence, so the Kentucky figure is shown.
Taxes and bills in Florence
Life in Florence
Is it cheaper to rent or buy in Florence?
About the same. Renting and owning cost within $26 of each other each month.
Owning assumes a typical $210,700 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $21,070 for the down payment.
Frequently asked questions
What is the average rent in Florence, KY?
Renting in Florence costs a median of about $1,488 a month in 2026, including utilities. The Kentucky 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 $59,520 a year, or $29 an hour at a full-time job.
Is Florence cheap or expensive?
Florence is rated OK: rent takes 23.3% of the typical household income of $76,577. It ranks 70th cheapest of 87 Kentucky cities we track.
How much are property taxes in Florence?
The median homeowner in Florence pays $1,842 a year in property taxes, about 0.87% of the median home value.
Is Florence more expensive than the national average?
Overall prices in Kentucky are 10% 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 $210,700, about 2.8 times the typical yearly household income.
32,803 people live in Florence. Numbers are typical (middle) values.