What is the cost of living in Florence, KY?
According to the most recent data on the cost of living, Florence has an overall cost of living index of 93, which is 0.9x lower than the national index of 100.
Compared to Kentucky, Florence has a cost of living index that's 1.0x higher than Kentucky's index of 89.
The standard of living in Florence ranks as #51 most affordable out of the 85 places we measured in Kentucky. By definition, that implies Florence ranks as the #34 most expensive place in the Bluegrass State.
For more reading on life in Florence, check out:
Florence Cost Of Living Vs. Kentucky
Six factors go into calculating the cost of living index in Florence. Here is how it fares on each of the criteria:
The Services index in Florence is 93.
The Groceries index in Florence is 99.
The Health index in Florence is 90.
The Housing index in Florence is 95.
The Transportation index in Florence is 98.
The Utilities index in Florence is 96.
| Living Expense | Florence | Kentucky | National Average |
|---|---|---|---|
| Overall | 93 | 89 | 100 |
| Services | 93 | 100 | 100 |
| Groceries | 99 | 98 | 100 |
| Health | 90 | 68 | 100 |
| Housing | 95 | 98 | 100 |
| Transportation | 98 | 95 | 100 |
| Utilities | 96 | 96 | 100 |
Florence Cost Of Living Compared To Kentucky Averages
Index where 100 = national average. Source: cost-of-living index 2026.
For more reading on cost of living around Kentucky, check out:
Protect your home budget Compare home warranties in Florence Get matched →Source: Cost-of-living index 2026, normalized to US average = 100
Florence, KY Housing Cost Breakdown
Housing swings affordability the most between places in Kentucky, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2020-2024. The key points are:
The Median Home Value in Florence is $286,328.
The Median Rent in Florence is $1,329.
The Median Income in Florence is $71,003.
The Home Value To Income in Florence is 4.0x.
The Rent To Monthly Income in Florence is 0.22x.
Florence, KY Costs By Category
Detailed Florence Services costs vs. Kentucky
Detailed Florence Groceries costs vs. Kentucky
Detailed Florence Health costs vs. Kentucky
Detailed Florence Transportation costs vs. Kentucky
Florence SnackAbility
Cost Of Living In Cities Around Florence
The cost of living varies in the cities and towns around Florence. Here's a quick look at the cost of living in the most populous nearby places:
Independence, KY has a cost of living index of 96, 1.0x Florence.
Erlanger, KY has a cost of living index of 92, 1.0x Florence.
Burlington, KY has a cost of living index of 97, 1.0x Florence.
| City | Population | Cost Of Living | Vs. Florence |
|---|---|---|---|
| Independence, KY | 29,392 | 96 | 1.0x |
| Erlanger, KY | 19,875 | 92 | 1.0x |
| Burlington, KY | 18,008 | 97 | 1.0x |
| Bridgetown, OH | 13,464 | 92 | 1.0x |
| Monfort Heights, OH | 12,441 | 94 | 1.0x |
| Dent, OH | 11,973 | 104 | 1.1x |
| Mack, OH | 11,516 | 104 | 1.1x |
| Forestville, OH | 10,831 | 106 | 1.1x |
| Oakbrook, KY | 10,211 | 100 | 1.1x |
| Elsmere, KY | 9,205 | 92 | 1.0x |
