Florence, SC Cost Of Living
Cost Of Living In Florence, SC Summary
Cost of living in Florence research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Florence is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in South Carolina, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Florence is 92, with 100 being the average.
The cost of living index in Florence is 0.9x lower than the national average.
Florence ranks as the #44 cheapest in South Carolina out of 99.
Florence ranks as the #1,974 cheapest out of 6,412 in the US.
The median home value in Florence is $159,800.
The median income in Florence is $52,425.
Table Of Contents
Florence's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Florence, SC?
According to the most recent data on the cost of living, Florence has an overall cost of living index of 92, which is 0.9x lower than the national index of 100.
Compared to South Carolina, Florence has a cost of living index that's 1.0x lower than South Carolina's index of 96.
The standard of living in Florence ranks as #44 most affordable out of the 99 places we measured in South Carolina. By definition, that implies Florence ranks as the #55 most expensive place in the Palmetto State.
For more reading on life in Florence, check out:
- Living In Florence
- Florence Crime Report
- Search Homes For Sale In Florence, SC
In South Carolina
In America
Florence Cost Of Living Vs. South Carolina
Six factors go into calculating the cost of living index in Florence. Here is how it fairs on each of the criteria:
The Services index in Florence is 91.
The Groceries index in Florence is 107.
The Health index in Florence is 71.
The Housing index in Florence is 80.
The Transportation index in Florence is 89.
The Utilities index in Florence is 126.
| Living Expense | Florence | South Carolina | National Average | |
|---|---|---|---|---|
| Overall | 92 | 96 | 100 | |
| Services | 91 | 99 | 100 | |
| Groceries | 107 | 100 | 100 | |
| Health | 71 | 96 | 100 | |
| Housing | 80 | 89 | 100 | |
| Transportation | 89 | 90 | 100 | |
| Utilities | 126 | 107 | 100 | |
Florence, SC Housing Cost Breakdown
Housing swings affordability the most between places in South Carolina, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Florence is $159,800.
The Median Rent in Florence is $796.
The Median Income in Florence is $52,425.
The Home Value To Income in Florence is 3.0x.
The Rent To Monthly Income in Florence is 0.18x.
| Statistic | Florence | South Carolina | United States |
|---|---|---|---|
| Median Home Value | $159,800 | $181,800 | $244,900 |
| Median Rent | $796 | $970 | $1,163 |
| Median Income | $52,425 | $58,234 | $69,021 |
| Home Value To Income | 3.0x | 3.1x | 3.5x |
| Rent To Monthly Income | 0.18x | 0.2x | 0.2x |
Median Home Value
Median Rent
Median Income
Florence, SC Costs By Category
Detailed Florence Services Costs Vs. South Carolina
| Item | Florence | South Carolina |
|---|---|---|
| Shampoo | $1.01 | $1.06 |
| Movie | $11.12 | $10.68 |
| Bowling | $13.83 | $14.67 |
| Haircut | $14.0 | $18.62 |
| Beauty Salon | $41.63 | $39.05 |
Detailed Florence Groceries Costs Vs. South Carolina
| Item | Florence | South Carolina |
|---|---|---|
| Ground Beef | $4.57 | $4.22 |
| Fried Chicken | $1.4 | $1.39 |
| Milk | $2.19 | $2.05 |
| Potatoes | $3.78 | $3.29 |
| Pizza | $10.72 | $10.62 |
| Beer | $10.3 | $9.38 |
| Toothpaste | $2.26 | $2.34 |
Detailed Florence Health Costs Vs. South Carolina
| Item | Florence | South Carolina |
|---|---|---|
| Optometrist | $51.67 | $108.57 |
| Doctor | $102.0 | $116.17 |
| Dentist | $59.0 | $99.13 |
Detailed Florence Transportation Costs Vs. South Carolina
| Item | Florence | South Carolina |
|---|---|---|
| Gasoline | $2.0 | $2.22 |
| Tire Balancing | $40.0 | $50.07 |
Detailed Florence Utilities Costs Vs. South Carolina
| Item | Florence | South Carolina |
|---|---|---|
| All Electricity | $248.45 | $167.67 |
| Phone | $185.81 | $175.64 |
Florence SnackAbility
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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:
Sumter, SC has a cost of living index of 92, 1.0x Florence.
Conway, SC has a cost of living index of 96, 1.0x Florence.
Laurinburg, NC has a cost of living index of 88, 1.0x Florence.
| City | Population | Cost Of Living | Vs. Florence |
|---|---|---|---|
| Sumter, SC | 42,920 | 92 | 1.0x |
| Conway, SC | 22,001 | 96 | 1.0x |
| Laurinburg, NC | 15,242 | 88 | 1.0x |
| Camden, SC | 7,666 | 94 | 1.0x |
| Hartsville, SC | 7,565 | 87 | 0.9x |
| Bennettsville, SC | 7,306 | 85 | 0.9x |
| Marion, SC | 6,472 | 87 | 0.9x |
| Darlington, SC | 6,153 | 83 | 0.9x |
| Hamlet, NC | 6,098 | 89 | 1.0x |
| Cheraw, SC | 5,090 | 90 | 1.0x |
