Cost of Living in Florence, SC
Housing
The housing market plays a significant role in determining the cost of living in Florence, SC.
- Housing Index: 75.0 / 100
- Median Home Price is: $240,000
- Average Rent (2 BR Apartment): $1200 per month
- Average Rent (2 BR House): $1200 per month
Considering a move to Florence, SC? The housing index stands at 75.0, indicating a relatively favorable market for prospective renters and buyers. The median home price is 240000, which aligns well with the average rental rates for a 2-bedroom apartment and house, both at 1200. This suggests competitive opportunities in the housing sector. Additionally, given the general trend of rising property values nationally, investing in a home could be beneficial long-term. Keep these factors in mind when making your decision!
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Florence, SC.
- Electricity Price: $14.18 USD (median by state)
- Natural Gas Price: $23.51 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): $220 per month
Living in Florence, SC could entail higher utility costs. Electricity costs sit at $14.18, while natural gas is priced at $23.51 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $220 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Florence is a financially viable option for your relocation.