Cost of Living in Florence, OR

Housing

The housing market plays a significant role in determining the cost of living in Florence, OR.

• Housing Index: 0.0 / 100
• Median Home Price is: $450000
• Average Rent (2 BR Apartment): $0.0 per month
• Average Rent (2 BR House): $0.0 per month

In Florence, OR, the real estate market is currently reflecting a 0.0 housing index, indicating some challenges for buyers. The median home price stands at 450000, which may be considered high relative to average incomes in the area, potentially limiting options for first-time buyers. Furthermore, the absence of rental data for both apartments and houses suggests that the rental market may be constrained or insufficiently developed. For prospective residents, it's crucial to weigh these factors when considering a move to this location. Exploring nearby areas may also provide more affordable housing options.

Utilities

The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Florence, OR.

• Electricity Price: 15.12 USD (median by state)
• Natural Gas Price: $16.5 USD per Thousand Cubic Feet (median by state)
• Other Utilities (water, garbage, etc.): $0.0 per month

Living in Florence, OR could entail higher utility costs. Electricity costs sit at 15.12, while natural gas is priced at 16.5 per Thousand Cubic Feet—both aligning with state medians. Expect to budget about 0.0 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 Bethlehem is a financially viable option for your relocation.

Cost of Living Index

The cost of living index is a widely used metric to determine the relative affordability of cities and towns.

• Index score: 0.0

Median Income

The median income is an important factor to consider when evaluating the affordability of a city or town.

• Median Income: $57568

Educational and Social Amenities

Access to quality education, healthcare, and social services can significantly impact the overall quality of life in a city or town.

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Summary

When considering a move to Florence, OR, consider the following factors:

• Taxes: State income, property, and local income taxes can significantly impact your take-home pay.
• Job opportunities: The availability of jobs in your field can affect your quality of life.
• Cost of living: Housing costs, utilities, transportation, and other expenses should be considered when evaluating the affordability of a city or town.