Cost of Living in Florence, KY
Population: 32,334 • 2026 Data
$68,508
Median Household Income
-11% vs national
$1,199
Median Monthly Rent
-11% vs national
$196,200
Median Home Value
-42% vs national
2.7%
Unemployment Rate
Housing in Florence
The median home value in Florence, KY is $196,200. Monthly rent for a typical unit averages $1,199, while total monthly housing costs (including utilities and insurance) average $1,141.
Rent-to-income ratio: 21.0%. This is within the recommended 30% threshold, suggesting housing is relatively affordable for median-income earners.
Income and Employment
The median household income in Florence, KY is $68,508. The unemployment rate stands at 2.7%, with a labor force of 17,191 people.
Data Sources
All data from the US Census Bureau American Community Survey 5-Year Estimates. National median figures used for comparison context.