Cost of Living in Florence, SC
Population: 40,205 • 2026 Data
$56,433
Median Household Income
-27% vs national
$922
Median Monthly Rent
-32% vs national
$189,800
Median Home Value
-44% vs national
5.6%
Unemployment Rate
Housing in Florence
The median home value in Florence, SC is $189,800. Monthly rent for a typical unit averages $922, while total monthly housing costs (including utilities and insurance) average $976.
Rent-to-income ratio: 19.6%. 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, SC is $56,433. The unemployment rate stands at 5.6%, with a labor force of 19,088 people.
Data Sources
All data from the US Census Bureau American Community Survey 5-Year Estimates. National median figures used for comparison context.