Cost of Living in Florence, MA
Housing
The housing market plays a significant role in determining the cost of living in Florence, MA.
- Housing Index: 125.6 / 100
- Median Home Price is: $314,000
- Average Rent (2 BR Apartment): $2614 per month
- Average Rent (2 BR House): $2841 per month
If you're considering a move to Florence, MA, you're looking at a median home price of 314000. Notably, with a housing index of 125.6, potential homebuyers may find opportunities in the local market. However, the lack of data on average rents for 2-bedroom apartments and houses suggests a need for further research. Typically, areas with lower rental prices can complement home purchasing decisions when analyzing the cost of living. Overall, ensure to weigh both rental and buying options to determine the best fit for your lifestyle.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Florence, MA.
- Electricity Price: $28.15 USD (median by state)
- Natural Gas Price: $21.62 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): $258 per month
Living in Florence, MA could entail higher utility costs. Electricity costs sit at $28.15, while natural gas is priced at $21.62 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $258 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.