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: 116.2 / 100
- Median Home Price is: $450,000
- Average Rent (2 BR Apartment): $1757 per month
- Average Rent (2 BR House): $1910 per month
In Florence, OR, the real estate market is currently reflecting a 116.2 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.): $248 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 $248 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.