Florence, AL vs Troy, AL

Florence is moderately more affordable than Troy, with a 12.8% lower cost of living index. Florence scores 68 compared to 78 for Troy, where the US average is 100. This difference means residents of Troy can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Florence is $784/month compared to $943/month in Troy — a 17% difference. Home values follow the same pattern: Florence is more affordable at $174,100 median vs $214,100.

Median household income in Florence is $50,396 compared to $47,595 in Troy (+5.9%). Florence offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Florence spend roughly 18.7% of their income on rent, less than the 23.8% in Troy.

Climate-wise, Troy is notably warmer with an average of 64.5°F compared to 60.7°F in Florence. Florence receives more rainfall at 57.6" per year compared to 54.6" in Troy.