Florence, KY vs Independence, KY

Florence, KY and Independence, KY have a very similar cost of living, with only a 4.2% difference in their overall index. Florence scores 85 while Independence scores 89 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.

On the housing front, median rent in Florence is $1,199/month compared to $1,204/month in Independence — a 0% difference. Home values follow the same pattern: Florence is more affordable at $196,200 median vs $240,500.

Median household income in Florence is $68,508 compared to $98,653 in Independence (-30.6%). While Independence is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Florence spend roughly 21% of their income on rent, more than the 14.6% in Independence.