Florence, MT vs Red Lodge, MT

Red Lodge is moderately more affordable than Florence, with a 5.6% lower cost of living index. Florence scores 92 compared to 87 for Red Lodge, where the US average is 100. This difference means residents of Florence can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Florence is $694/month compared to $805/month in Red Lodge — a 14% difference. Interestingly, home values tell a different story: while Florence has cheaper rent, Red Lodge actually has lower median home values ($374,900 vs $460,000).

Median household income in Florence is $97,850 compared to $43,857 in Red Lodge (+123.1%). While Florence 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 8.5% of their income on rent, less than the 22% in Red Lodge.

Climate-wise, Red Lodge is notably warmer with an average of 48.2°F compared to 45.2°F in Florence. Red Lodge receives more rainfall at 14.3" per year compared to 14.1" in Florence.