Florence, SC vs Greenwood, SC

Greenwood is moderately more affordable than Florence, with a 9.6% lower cost of living index. Florence scores 74 compared to 68 for Greenwood, 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 $922/month compared to $826/month in Greenwood — a 12% difference. Home values follow the same pattern: Greenwood is more affordable at $123,400 median vs $189,800.

Median household income in Florence is $56,433 compared to $40,253 in Greenwood (+40.2%). 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 19.6% of their income on rent, less than the 24.6% in Greenwood.

Climate-wise, Florence is notably warmer with an average of 64.7°F compared to 61.1°F in Greenwood. Florence receives more rainfall at 45.3" per year compared to 42" in Greenwood.