Cost of Living in Florence, KS

With a cost of living index of 59, Florence, KS is one of the most affordable cities in the country. Living here is 41% cheaper than the national average and 13% below the Kansas state average of 72. Florence is a small community of 537 residents.

Housing costs are the biggest factor in Florence's cost of living. The median monthly rent is $827 (37% below the US median of $1,319), and the median home value sits at $30,000 (90% below the national median of $304,900). At current prices, the median home costs roughly 0.7x the median household income — well within traditional affordability guidelines.

The median household income in Florence is $40,125, which is 47% lower than the national median of $75,149. Residents spend roughly 25% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum. Lower incomes here are balanced by the significantly lower cost of living, stretching each dollar further.

Climate is another factor for anyone considering a move to Florence. The area sees an average annual temperature of 57°F, with summers averaging 78°F and winters around 35°F. Annual rainfall totals 32.6 inches spread over roughly 87 days.

Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.