Cost of Living in Florence, OR

With a cost of living index of 99, Florence, OR is right around the national average in cost. Living here is 1% cheaper than the national average and 8% below the Oregon state average of 106. Florence is a smaller community of 9,483 residents, where everyday costs can differ substantially from nearby larger cities.

Housing costs are the biggest factor in Florence's cost of living. The median monthly rent is $1,172 (11% below the US median of $1,319), and the median home value sits at $331,100 (9% above the national median of $304,900). At current prices, the median home costs roughly 6.4x the median household income — a challenging ratio that puts homeownership out of reach for many residents.

The median household income in Florence is $52,049, which is 31% lower than the national median of $75,149. Residents spend roughly 27% of household income on rent. This is near the 30% threshold that financial experts generally consider the upper limit of affordability.

Climate is another factor for anyone considering a move to Florence. The area sees an average annual temperature of 53°F, with summers averaging 59°F and winters around 47°F. Annual rainfall totals 59.1 inches spread over roughly 159 days.

Everyday prices in the Eugene-Springfield, OR (Metropolitan Statistical Area) metro area tend to run above the national average. Out of 6 common grocery and utility items tracked by the Bureau of Labor Statistics, 5 are priced higher than the US average. These real-world prices — from groceries to electricity — add up and should be factored into any cost of living comparison.

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.