Cost of living in Florence, AL
156,609 people (Census 2025 estimate). Overall prices are 15.2% below the US average, with housing at 47.7 on BEA’s index (US = 100). A single renter on $60,000 keeps $1,582 a month after 2026 taxes and modeled costs.
Typical household budgets in Florence, AL
Computed by MoveMath’s engine with 2026 tax law, HUD Fair Market Rent for the bedrooms each household needs, DOL 2022 childcare prices for Lauderdale County, AL in current dollars, USDA Moderate-Cost food, one car per adult and $1,000 a month of other spending at US-average prices scaled by local price levels.
| Per month | Single, $60k | Couple + toddler, $110k | Family of four, $61,891 |
|---|---|---|---|
| Gross income | $5,000 | $9,167 | $5,158 |
| Taxes | $1,010 | $1,644 | $608 |
| Take-home pay | $3,990 | $7,523 | $4,549 |
| Housing | $834 | $1,085 | $1,085 |
| Childcare | $0 | $713 | $1,271 |
| Food | $425 | $953 | $1,236 |
| Transportation | $156 | $313 | $313 |
| Sales tax | $28 | $38 | $44 |
| Other goods & services | $965 | $965 | $965 |
| Left over | $1,582 | $3,456 | −$365 |
Family of four = two adults, a preschooler and a school-age child at the metro’s median household income ($61,891). Click a column to open it in the budget planner and change any input.
Price levels: Florence, AL vs Alabama and the US
BEA Regional Price Parities, 2024. 100 = US average; bars compare the metro (dark) with Alabama statewide (light).
Within Alabama, Florence, AL ranks 11th of 12 metros on overall prices; the state as a whole is at 88.8. The dashed line marks the US average.
Rent and homeownership
| Unit | HUD Fair Market Rent | Income needed at 30% | Share of median income |
|---|---|---|---|
| Studio | $760 | $30,400 | 14.7% |
| 1-bedroom | $834 | $33,360 | 16.2% |
| 2-bedroom | $1,085 | $43,400 | 21.0% |
| 3-bedroom | $1,348 | $53,920 | 26.1% |
| 4-bedroom | $1,426 | $57,040 | 27.6% |
FY2027 FMRs for Florence-Muscle Shoals, AL MSA: 40th-percentile gross rent (rent + tenant-paid utilities) for standard-quality units. Census median gross rent, all unit sizes: $853 (ACS 2020-2024).
Childcare prices in Lauderdale County, AL
| Age band | Center, weekly (2022) | Center, yearly today* | Home-based, weekly (2022) | Home-based, yearly today* |
|---|---|---|---|---|
| Infant (under 2) | $136 | $8,645 | $146 | $9,286 |
| Toddler (2) | $135 | $8,553 | $140 | $8,902 |
| Preschool (3–4) | $127 | $8,076 | $140 | $8,902 |
| School-age (5–12) | $113 | $7,176 | $138 | $8,784 |
DOL National Database of Childcare Prices, 2022 county medians for full-time care in Lauderdale County, AL (the metro’s principal county). *52 weeks × 1.2224, the BLS CPI change for day care and preschool from the 2022 average to 2026-08.
Taxes: what you keep in Florence
| Single filer, 2026 | $50,000 | $75,000 | $120,000 |
|---|---|---|---|
| Federal income tax | $3,820 | $7,670 | $17,570 |
| Social Security + Medicare | $3,825 | $5,738 | $9,180 |
| Alabama income tax | $2,069 | $3,127 | $4,882 |
| Take-home pay / month | $3,357 | $4,872 | $7,364 |
| Share of pay to taxes | 19.4% | 22.0% | 26.4% |
No mandatory local income tax for residents of Florence in our data. State sales tax: 4% (state rate only; local rates add on), groceries 2%.
Energy and fuel
EIA: electricity 2025, natural gas 2024, gasoline week ending 2026-10-05. Renters’ utilities are already inside gross rent.
Nearby metros
| Metro | Distance | Price level | 2-BR FMR | Single $60k left over |
|---|---|---|---|---|
| Florence, AL | — | 84.8 | $1,085 | $1,582 |
| Decatur, AL · compare | 42 mi | 87.2 | $1,023 | $1,581 (−$1) |
| Huntsville, AL · compare | 57 mi | 93.1 | $1,341 | $1,239 (−$343) |
| Jackson, TN · compare | 87 mi | 85.5 | $1,375 | $1,552 (−$30) |
| Birmingham, AL · compare | 103 mi | 91.6 | $1,375 | $1,103 (−$479) |
| Nashville, TN · compare | 105 mi | 96.3 | $1,798 | $953 (−$629) |
| Gadsden, AL · compare | 110 mi | 85.7 | $975 | $1,586 (+$4) |
Frequently asked questions
Is Florence, AL expensive to live in?+
BEA’s Regional Price Parities put overall prices in the Florence, AL metro at 84.8 (US = 100) in 2024 — 15.2% below the national average and the 380th highest of 387 metros. Housing is 47.7, goods 96.4.
What salary do you need to live in Florence, AL?+
A single renter earning $60,000 keeps $3,990 a month after 2026 taxes and has $1,582 left after rent at HUD Fair Market Rent, food, fuel, sales tax and other modeled costs. Use the cost of living calculator to find the salary that matches your current budget.
How much is rent in Florence, AL?+
HUD’s FY2027 Fair Market Rent — the 40th-percentile gross rent including utilities — is $834 for a 1-bedroom and $1,085 for a 2-bedroom. The Census median gross rent for all units is $853.
Does Florence have a local income tax?+
No mandatory local income tax applies to residents of Florence in our 2026 data. Alabama state income tax does apply.