Updated · 2026 tax rules · Data: IRS, BLS, BEA, HUD · How we calculate

Cost of Living in Florence, AL

Florence-Muscle Shoals, AL — prices, rents and what jobs really pay here after taxes.

Price level
84.8
U.S. average = 100 · #380 of 387
Median wage
$39,740
all jobs · $2,699/mo take-home
1-bedroom rent
$775
HUD fair market rent
▲2.8%
Pay trend: The median for all workers in Florence, AL rose from $38,640 (May 2024) to $39,740 (May 2025). That roughly kept pace with inflation (2.4%).

Salary comparison calculator

What would you need to earn in Florence, AL to keep the same lifestyle — after taxes — as in another city?

Cost of living calculator

Uses BEA price levels plus 2026 federal and state taxes in each city's state.

Salary needed to keep your lifestyle
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    How expensive is Florence, AL?

    With a price level of 84.8 (U.S. average = 100), Florence, AL is one of the most affordable places in the country. In detail, housing costs are 52% below average; everyday goods are 4% below average; utilities are 14% below average; other services such as healthcare and dining are 3% below average. The biggest difference from the national average is in housing.

    Prices in Florence, AL vs. the U.S. average

    CategoryIndex (U.S. = 100)Difference
    All items84.8−15.2%
    Housing47.7−52.3%
    Goods96.4−3.6%
    Utilities85.8−14.2%
    Other services96.7−3.3%

    Source: BEA Regional Price Parities, 2024.

    Rent in Florence, AL

    UnitMonthly rentIncome needed (30% rule)
    Studio$698$27,920/yr
    1 bedroom$775$31,000/yr
    2 bedrooms$1,000$40,000/yr
    3 bedrooms$1,242$49,680/yr
    4 bedrooms$1,409$56,360/yr

    HUD Fair Market Rents, FY2026, population-weighted across the metro's counties.

    Salary needed to live in Florence, AL

    To keep the same standard of living as in an average-priced U.S. city, you would need to earn roughly:

    Salary in an average U.S. cityEquivalent in Florence, ALTake-home here
    $40,000$33,900$27,989
    $60,000$50,900$40,798
    $80,000$67,900$53,468
    $100,000$84,800$64,512
    $150,000$127,200$92,112

    Scaled by the BEA price level (pre-tax). Take-home: single filer, Alabama 2026 taxes. For a tax-aware comparison with a specific city, use the calculator above.

    A monthly budget on the median wage

    A single worker earning Florence, AL's median wage of $39,740 takes home about $2,699 a month. A typical one-bedroom rents for $775, which is 29% of take-home pay — within the 30% guideline that financial planners suggest. That leaves about $1,924 a month for everything else.

    Take-home pay in Florence, AL

    Paycheck in Florence, AL
    Deductions, kids & local tax

    2026 tax year. Federal brackets from IRS Rev. Proc. 2025-32.

    Your take-home pay
    $32,389
    per year · effective tax rate 18.5%
    $2,699Monthly
    $1,350Twice a month
    $1,246Every 2 weeks
    $15.57Hourly
    • Federal income tax$2,589
    • Social Security (6.2%)$2,464
    • Medicare (1.45%)$576
    • Alabama income tax$1,722
    • Take-home pay$32,389

    Marginal rate: 12% federal + 5.00% state

    Pay and living costs in Alabama cities

    Half of Alabama’s 2,113,660 workers earn less than $45,670 a year and half earn more; the middle 50% earn $32,050–$66,790 (BLS, May 2025). Prices vary a lot within the state: Huntsville, AL stretches a paycheck furthest, while Daphne, AL is the costliest.

    Metro areaMedian payPrice level1-BR rentRent shareLeft after rent / moBuying power*
    Birmingham, AL$47,77091.6$1,11535%$2,088$41,945
    Huntsville, AL$51,74093.1$1,13633%$2,317$44,515
    Mobile, AL$47,00088.1$91929%$2,236$42,974
    Montgomery, AL$44,95089.7$87029%$2,156$40,493
    Columbus, GA$43,54089.3$93632%$2,002$39,478
    Tuscaloosa, AL$45,22087.7$94331%$2,100$41,630
    Daphne, AL$38,52094.7$1,20046%$1,422$33,235
    Auburn, AL$39,07087.9$1,04539%$1,612$36,260
    Decatur, AL$46,28087.2$77625%$2,334$42,789
    Dothan, AL$38,17083.8$75129%$1,850$37,224
    Florence, AL$39,74084.8$77529%$1,924$38,187
    Anniston, AL$42,68085.9$75726%$2,127$40,262
    Gadsden, AL$36,66085.7$79232%$1,714$35,105

    *Yearly take-home pay (on each metro’s median wage, single filer) in U.S.-average dollars. Price level: BEA RPP 2024 (U.S. = 100). Rent: HUD FY2026 one-bedroom fair market rent.

    Florence, AL vs. similar-size cities

    Metro areaPrice level1-BR rentMedian wageJobs
    Florence, AL84.8$775$39,74056,100
    Mankato, MN91.0$977$49,53056,180
    Jackson, MI91.8$946$47,76055,930
    Ames, IA88.8$975$50,22055,890
    Lake Havasu City, AZ94.1$1,060$44,23056,490
    Wichita Falls, TX89.5$925$43,21055,550
    Pittsfield, MA95.1$1,281$51,86056,810

    Frequently asked questions

    Is Florence, AL expensive to live in?

    According to the Bureau of Economic Analysis, overall prices in the Florence-Muscle Shoals, AL metro area are 84.8% of the U.S. average, with housing at 47.7%. It is the #380 most expensive of 387 metro areas we track.

    What salary do you need to live in Florence, AL?

    To match the buying power of a $60,000 salary in an average-priced U.S. city you would need about $50,890 in Florence, AL (before tax differences). The median wage across all jobs here is $39,740.

    Can you afford Florence, AL on the median wage?

    A single worker on the $39,740 median wage takes home about $2,699 a month after 2026 taxes; a one-bedroom at $775 would take 29% of that.

    How much is rent in Florence, AL?

    HUD’s FY2026 fair market rents for Florence, AL are $698 for a studio, $775 for one bedroom, $1,000 for two bedrooms and $1,242 for three bedrooms, including utilities.

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