Florence, AL
Discover how far your salary goes in Florence. Compare taxes, rent, and living costs.
40,184
5.0%
$998
/month
-29%
below avg
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Rent Prices in Florence
Studio
$798
/month
$9,576/year
1 Bedroom
$998
/month
$11,976/year
2 Bedroom
$1,347
/month
$16,164/year
3 Bedroom
$1,746
/month
$20,952/year
Taxes in Alabama
State Income Tax
Alabama
For a $100k salary, that's ~$5,000/year in state taxes.
Federal Income Tax
Same nationwide
Federal taxes use progressive brackets. The more you earn, the higher your marginal rate.
Learn how tax brackets workFrequently Asked Questions
What is the cost of living in Florence, AL?▼
Florence has a cost of living index of 85, which is 15% below the national average. A 1-bedroom apartment costs around $998/month.
What is the state income tax in Alabama?▼
Alabama has a state income tax rate of approximately 5.0%. This is in addition to federal income tax.
How much is rent in Florence?▼
The median rent for a 1-bedroom apartment in Florence is $998/month. For a 2-bedroom, expect to pay around $1,347/month. This is 29% below the national average.
Is Florence a good place to live?▼
Florence is a town with a population of 40,184. The cost of living is below average, making it more affordable than average for the US.
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