Cost Of Living
The cost of living in this region is notably lower than the national average, encompassing everyday goods, housing, utilities, transportation and health care expenses.
Crime
The crime rate is far lower than the national average per 100,000 residents. As such, it should be considered a very safe place to live when compared to other areas.
Employment
This area excels in the employment category with a score well above average, primarily due to the higher median home income, per capita income and low unemployment rates.
Housing
High scores in the housing category are attributed to this area, possibly pointing to a favorable home affordability ratio, robust appreciation rates or elevated home values.
Amenities
A large portion of amenities are not ideally situated within walking distance, potentially requiring residents to utilize a vehicle or public transportation.
Commute
Access to public transportation in this particular area may be limited, which can result in longer-than-average commute times to reach workplaces.
Florence is a smaller city located in the state of Mississippi. The city has a population of 4,446 people. If we look at the most recent Census, Florence is known to have a predominantly White population. The next two most common races are Black and Asian. Florence has a high percentage of people who are married with children when compared to the rest of the country. In total, more than 71% of the population is classified as married and 54% have kids. Long commute times to work can be incredibly frustrating, ranking just behind housework on the list of life's annoyances. If you opt to make Florence your home, your one-way commute time will typically last around 28 minutes, a duration that aligns with the national average commute time of 26 minutes.
Living in Florence can be a positive experience for anyone relocating to the city. Having said that, in the state of Mississippi, there are many amazing places to live, so choose wisely! When searching for a new neighborhood, several factors play a vital role in determining its suitability. Safety should be a top priority, ensuring a secure environment with low crime rates. Proximity to your workplace or school helps minimize commuting time and allows for a better work-life balance. Availability of essential amenities such as parks, coffee shops, restaurants, grocery stores, and healthcare facilities contributes to convenience and well-being. Access to reliable public transportation options facilitates easy commuting and connectivity. Additionally, considering the sense of community and the overall atmosphere that resonates with your lifestyle and preferences fosters a harmonious living experience. With useful information like amenities, commute, education, employment, housing and other key data points, finding the best places to live in Florence and in the areas around Florence is a much easier task.
Florence has a livability score of 77 out of 100 and is ranked #5 in Mississippi and #2,242 in the USA. Clearly, Florence is doing something right, as this score ranks well above the average of most cities. Florence has also earned the rare honor of ranking in the top 10 percentile among all cities. If we consider each of the categories on their own, we see that Florence ranks well for crime (A+), employment (A+) and housing (A). There are some categories that Florence scores poorly for, including: amenities (F). It might be worth taking a closer look to determine why.
Low rates of violent crime, encompassing offenses such as murder, rape, robbery and assault, contribute significantly to a safer living environment. This reduction in crime minimizes the chances of personal harm, property theft, or violent incidents. Furthermore, low crime rates can have a positive impact on property values and the overall desirability of an area. There were 85 crimes per 100,000 residents, which signifies that Florence boasts an impressively low violent crime rate that falls well below the national average.
The unemployment rate in Florence has consistently declined over the years and currently stands well below the national average at 1.59%. This downward trend holds the potential to reduce poverty and inequality within the region, promote higher wage levels and stimulate greater economic growth. Such positive indicators signal the overall robust health of the local economy, offering a promising outlook for its residents and fostering an environment of financial well-being and prosperity.
Real estate represents the most substantial investment for homebuyers, constituting their most valuable asset. Renters, on the other hand, typically see their monthly rent as their most significant expense. The Florence market earns a high score in the housing category, surpassing the national average in factors like home and rental affordability and appreciation rates. This robust real estate market not only benefits individual homeowners and renters but also spurs vigorous local economic activity and job growth, solidifying its significance in driving the region's prosperity and financial well-being.
Florence real estate prices and overall affordability will play a huge role in determining if the area is the right fit for you. Of course there are probably some other items on your “wish list”, but even before they are considered, let’s take a look at the home prices and affordability in Florence. The median home price for Florence homes is $162,500, which is 53.7% higher than the Mississippi average. If we take a closer look at the affordability of homes in Florence, we’ll see that the home price to income ratio is 2.3, which is 11.5% lower than the Mississippi average.
| Statistic | Florence | Mississippi | National |
| Average one way commute | 28min | 24min | 26min |
| Workers who drive to work | 82.6% | 84.7% | 76.4% |
| Workers who carpool | 3.7% | 9.7% | 9.3% |
| Workers who take public transit | 9.7% | 0.4% | 5.1% |
| Workers who bicycle | 0.0% | 0.1% | 0.6% |
| Workers who walk | 0.0% | 1.5% | 2.8% |
| Working from home | 4.0% | 2.2% | 4.6% |
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