Cost of Living in Florence, MT
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
135.1
100 = national avg
+35.1 vs national average
Living Wage (1 Adult)
$59,429
per year
Living Wage (Family of 4)
$140,469
per year
Cost Index by Category
Housing135.1
Food124.8
Transportation149.6
Healthcare119.8
Utilities121.9
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,145
per month
2 Bedroom
$1,423
per month
The overall cost of living index in Florence is 135.1, which is 35.1% above the national average. Housing costs are above the national average at an index of 135.1. A single adult needs to earn approximately $59,429 per year to cover basic expenses.