Cost of Living in Florence, NJ
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
143.6
100 = national avg
+43.6 vs national average
Living Wage (1 Adult)
$63,165
per year
Living Wage (Family of 4)
$149,300
per year
Cost Index by Category
Housing155.9
Food125.7
Transportation151.4
Healthcare120.5
Utilities126.6
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,520
per month
2 Bedroom
$1,810
per month
The overall cost of living index in Florence is 143.6, which is 43.6% above the national average. Housing costs are above the national average at an index of 155.9. A single adult needs to earn approximately $63,165 per year to cover basic expenses.