Cost of Living in Florence County, Wisconsin

$871/mo
Median Monthly Rent
$170,000
Median Home Value
2% below state averageUnaffordable

At a Glance

Median Monthly Rent
$871/mo
2% below state average
Median Home Value
$170,000
40% below national
Rent-to-Income Ratio
22.0%
% of income spent on rent

Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)

Affordability Rating
Unaffordable
Rent over 50% of income

How Florence County Compares

Median monthly rent comparison

Florence County$871/mo
Wisconsin Average$891/mo
National Median$1,163/mo

Detailed Housing Stats

$871/mo
Median Gross Rent
$170,000
Median Home Value
$773/mo
Monthly Owner Cost
22.0%
Rent-to-Income Ratio

Data Story

About Cost of Living in Florence County, Wisconsin

Florence County fights affordability challenges

Renters in Florence County spend 16.6% of their income on housing—well above the national average of 14.9%. The county's median household income of $62,786 lags the national average by over $12,000, making housing costs particularly burdensome here.

Wisconsin's most stretched renters

Florence County's 16.6% rent-to-income ratio represents some of the tightest affordability in Wisconsin, exceeding the state average of 14.9% by a notable margin. With a median income below state norms and median rent of $871, Florence residents face real affordability pressures.

Lowest income, highest housing stress

Florence's $62,786 median income ranks as the second-lowest in this county group, yet its 16.6% rent burden is among the highest. Only Forest County comes close in terms of strained affordability, though Forest's lower rent of $585 gives residents more breathing room.

Renters and owners both squeezed

Florence renters spend $871 monthly while homeowners commit $773 to mortgages on a median income of just $62,786. Housing costs consume roughly 26% of household income, a manageable share in numbers but tight in practice given low overall earnings.

Affordability exists, but income matters most

Florence County's strength lies in its lower absolute housing costs, but the real challenge here is low median household income. Relocating here makes sense only if you bring remote work or specialized skills that command solid wages in this rural, economically challenged region.

Affordability Calculator

See how your income compares to housing costs in Florence County

$

Rent Burden

16.6%

of gross income

Max Housing (28% Rule)

$1,465

per month

Owner Cost Burden

14.8%

of gross income

You can likely afford the median home in Florence County

Median home value is $170,000. Estimated monthly cost: $1,357 vs. your max of $1,465.

Rent Affordability Guide

Your rent-to-income ratio16.6%
Recommended max30.0%

Frequently Asked Questions

What is the cost of living in Florence County, Wisconsin?
Florence County, Wisconsin has a median monthly rent of $871/mo and a median home value of $170,000. The affordability rating is Unaffordable, with rent making up approximately 22.0% of median household income.
What is the median rent in Florence County?
The median gross rent in Florence County is $871/mo. This is 2% below state average for Wisconsin.
Is Florence County affordable?
Florence County is rated Unaffordable based on rent-to-income ratio of 22.0%. Spending over 50% of income on rent is generally considered unaffordable.
How does Florence County's rent compare to the state average?
Florence County's median rent of $871/mo is 2% below state average of $891/mo for Wisconsin.
What is the median home value in Florence County?
The median home value in Florence County, Wisconsin is $170,000. This is 40% below the national median home value of $281,900.
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Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.