Cost of Living in Florence
Florence's cost of living centers on a real, disclosed housing-price spread and a Boone County property tax layer, offset by Kentucky's genuinely favorable flat state income tax.
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Learn moreA real, disclosed housing-cost spread
Florence home values carried a genuinely disclosed spread this pass: Zillow's own average ran approximately $293,150, while other sources cited $275,000-$280,000 -- confirm current listings directly.
A real, current 2026 property tax cut
Boone County genuinely CUT its real property tax rate for 2026, to 8.2 cents per $100 of assessed value, down from 8.5 cents -- though Florence's own city-plus-county effective rate still ran modestly above Kentucky's statewide range at approximately 1.00%.
Kentucky's favorable flat income tax
Kentucky's real, flat state income tax was cut to 3.5% effective January 1, 2026, with a genuinely simple flat 6% sales tax and no local add-ons.
Key takeaways
- Florence's housing costs carried a real, disclosed spread ($275,000-$293,150) across sources reviewed this pass.
- Boone County's 2026 property tax rate was genuinely cut, though Florence's own effective rate (~1.00%) still runs modestly above Kentucky's statewide range.
- Kentucky's flat 3.5% income tax (2026) and flat 6% sales tax (no local add-ons) both apply in Florence.
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