Similar to the surrounding areas, it is significantly less expensive compared to the rest of the nation. It's significantly less expensive compared to the city of Marquette.
Home prices
The cost of the median home in Florence is $72,500. This is roughly $2,380 (3%) lower compared to its surrounding areas.It is roughly $145,000 (66%) lower in comparison to the entire nation, and is approximately $114,800 (61%) lower in comparison to the city of Marquette.
Rents
The median rent in Florence is $275 a month. In comparison to its nearby areas this is approximately $356 (56%) lower.It is about $787 (74%) lower in comparison to the entire country, and is about $520 (65%) lower compared to the city of Marquette.
Nearby places
Alpha
Alpha is about 8 miles northwest of Florence. Its housing prices are substantially less expensive. The median home price in Alpha is $40,500, which is $32,000 (79%) lower than Florence. Its rents are substantially more expensive. Alpha's median monthly rent is $517, which comes out to $242 (46%) higher than Florence.
Kingsford
Kingsford is about 9 miles southeast from Florence. Real estate prices there are a little more expensive. Kingsford's median home price is $93,000, which works out to $20,500 (22%) higher than Florence. The rent there is substantially more expensive. Kingsford's median rent is $653 per month, which comes out to $378 (57%) higher than Florence.
Iron Mountain
Iron Mountain is about 9 miles southeast of Florence. The real estate prices there are a bit more expensive. The median home price in Iron Mountain is $85,800, which works out to $13,300 (15%) higher than Florence. Rent there is substantially more expensive. The median monthly rent in Iron Mountain is $670, which is $395 (58%) higher than Florence.
Crystal Falls
Crystal Falls is roughly 11 miles north of Florence. Real estate prices there are somewhat less expensive. Crystal Falls's median home value is $63,000, which comes out to $9,500 (15%) lower than Florence. Its rents are a lot more expensive. In Crystal Falls the median monthly rent is $533, which comes out to $258 (48%) higher than Florence.
Quinnesec
Quinnesec is roughly 12 miles southeast of Florence. The real estate prices there are somewhat more expensive. The median home in Quinnesec costs $92,100, which works out to $19,600 (21%) higher than Florence. Rent there is substantially more expensive. The median monthly rent in Quinnesec is $783, which comes out to $508 (64%) higher than Florence.
