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Iron Mountain, MI-WI

Cost of living in Florence County, WI

Estimated monthly cost
$2,737/mo
for a single person, all categories combined

Population 4,617 · Last updated May 21, 2026

Cost breakdown

Single person, by category, per month.

Rent $760 28%
Healthcare $480 18%
Federal tax $478 17%
Groceries $329 12%
Transport $320 12%
Energy $179 7%
State tax $141 5%
Water $50 2%

Rent in Florence County

Fair Market Rents by bedroom count.

Studio
$706
per month
1 bedroom
$760
per month
2 bedroom
$997
per month
3 bedroom
$1,230
per month
4 bedroom
$1,387
per month

Source: HUD FMR FY2025

Income and earnings in Florence County

Annual earnings figures from the Census ACS.

Household income
$62,786
per year
Individual earnings
$39,263
per year
Per capita
$37,845
per year

Source: ACS 2019-2023 5-Year.

Home values in Florence County

Average values reported by homeowners.

Average home value
$170,000
Annual property tax
$2,224

Source: ACS 2019-2023 5-Year

Energy costs in Florence County

Estimated monthly electricity and gas costs.

Electricity
$121
per month · 17.3¢/kWh
Natural gas
$58
per month
Annual total
$2,148
per year

Source: EIA

Healthcare in Florence County

Insurance premiums and coverage rates.

Individual premium
$480
per month
Family premium
$1,350
per month
Uninsured rate
6.7%

Source: ACS + national avg. Marketplace benchmark premiums are second-lowest Silver plan estimates and do not reflect employer plans, subsidies, or out-of-pocket costs. This is not healthcare advice.

Taxes in Florence County

State and local tax rates for Wisconsin.

State income tax
7.7%
Top marginal rate
State sales tax
5.0%
Combined sales tax
5.4%
incl. average local

Tax rates change. Consult a qualified tax professional for advice on your specific situation. This is not tax advice.

Transportation in Florence County

Commute patterns and estimated costs.

Average commute
20.8 min
Drive alone
84.2%
Public transit
0.2%
Work from home
9.9%

Source: ACS

Monthly cost estimates for Florence County

What it costs to live in Florence County each month.

Single person
$2,737
per month
  • Rent $760
  • Energy $179
  • Water $50
  • Groceries $329
  • Transport $320
  • Healthcare $480
  • Federal tax $478
  • State tax $141
Couple
$4,043
per month
  • Rent $997
  • Energy $215
  • Water $60
  • Groceries $545
  • Transport $420
  • Healthcare $864
  • Federal tax $697
  • State tax $245
Family
$6,407
per month
  • Rent $1,230
  • Energy $268
  • Water $70
  • Groceries $827
  • Transport $520
  • Healthcare $1,350
  • Childcare $1,200
  • Federal tax $697
  • State tax $245

Frequently asked questions about Florence County

Common questions about cost of living, rent and salary.

What is the average rent in Florence County?

In Florence County, WI, a one-bedroom apartment averages $760 per month, a two-bedroom averages $997 per month, a three-bedroom averages $1,230 per month, according to HUD Fair Market Rent data.

What is the average salary in Florence County?

In Florence County, WI, the average household income is $62,786 per year and individual earnings for full-time workers average $39,263 per year, according to U.S. Census Bureau data.

What is the cost of living in Florence County?

The estimated cost of living in Florence County, WI is approximately $2,737 per month for a single person, $4,043 for a couple, $6,407 for a family. This includes rent, utilities, groceries, transportation, healthcare, and taxes.

What is the sales tax rate in Florence County?

The combined sales tax rate in Florence County, WI is 5.44%, which includes the Wisconsin state rate of 5.00% plus an average local rate of 0.44%.

Is Florence County an affordable place to live?

Based on the data, a single person in Florence County, WI would need approximately $2,737 per month to cover rent, utilities, food, transport, healthcare, and taxes. The average household income is $62,786 per year ($5,232 per month). Florence County has a moderate cost of living relative to local earnings.

How much does healthcare cost in Florence County?

The ACA marketplace benchmark premium in Florence County, WI is approximately $480 per month for an individual. Approximately 6.7% of residents are uninsured. Actual costs vary based on employer coverage, plan type, and individual circumstances.

What are house prices in Florence County?

The average home value in Florence County, WI is $170,000, with average annual property taxes of $2,224, according to U.S. Census Bureau data.

How does Florence County compare to other areas?

You can compare Florence County, WI with any other US county using our comparison tool at /compare. Florence County is in the Iron Mountain, MI-WI metro area.

Other counties in Wisconsin

Browse the full list of counties in Wisconsin, ranked by cost of living.

See all counties in Wisconsin

Compare Florence County with another area

Put two counties side by side to see how rent, taxes and everyday costs stack up.

About this data

All figures on this page come from official U.S. government sources, listed below.

  • HUD FMR FY2025
  • ACS 2019-2023 5-Year
  • EIA
  • ACS + national avg
  • ACS
  • USDA + BEA RPP
Methodology All data sources