Florence, Kentucky

City Profile — Demographics, Income, Education & Housing
Data: U.S. Census Bureau, American Community Survey 2022 5-Year Estimates
32,056
Population
$67,352
Median Income
$181,500
Home Value
39.3
Median Age

Demographics

Florence has a population of 32,056 with a median age of 39.3. Here is the racial and ethnic breakdown of the population:

White
83.6%
Black
6.0%
Hispanic
4.7%
Asian
3.2%
Other
2.5%
Demographic Value
Total Population32,056
Median Age39.3
White83.6%
Black or African American6.0%
Asian3.2%
Hispanic or Latino4.7%
Other / Two or More Races2.5%

Income & Economy

The median household income in Florence is $67,352, which is 10.4% below the national median of $75,149. The per capita income is $37,232. The poverty rate is 7.6%.

$67,352
Median Household Income
$37,232
Per Capita Income
7.6%
Poverty Rate

Employment

The unemployment rate in Florence is 2.8%, compared to the national rate of 5.4%.

Education

In Florence, 92.4% of residents age 25+ have a high school diploma or higher, and 26.7% hold a bachelor's degree or higher (10.1% with a graduate or professional degree).

HS Diploma+
92.4%
Bachelor's+
26.7%
Graduate+
10.1%
Education Level % of Adults (25+)
High School Diploma or Higher92.4%
Bachelor's Degree or Higher26.7%
Graduate or Professional Degree10.1%

Housing

The median home value in Florence is $181,500, below the national median of $281,900. The median monthly rent is $1,118. The homeownership rate is 56.6%.

$181,500
Median Home Value
$1,118/mo
Median Rent
56.6%
Homeownership Rate
Housing Metric Value
Median Home Value$181,500
Median Monthly Rent$1,118
Homeownership Rate56.6%
Vacancy Rate4.5%

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Frequently Asked Questions

What is the population of Florence, Kentucky?
The population of Florence, Kentucky is 32,056 according to U.S. Census Bureau ACS 2022 5-Year Estimates.
What is the median household income in Florence, Kentucky?
The median household income in Florence, Kentucky is $67,352. This is 10.4% below the national median of $75,149.
What is the median home value in Florence, Kentucky?
The median home value in Florence, Kentucky is $181,500. The median monthly rent is $1,118.
What percentage of people in Florence have a college degree?
In Florence, Kentucky, 26.7% of adults age 25 and older hold a bachelor's degree or higher, and 92.4% have a high school diploma or higher.
Is Florence, Kentucky an affordable place to live?
The home price-to-income ratio in Florence, Kentucky is 2.7x (median home value $181,500 vs. median income $67,352), making it relatively affordable by that measure. A ratio under 4.0 is generally considered affordable.

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