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Florence, Montana

Last updated: 2024 BLS data · Page refreshed:

City Profile — Demographics, Income, Education & Housing
Data: U.S. Census Bureau, American Community Survey 2024 5-Year Estimates
923
Population
$102,222
Median Income
$486,000
Home Value
58.5
Median Age

Demographics

Florence has a population of 923 with a median age of 58.5. Here is the racial and ethnic breakdown of the population:

White
83.2%
Hispanic
8.5%
Other
8.3%
Demographic Value
Total Population923
Median Age58.5
White83.2%
Hispanic or Latino8.5%
Other / Two or More Races8.3%
Florence, Montana — racial composition (Census ACS 2024)Donut chart of 3 segments totaling 100.White: 83.2%Hispanic/Latino: 8.5%Other: 8.3%923PopulationWhiteWhite83.2%Hispanic/LatinoHispanic/Latino8.5%OtherOther8.3%

Income & Economy

The median household income in Florence is $102,222, which is 26.8% above the national median of $80,610. The per capita income is $47,876. The poverty rate is 6.1%.

$102,222
Median Household Income
$47,876
Per Capita Income
6.1%
Poverty Rate

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Education

In Florence, 98.8% of residents age 25+ have a high school diploma or higher, and 34.4% hold a bachelor's degree or higher (4.5% with a graduate or professional degree).

HS Diploma+
98.8%
Bachelor's+
34.4%
Graduate+
4.5%
Education Level % of Adults (25+)
High School Diploma or Higher98.8%
Bachelor's Degree or Higher34.4%
Graduate or Professional Degree4.5%

Housing

The median home value in Florence is $486,000, above the national median of $303,400. The median monthly rent is $631. The homeownership rate is 88.3%.

$486,000
Median Home Value
$631/mo
Median Rent
88.3%
Homeownership Rate
Housing Metric Value
Median Home Value$486,000
Median Monthly Rent$631
Homeownership Rate88.3%

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Frequently Asked Questions

What is the population of Florence, Montana?
The population of Florence, Montana is 923 according to U.S. Census Bureau ACS 2024 5-Year Estimates.
What is the median household income in Florence, Montana?
The median household income in Florence, Montana is $102,222. This is 26.8% above the national median of $80,610.
What is the median home value in Florence, Montana?
The median home value in Florence, Montana is $486,000. The median monthly rent is $631.
What percentage of people in Florence have a college degree?
In Florence, Montana, 34.4% of adults age 25 and older hold a bachelor's degree or higher, and 98.8% have a high school diploma or higher.
Is Florence, Montana an affordable place to live?
The home price-to-income ratio in Florence, Montana is 4.8x (median home value $486,000 vs. median income $102,222), making it moderately affordable by that measure. A ratio under 4.0 is generally considered affordable.

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