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Florence, New Jersey

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
5,242
Population
$85,219
Median Income
$309,900
Home Value
37.2
Median Age

Demographics

Florence has a population of 5,242 with a median age of 37.2. Here is the racial and ethnic breakdown of the population:

White
65.9%
Black
15.2%
Hispanic
12.5%
Asian
5.5%
Other
0.9%
Demographic Value
Total Population5,242
Median Age37.2
White65.9%
Black or African American15.2%
Asian5.5%
Hispanic or Latino12.5%
Other / Two or More Races0.9%
Florence, New Jersey — racial composition (Census ACS 2024)Donut chart of 5 segments totaling 100.White: 65.9%Black: 15.2%Hispanic/Latino: 12.5%Asian: 5.5%Other: 0.9%5,242PopulationWhiteWhite65.9%BlackBlack15.2%Hispanic/LatinoHispanic/Latino12.5%AsianAsian5.5%OtherOther0.9%

Income & Economy

The median household income in Florence is $85,219, which is 5.7% above the national median of $80,610. The per capita income is $36,475. The poverty rate is 6.3%.

$85,219
Median Household Income
$36,475
Per Capita Income
6.3%
Poverty Rate

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Education

In Florence, 90.7% of residents age 25+ have a high school diploma or higher, and 24.3% hold a bachelor's degree or higher (8.5% with a graduate or professional degree).

HS Diploma+
90.7%
Bachelor's+
24.3%
Graduate+
8.5%
Education Level % of Adults (25+)
High School Diploma or Higher90.7%
Bachelor's Degree or Higher24.3%
Graduate or Professional Degree8.5%

Housing

The median home value in Florence is $309,900, above the national median of $303,400. The median monthly rent is $1,354. The homeownership rate is 66.2%.

$309,900
Median Home Value
$1,354/mo
Median Rent
66.2%
Homeownership Rate
Housing Metric Value
Median Home Value$309,900
Median Monthly Rent$1,354
Homeownership Rate66.2%
Vacancy Rate3.4%

Salaries in New Jersey

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Frequently Asked Questions

What is the population of Florence, New Jersey?
The population of Florence, New Jersey is 5,242 according to U.S. Census Bureau ACS 2024 5-Year Estimates.
What is the median household income in Florence, New Jersey?
The median household income in Florence, New Jersey is $85,219. This is 5.7% above the national median of $80,610.
What is the median home value in Florence, New Jersey?
The median home value in Florence, New Jersey is $309,900. The median monthly rent is $1,354.
What percentage of people in Florence have a college degree?
In Florence, New Jersey, 24.3% of adults age 25 and older hold a bachelor's degree or higher, and 90.7% have a high school diploma or higher.
Is Florence, New Jersey an affordable place to live?
The home price-to-income ratio in Florence, New Jersey is 3.6x (median home value $309,900 vs. median income $85,219), making it relatively affordable by that measure. A ratio under 4.0 is generally considered affordable.

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