Florence has a population of 39,931 with a median age of 38.0. Here is the racial and ethnic breakdown of the population:
| Demographic | Value |
|---|---|
| Total Population | 39,931 |
| Median Age | 38.0 |
| White | 43.2% |
| Black or African American | 50.4% |
| Asian | 2.7% |
| Hispanic or Latino | 2.4% |
| Other / Two or More Races | 1.3% |
The median household income in Florence is $56,031, which is 25.4% below the national median of $75,149. The per capita income is $33,867. The poverty rate is 18.8%.
The unemployment rate in Florence is 4.8%, compared to the national rate of 5.4%.
In Florence, 89.2% of residents age 25+ have a high school diploma or higher, and 31.0% hold a bachelor's degree or higher (13.4% with a graduate or professional degree).
| Education Level | % of Adults (25+) |
|---|---|
| High School Diploma or Higher | 89.2% |
| Bachelor's Degree or Higher | 31.0% |
| Graduate or Professional Degree | 13.4% |
The median home value in Florence is $175,700, below the national median of $281,900. The median monthly rent is $868. The homeownership rate is 59.0%.
| Housing Metric | Value |
|---|---|
| Median Home Value | $175,700 |
| Median Monthly Rent | $868 |
| Homeownership Rate | 59.0% |
| Vacancy Rate | 14.8% |
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