Last updated: 2024 BLS data · Page refreshed:
Florence has a population of 40,408 with a median age of 37.8. Here is the racial and ethnic breakdown of the population:
| Demographic | Value |
|---|---|
| Total Population | 40,408 |
| Median Age | 37.8 |
| White | 41.4% |
| Black or African American | 49.9% |
| Asian | 3.2% |
| Hispanic or Latino | 4.6% |
| Other / Two or More Races | 0.9% |
The median household income in Florence is $56,143, which is 30.4% below the national median of $80,610. The per capita income is $34,306. The poverty rate is 18.9%.
The unemployment rate in Florence is 4.4%, compared to the national rate of 4.1%.
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In Florence, 88.3% of residents age 25+ have a high school diploma or higher, and 30.4% hold a bachelor's degree or higher (13.5% with a graduate or professional degree).
| Education Level | % of Adults (25+) |
|---|---|
| High School Diploma or Higher | 88.3% |
| Bachelor's Degree or Higher | 30.4% |
| Graduate or Professional Degree | 13.5% |
The median home value in Florence is $211,400, below the national median of $303,400. The median monthly rent is $992. The homeownership rate is 58.4%.
| Housing Metric | Value |
|---|---|
| Median Home Value | $211,400 |
| Median Monthly Rent | $992 |
| Homeownership Rate | 58.4% |
| Vacancy Rate | 14.1% |
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