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Florence, South Carolina

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
40,408
Population
$56,143
Median Income
$211,400
Home Value
37.8
Median Age

Demographics

Florence has a population of 40,408 with a median age of 37.8. Here is the racial and ethnic breakdown of the population:

Black
49.9%
White
41.4%
Hispanic
4.6%
Asian
3.2%
Other
0.9%
Demographic Value
Total Population40,408
Median Age37.8
White41.4%
Black or African American49.9%
Asian3.2%
Hispanic or Latino4.6%
Other / Two or More Races0.9%
Florence, South Carolina — racial composition (Census ACS 2024)Donut chart of 5 segments totaling 100.Black: 49.9%White: 41.4%Hispanic/Latino: 4.6%Asian: 3.2%Other: 0.9%40,408PopulationBlackBlack49.9%WhiteWhite41.4%Hispanic/LatinoHispanic/Latino4.6%AsianAsian3.2%OtherOther0.9%

Income & Economy

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%.

$56,143
Median Household Income
$34,306
Per Capita Income
18.9%
Poverty Rate

Employment

The unemployment rate in Florence is 4.4%, compared to the national rate of 4.1%.

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Education

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).

HS Diploma+
88.3%
Bachelor's+
30.4%
Graduate+
13.5%
Education Level % of Adults (25+)
High School Diploma or Higher88.3%
Bachelor's Degree or Higher30.4%
Graduate or Professional Degree13.5%

Housing

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%.

$211,400
Median Home Value
$992/mo
Median Rent
58.4%
Homeownership Rate
Housing Metric Value
Median Home Value$211,400
Median Monthly Rent$992
Homeownership Rate58.4%
Vacancy Rate14.1%

Salaries in South Carolina

Explore salary data for popular occupations in South Carolina:

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Other Cities in South Carolina

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Frequently Asked Questions

What is the population of Florence, South Carolina?
The population of Florence, South Carolina is 40,408 according to U.S. Census Bureau ACS 2024 5-Year Estimates.
What is the median household income in Florence, South Carolina?
The median household income in Florence, South Carolina is $56,143. This is 30.4% below the national median of $80,610.
What is the median home value in Florence, South Carolina?
The median home value in Florence, South Carolina is $211,400. The median monthly rent is $992.
What percentage of people in Florence have a college degree?
In Florence, South Carolina, 30.4% of adults age 25 and older hold a bachelor's degree or higher, and 88.3% have a high school diploma or higher.
Is Florence, South Carolina an affordable place to live?
The home price-to-income ratio in Florence, South Carolina is 3.8x (median home value $211,400 vs. median income $56,143), making it relatively affordable by that measure. A ratio under 4.0 is generally considered affordable.

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