What is the population of Florence CDP?

Florence CDP has 5,027 residents on Census ACS 2019-2023 ACS 5-year estimates, ranking #291 of 700 in New Jersey.

What is the median household income in Florence CDP?

Median household income in Florence CDP is $99,020 a year, 26.1% above the national figure of $78,538.

How much does it cost to rent or buy in Florence CDP?

Median gross rent is $1,247 a month and the median home value is $270,100, so rent absorbs about 15.1% of median household income.

Is Florence CDP affordable compared with the rest of the US?

Homes cost about 2.7× the local median income here versus roughly 3.9× nationally, so Florence CDP is more affordable to buy in than the typical US market, and rent takes 15.1% of median income against the 30% cost-burden line.

Aerial view of a dense city center, illustrating the US cities ZIP code directory

New Jersey · Census place 23820

Florence, NJ population, income and ZIP codes

Quick answer

The population of the city of Florence, New Jersey (Florence, NJ — Census place “Florence CDP”) is 5,027 residents, ranking #291 of 700 places in New Jersey. Median household income is $99,020, the median home is worth $270,100 and median gross rent runs $1,247 a month. Looking for the Florence New Jersey ZIP code list? 1 ZIP codes serve Florence, NJ: 08518.

Population: 5,027Florence CDP residents
Median household income: $99,020Past 12 months, inflation adjusted
Median home value: $270,100Owner-occupied units
Median gross rent: $1,247Rent plus utilities, monthly
Median age: 38.7 yrsAll residents
Homeownership rate: 65.3%Owner-occupied households

Florence ZIP codes (New Jersey)

Census ZCTAs whose delivery area overlaps Florence.

The Florence NJ ZIP code list below covers 1 ZIP code. Open any one for its population, income, housing and rent profile.

08518

What the numbers mean in Florence CDP

Housing cost measured against local earnings.

A household earning the Florence CDP median would spend about 15.1% of gross income on the median rent. The 30% mark is the federal threshold for cost burden, so anything above it signals a stretched rental market. The median home costs 2.7× the median household income; nationally that ratio sits near 4.5×. Poverty affects 6.7% of residents and 65.3% of households own their home.

Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year

Florence CDP, NJ in context

How this area compares with national benchmarks.

Florence CDP is a mid-size town in New Jersey, with 5,027 residents counted in the Census American Community Survey 2019-2023 ACS 5-year estimates, which places it #291 of 700 ranked by population — larger than 58% of them. The median age here is 38.7 years against 39.1 nationally, a slightly younger profile than the country as a whole. Places under 65,000 residents only appear in the five-year release, never the one-year file, so these values pool sixty months of responses and lag the current year by design.

Households in Florence CDP earn a median of $99,020 a year, 26.1% above the national figure of $78,538 and 7% below the $106,926 median for the 543 New Jersey cities we cover. Median household income counts every pre-tax dollar arriving at an address — wages, self-employment, Social Security, pensions, interest and public assistance — for everyone living there, so multi-earner households pull the figure up even where individual pay is modest. Poverty reaches 6.7% of residents here, below the 12.4% national rate.

The typical owner-occupied home in Florence CDP is valued at $270,100, 11% below the national figure and 35% below the $412,500 peer median, while median gross rent runs $1,247 a month, 11.3% below the national figure, or roughly $14,964 across a full year. A household on the local median income would put about 15.1% of gross pay toward that rent against the federal 30% cost-burden threshold, so renting here is cheap relative to what people here earn. The home-price-to-income ratio works out to 2.7×, against roughly 3.9× nationally, so buying is easier here than in the average US market. 65.3% of occupied homes are owner-occupied versus 65% nationally, so the market leans toward owners. The rent line includes utilities paid by the tenant, a definition worth remembering when comparing it against a landlord's quoted rate.

No figure on this page is estimated by us; each one comes straight from the published ACS tables for this area. Small-area estimates still carry wider margins of error than state or national figures, so check the linked ACS tables before relying on them for lending, appraisal or legal work.

Compare with nearby places

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Frequently asked questions

Common questions about this area.

What is the population of Florence CDP?: Florence CDP has 5,027 residents on Census ACS 2019-2023 ACS 5-year estimates, ranking #291 of 700 in New Jersey.
What is the median household income in Florence CDP?: Median household income in Florence CDP is $99,020 a year, 26.1% above the national figure of $78,538.
How much does it cost to rent or buy in Florence CDP?: Median gross rent is $1,247 a month and the median home value is $270,100, so rent absorbs about 15.1% of median household income.
Is Florence CDP affordable compared with the rest of the US?: Homes cost about 2.7× the local median income here versus roughly 3.9× nationally, so Florence CDP is more affordable to buy in than the typical US market, and rent takes 15.1% of median income against the 30% cost-burden line.
How current is this Florence CDP data?: All figures come from the US Census Bureau American Community Survey 2019-2023 ACS 5-year five-year estimates. Places under 65,000 residents only appear in the five-year release, never the one-year file, so these values pool sixty months of responses and lag the current year by design.