New Jersey · Census place 23820
Florence CDP, NJ
Quick answer
Florence CDP has 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.
- 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
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
Compare with nearby places
Places of similar size in New Jersey.
- Ledgewood CDP 5,150
- Wildwood city 5,140
- Beckett CDP 5,072
- Ellisburg CDP 5,021
- Forked River CDP 4,988
- Mendham borough 4,977
- Ampere North CDP 4,968
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