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South Carolina · Census place 25810

Florence city, SC

Quick answer

Florence city has 40,205 residents, ranking #10 of 475 places in South Carolina. Median household income is $56,433, the median home is worth $189,800 and median gross rent runs $922 a month.

Population
40,205Florence city residents
Median household income
$56,433Past 12 months, inflation adjusted
Median home value
$189,800Owner-occupied units
Median gross rent
$922Rent plus utilities, monthly
Median age
37.6 yrsAll residents
Homeownership rate
59.7%Owner-occupied households

What the numbers mean in Florence city

Housing cost measured against local earnings.

A household earning the Florence city median would spend about 19.6% 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 3.4× the median household income; nationally that ratio sits near 4.5×. Poverty affects 18.1% of residents and 59.7% of households own their home.

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

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