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CITY

Florence

New Jersey · 5,242 residents · 1.249 sq mi
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The short version

Florence has roughly average household income, with a median household income of $85,219. Population has held roughly steady since 2023. Median home value is $309,900.

At a glance
Average income
near the US median
US median: $82,259
Younger
median age 37.2
US median: 38.9
Less educated
24% hold a bachelor's degree
US average: 36%
Stable housing
home values roughly flat, inflation adjusted
US median home: $376,019
Section 01

Population & growth

Total population
5,242
+4%since 2023
from 5,027 in 2023
2011 – 2024
Population density
4,197 / sq mi
+4%since 2023
from 4,025 / sq mi in 2023
US average: 281
Median age
37.2
−4%since 2023
from 38.7 in 2023
US average: 38.9
Population, 2011 – 2024
4K4K5K5K5K201120202024Florence
20245K
201120202024
Section 02

Income & economy

Median household income
$85,219
−16%inflation adjusted, since 2023
from $99,020 in 2023
US average: $82,259
2011 – 2024
Per capita income
$36,475
−4%since 2023
from $37,990 in 2023
US average: $44,673
Households earning $100K+
59.6%
−2.4 ptssince 2023
from 62.0% in 2023
US average: 53.3%
Poverty rate
6.3%
−0.3 ptssince 2023
from 6.7% in 2023
US average: 12.5%
Income inequality (Gini)
0.371
+1%since 2023
from 0.367 in 2023
US average: 0.476
Workforce by industry, 2024
Information25.4%
US avg: 10.8%
Wholesale trade9.8%
US avg: 6.9%
Retail trade6.8%
US avg: 9.9%
Finance & insurance4.8%
US avg: 5.9%
Professional, scientific, technical4.5%
US avg: 5.1%
Transportation & warehousing3.2%
US avg: 2.2%
Arts, entertainment, food3.2%
US avg: 1.9%
Other services1.2%
US avg: 6.7%
Public administration1.2%
US avg: 4.8%
Education & health services0.3%
US avg: 0.9%
Agriculture, forestry, fishing0%
US avg: 1.6%
Construction0%
US avg: 1.2%
Manufacturing0%
US avg: 0.4%
BARS: THIS PLACE · TICKS: US AVERAGE
Section 03

Housing

Median home value
$309,900
+11%inflation adjusted, since 2023
from $270,100 in 2023
US average: $376,019
2011 – 2024
Median gross rent
$1,354
+5%inflation adjusted, since 2023
from $1,247 in 2023
US average: $1,442
Owner-occupied
66.2%
+0.9 ptssince 2023
from 65.3% in 2023
33.8% rent
Vacancy rate
3.4%
−0.6 ptssince 2023
from 4.0% in 2023
US average: 10.0%
Owner cost-burdened
13.7%
+0.8 ptssince 2023
from 12.8% in 2023
US average: 22.9%
Renter cost-burdened
50.0%
−3.9 ptssince 2023
from 53.9% in 2023
US average: 47.4%
Afford Score
3.6
+33%since 2023
from 2.7 in 2023
2011 – 2024
Gentrification Score
40
RELATED:See current rent listings in Florence on RentDataNow
Section 04

Race & ethnicity

2023
White, non-Hispanic66.2%(3,329)
Black6.3%(318)
Hispanic / Latino13.7%(688)
Asian6.3%(319)
Other7.4%(373)
Diversity Score66.1%(3,325)
2024
White, non-Hispanic57.8%(3,030)
Black15%(784)
Hispanic / Latino12.5%(655)
Asian5.5%(287)
Other9.3%(486)
Diversity Score77%(4,038)
Diversity Score
77
+16%since 2023
from 66 in 2023
2011 – 2024
Section 05

Education

Bachelor's degree or higher
24.3%
+3.8 ptssince 2023
from 20.4% in 2023
US average: 35.6%
High school or higher
90.7%
+5.1 ptssince 2023
from 85.6% in 2023
US average: 89.6%
Graduate degree
8.5%
+3.7 ptssince 2023
from 4.8% in 2023
US average: 14.0%
Section 06

Commute & transportation

Average commute
29.8 min
+6%since 2023
from 28.0 min in 2023
US average: 26.5
Drive alone to work
77.4%
−1.1 ptssince 2023
from 78.6% in 2023
US average: 68.9%
Carpooled to work
11.5%
+1.1 ptssince 2023
from 10.4% in 2023
US average: 8.5%
Public transit
0.8%
+0.8 ptssince 2023
from 0.0% in 2023
US average: 3.2%
Worked from home
5.7%
−0.1 ptssince 2023
from 5.8% in 2023
US average: 15.0%
Walked to work
1.8%
−1.1 ptssince 2023
from 2.9% in 2023
US average: 2.4%
Biked to work
1.1%
+0.6 ptssince 2023
from 0.5% in 2023
US average: 0.4%
No vehicle available
4.6%
−1.5 ptssince 2023
from 6.2% in 2023
US average: 8.3%
Section 07

Work & employment

Unemployment rate
7.1%
+0.5 ptssince 2023
from 6.6% in 2023
US average: 5.2%
Labor force participation
74.6%
−3.3 ptssince 2023
from 77.9% in 2023
US average: 63.5%
Self-employed
15.6%
+1.3 ptssince 2023
from 14.3% in 2023
US average: 13.1%
Management & professional
30.2%
+2.6 ptssince 2023
from 27.7% in 2023
US average: 42.5%
Section 08

People & community

Male
49.4%
−2.5 ptssince 2023
from 52.0% in 2023
Female
50.6%
+2.5 ptssince 2023
from 48.0% in 2023
Foreign born
12.0%
−1.3 ptssince 2023
from 13.3% in 2023
US average: 14.1%
Veterans
11.3%
+3.9 ptssince 2023
from 7.5% in 2023
US average: 6.2%
With a disability
12.0%
+1.2 ptssince 2023
from 10.8% in 2023
US average: 13.3%
Uninsured
4.2%
+1.0 ptssince 2023
from 3.2% in 2023
US average: 8.4%
Broadband at home
95.6%
+1.8 ptssince 2023
from 93.8% in 2023
US average: 91.0%
English only at home
85.0%
+1.4 ptssince 2023
from 83.7% in 2023
US average: 77.7%
Spanish at home
6.5%
−0.4 ptssince 2023
from 6.9% in 2023
US average: 13.6%
Drill deeper

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Head to head

Compare Florence to nearby cities

FLORENCE VS
Burlington
Income$84,813same
Home value$239,000−23%
Population10,243+95%
SEE FULL COMPARISON →
FLORENCE VS
White Horse
Income$105,758+24%
Home value$308,200−1%
Population10,507+100%
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FLORENCE VS
Trenton
Income$52,537−38%
Home value$160,700−48%
Population91,506+1646%
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FLORENCE VS
Mercerville
Income$128,277+51%
Home value$358,600+16%
Population13,535+158%
SEE FULL COMPARISON →
Frequently asked

How many people live in Florence, New Jersey?

Florence, New Jersey has about 5,242 residents according to the 2024 American Community Survey.

What is the median household income in Florence, New Jersey?

The typical household in Florence, New Jersey earns about $85,219 a year. Half of households make more than that, and half make less.

Is Florence, New Jersey expensive?

In Florence, New Jersey, the median home is worth about $309,900, and the typical rent is about $1,354 a month.

How educated are people in Florence, New Jersey?

About 24.3% of adults age 25 and over in Florence, New Jersey hold a bachelor's degree or higher.

What is the poverty rate in Florence, New Jersey?

About 6.3% of people in Florence, New Jersey live below the federal poverty line.

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DATA: US CENSUS BUREAU ACS 5-YEAR + DECENNIAL CENSUS · UPDATED 2024

How we source and harmonize this data →