Living in Florence, Alabama
Cost of living, income, home prices, rent and demographics of Florence · Census data 2020–2024
Florence has 41,701 residents with a median age of 35.1. The median household income is $52,174 (18% lower than the Alabama median), the median home value is $196,300, the median rent is $820/month.
Florence at a glance
- Population
- 41,701
- Median age
- 35.1State: 39.3
- Median household income
- $52,174State: $63,999
- Median home value
- $196,300State: $209,900
- Median rent
- $820/moState: $1,007
- Homeowners
- 52.1%
- Bachelor's degree or higher
- 34.5%
- Average commute
- 19 min
Is Florence a good place to live?
Pros: Home values 6% lower than the state median; an average commute of 19 minutes.
Cons: Median household income 18% lower than the Alabama median; unemployment of 6.3%; a poverty rate of 17.9%.
The weather is best in April–May and September–October.
Cost of living in Florence
Housing is the biggest part of the cost of living. In Florence the median home value is $196,300, 41% lower than the U.S. median. Renters pay a median of $820 per month, which is 26.3% of household income. Homeowners with a mortgage pay $1,185 a month in housing costs.
Florence median household income
The median household income in Florence is $52,174 and the income per person is $31,735. 17.9% of residents live below the poverty line (Alabama: 15.6%).
Housing in Florence: homes for sale and rent
- Housing units
- 20,139
- Owner-occupied
- 52.1%
- Renter-occupied
- 47.9%
- Vacant
- 11.9%Includes seasonal homes
- Median year built
- 1973
- Average household size
- 2.19
Florence demographics
- Population
- 41,701
- Median age
- 35.1
- Under 18
- 18.2%
- 65 and older
- 17.5%
- Households
- 17,745
- Foreign-born
- 4.2%
- Veterans
- 6.1%Adults 18+
Hispanic or Latino can be of any race. Population history of Florence ›
Education in Florence
34.5% of adults 25 and older in Florence have a bachelor's degree or higher (Alabama: 28.4%), and 13.6% have a graduate or professional degree.
Jobs and commute in Florence
- Unemployment rate
- 6.3%State: 4.7%
- Average commute
- 19 minState: 26 min
- Work from home
- 8.9%
- Drive alone
- 77.4%
- Public transit
- 0%
- Walk to work
- 2.5%
- Homes with broadband
- 87.9%
Florence vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Florence | 41,701 | $52,174 | $196,300 | $820 |
| St. Florian | 697 | $58,750 | $314,000 | $629 |
| Underwood-Petersville | 3,100 | $48,219 | $142,900 | $820 |
| Sheffield | 9,340 | $39,733 | $133,800 | $829 |
| Muscle Shoals | 16,951 | $75,894 | $199,700 | $1,029 |
| Killen | 1,150 | $69,722 | $175,000 | $960 |
| Tuscumbia | 9,115 | $59,143 | $196,700 | $748 |
| Leighton | 893 | $33,894 | — | $388 |
| Littleville | 932 | $55,817 | $142,400 | $817 |
More for people moving to Florence
Florence ZIP code ›Weather and climate ›Living in Florence: FAQ
What is the median household income in Florence, AL?
The median household income in Florence is $52,174, 18% lower than the Alabama median of $63,999 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Florence?
The median home value in Florence is $196,300, compared with $209,900 in Alabama.
How much is rent in Florence?
The median gross rent in Florence is $820 per month, about 26.3% of household income.
Is Florence, AL a good place to live?
Pluses: home values 6% lower than the state median; an average commute of 19 minutes. Minuses: median household income 18% lower than the Alabama median; unemployment of 6.3%; a poverty rate of 17.9%.
What is the median age in Florence?
The median age in Florence is 35.1 years (Alabama: 39.3).
How long is the commute in Florence?
The average commute to work in Florence is 19 minutes; 8.9% of workers work from home.
What is the unemployment rate in Florence?
The unemployment rate in Florence is 6.3% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Florence?
34.5% of adults in Florence have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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