Living in Florence, Colorado
Cost of living, income, home prices, rent and demographics of Florence · Census data 2020–2024
Florence has 3,885 residents with a median age of 37.4. The median household income is $50,262 (47% lower than the Colorado median), the median home value is $249,700, the median rent is $754/month.
Florence at a glance
- Population
- 3,885
- Median age
- 37.4State: 37.7
- Median household income
- $50,262State: $95,470
- Median home value
- $249,700State: $539,400
- Median rent
- $754/moState: $1,761
- Homeowners
- 67.9%
- Bachelor's degree or higher
- 17.1%
- Average commute
- 28 min
Is Florence a good place to live?
Pros: Home values 54% lower than the state median; unemployment of 2.2%.
Cons: Median household income 47% lower than the Colorado median; an average commute of 28 minutes; a poverty rate of 12.2%.
The weather is best in May–June and August–September.
Cost of living in Florence
Housing is the biggest part of the cost of living. In Florence the median home value is $249,700, 25% lower than the U.S. median. Renters pay a median of $754 per month, which is 28.4% of household income. Homeowners with a mortgage pay $1,450 a month in housing costs.
Florence median household income
The median household income in Florence is $50,262 and the income per person is $26,640. 12.2% of residents live below the poverty line (Colorado: 9.4%).
Housing in Florence: homes for sale and rent
- Housing units
- 1,631
- Owner-occupied
- 67.9%
- Renter-occupied
- 32.1%
- Vacant
- 3.7%Includes seasonal homes
- Median year built
- 1974
- Average household size
- 2.42
Florence demographics
- Population
- 3,885
- Median age
- 37.4
- Under 18
- 20.5%
- 65 and older
- 19.2%
- Households
- 1,571
- Foreign-born
- 4%
- Veterans
- 11.6%Adults 18+
Hispanic or Latino can be of any race. Population history of Florence ›
Education in Florence
17.1% of adults 25 and older in Florence have a bachelor's degree or higher (Colorado: 45.7%), and 4.2% have a graduate or professional degree.
Jobs and commute in Florence
- Unemployment rate
- 2.2%State: 4.6%
- Average commute
- 28 minState: 25 min
- Work from home
- 7.8%
- Drive alone
- 80.9%
- Public transit
- 0%
- Walk to work
- 2.5%
- Homes with broadband
- 78.7%
Florence vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Florence | 3,885 | $50,262 | $249,700 | $754 |
| Coal Creek | 324 | $34,000 | $199,000 | $1,225 |
| Rockvale | 695 | $46,250 | $191,200 | $983 |
| Williamsburg | 770 | $50,250 | $227,000 | $1,250 |
| Brookside | 276 | $62,813 | $357,100 | $1,364 |
| Penrose | 4,087 | $88,109 | $308,800 | $1,321 |
| Lincoln Park | 3,986 | $60,036 | $295,800 | $1,148 |
| Cañon City | 17,122 | $64,787 | $316,100 | $997 |
| Park Center | 2,588 | $72,212 | $386,200 | $1,159 |
More for people moving to Florence
Florence ZIP code ›Weather and climate ›Living in Florence: FAQ
What is the median household income in Florence, CO?
The median household income in Florence is $50,262, 47% lower than the Colorado median of $95,470 (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 $249,700, compared with $539,400 in Colorado.
How much is rent in Florence?
The median gross rent in Florence is $754 per month, about 28.4% of household income.
Is Florence, CO a good place to live?
Pluses: home values 54% lower than the state median; unemployment of 2.2%. Minuses: median household income 47% lower than the Colorado median; an average commute of 28 minutes; a poverty rate of 12.2%.
What is the median age in Florence?
The median age in Florence is 37.4 years (Colorado: 37.7).
How long is the commute in Florence?
The average commute to work in Florence is 28 minutes; 7.8% of workers work from home.
What is the unemployment rate in Florence?
The unemployment rate in Florence is 2.2% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Florence?
17.1% 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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