Living in Florence, Kentucky
Cost of living, income, home prices, rent and demographics of Florence · Census data 2020–2024
Florence has 32,803 residents with a median age of 38.9. The median household income is $71,003 (11% higher than the Kentucky median), the median home value is $210,700, the median rent is $1,329/month.
Florence at a glance
- Population
- 32,803
- Median age
- 38.9State: 39.1
- Median household income
- $71,003State: $63,726
- Median home value
- $210,700State: $205,600
- Median rent
- $1,329/moState: $967
- Homeowners
- 57.5%
- Bachelor's degree or higher
- 26.4%
- Average commute
- 23 min
Is Florence a good place to live?
Pros: Median household income 11% higher than the Kentucky median; an average commute of 23 minutes; unemployment of 3.1%; a poverty rate of 9.5%.
Cons: Home values about the same as the state median.
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 $210,700, 37% lower than the U.S. median. Renters pay a median of $1,329 per month, which is 27.2% of household income. Homeowners with a mortgage pay $1,398 a month in housing costs.
Florence median household income
The median household income in Florence is $71,003 and the income per person is $40,622. 9.5% of residents live below the poverty line (Kentucky: 16.1%).
Housing in Florence: homes for sale and rent
- Housing units
- 14,499
- Owner-occupied
- 57.5%
- Renter-occupied
- 42.5%
- Vacant
- 4%Includes seasonal homes
- Median year built
- 1985
- Average household size
- 2.31
Florence demographics
- Population
- 32,803
- Median age
- 38.9
- Under 18
- 20.7%
- 65 and older
- 19.6%
- Households
- 13,926
- Foreign-born
- 9.4%
- Veterans
- 8.4%Adults 18+
Hispanic or Latino can be of any race. Population history of Florence ›
Education in Florence
26.4% of adults 25 and older in Florence have a bachelor's degree or higher (Kentucky: 27.6%), and 8.9% have a graduate or professional degree.
Jobs and commute in Florence
- Unemployment rate
- 3.1%State: 4.9%
- Average commute
- 23 minState: 24 min
- Work from home
- 11.4%
- Drive alone
- 76.9%
- Public transit
- 0.9%
- Walk to work
- 0%
- Homes with broadband
- 91.6%
Florence vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Florence | 32,803 | $71,003 | $210,700 | $1,329 |
| Oakbrook | 10,211 | $94,652 | $260,700 | $1,665 |
| Elsmere | 9,205 | $60,503 | $171,900 | $1,351 |
| Union | 7,642 | $136,712 | $411,500 | $1,657 |
| Erlanger | 19,875 | $75,840 | $209,000 | $970 |
| Burlington | 18,008 | $109,308 | $254,300 | $1,489 |
| Crestview Hills | 3,284 | $95,441 | $279,800 | $1,481 |
| Edgewood | 8,447 | $119,028 | $312,200 | $1,073 |
| Lakeside Park | 2,828 | $128,650 | $360,400 | $1,154 |
More for people moving to Florence
Florence ZIP code ›Weather and climate ›Living in Florence: FAQ
What is the median household income in Florence, KY?
The median household income in Florence is $71,003, 11% higher than the Kentucky median of $63,726 (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 $210,700, compared with $205,600 in Kentucky.
How much is rent in Florence?
The median gross rent in Florence is $1,329 per month, about 27.2% of household income.
Is Florence, KY a good place to live?
Pluses: median household income 11% higher than the Kentucky median; an average commute of 23 minutes; unemployment of 3.1%; a poverty rate of 9.5%. Minuses: home values about the same as the state median.
What is the median age in Florence?
The median age in Florence is 38.9 years (Kentucky: 39.1).
How long is the commute in Florence?
The average commute to work in Florence is 23 minutes; 11.4% of workers work from home.
What is the unemployment rate in Florence?
The unemployment rate in Florence is 3.1% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Florence?
26.4% 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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