Living in Florence, Minnesota
Cost of living, income, home prices, rent and demographics of Florence · Census data 2020–2024
Florence has 25 residents with a median age of 29.9. The median household income is $64,583 (27% lower than the Minnesota median), the median home value is $150,000.
Florence is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Florence at a glance
- Population
- 25
- Median age
- 29.9State: 38.8
- Median household income
- $64,583State: $89,062
- Median home value
- $150,000State: $329,300
- Homeowners
- 85.7%
- Bachelor's degree or higher
- 6.3%
Is Florence a good place to live?
Pros: Home values 54% lower than the state median.
Cons: Median household income 27% lower than the Minnesota median; a poverty rate of 16%.
The weather is best in June to September.
Cost of living in Florence
Housing is the biggest part of the cost of living. In Florence the median home value is $150,000, 55% lower than the U.S. median. Renters pay a median of — per month. Homeowners with a mortgage pay — a month in housing costs.
Florence median household income
The median household income in Florence is $64,583 and the income per person is $28,668. 16% of residents live below the poverty line (Minnesota: 9.3%).
Housing in Florence: homes for sale and rent
- Housing units
- 13
- Owner-occupied
- 85.7%
- Renter-occupied
- 14.3%
- Vacant
- 46.2%Includes seasonal homes
- Median year built
- 1938
- Average household size
- 3.57
46.2% of homes are vacant most of the year, a sign that Florence has many vacation and second homes.
Florence demographics
- Population
- 25
- Median age
- 29.9
- Under 18
- 36%
- 65 and older
- 28%
- Households
- 7
- Foreign-born
- 0%
- Veterans
- 0%Adults 18+
Hispanic or Latino can be of any race. Population history of Florence ›
Education in Florence
6.3% of adults 25 and older in Florence have a bachelor's degree or higher (Minnesota: 39.4%), and 0% have a graduate or professional degree.
Jobs and commute in Florence
- Unemployment rate
- 0%State: 4.1%
- Average commute
- —State: 23 min
- Work from home
- 12.5%
- Drive alone
- 87.5%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 100%
Florence vs nearby towns
More for people moving to Florence
Florence ZIP code ›Weather and climate ›Living in Florence: FAQ
What is the median household income in Florence, MN?
The median household income in Florence is $64,583, 27% lower than the Minnesota median of $89,062 (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 $150,000, compared with $329,300 in Minnesota.
Is Florence, MN a good place to live?
Pluses: home values 54% lower than the state median. Minuses: median household income 27% lower than the Minnesota median; a poverty rate of 16%.
What is the median age in Florence?
The median age in Florence is 29.9 years (Minnesota: 38.8).
What is the unemployment rate in Florence?
The unemployment rate in Florence is 0% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Florence?
6.3% 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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