Living in Florence, Mississippi
Cost of living, income, home prices, rent and demographics of Florence · Census data 2020–2024
Florence has 4,696 residents with a median age of 35.4. The median household income is $86,308 (53% higher than the Mississippi median), the median home value is $230,800, the median rent is $923/month.
Florence at a glance
- Population
- 4,696
- Median age
- 35.4State: 38.6
- Median household income
- $86,308State: $56,447
- Median home value
- $230,800State: $169,800
- Median rent
- $923/moState: $954
- Homeowners
- 69.7%
- Bachelor's degree or higher
- 21.8%
- Average commute
- 32 min
Is Florence a good place to live?
Pros: Median household income 53% higher than the Mississippi median; a poverty rate of 6.7%.
Cons: Home values 36% higher than the state median; an average commute of 32 minutes; unemployment of 6.3%.
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 $230,800, 31% lower than the U.S. median. Renters pay a median of $923 per month, which is 51% of household income. Homeowners with a mortgage pay $1,461 a month in housing costs.
Florence median household income
The median household income in Florence is $86,308 and the income per person is $32,680. 6.7% of residents live below the poverty line (Mississippi: 18.9%).
Housing in Florence: homes for sale and rent
- Housing units
- 1,860
- Owner-occupied
- 69.7%
- Renter-occupied
- 30.3%
- Vacant
- 7.8%Includes seasonal homes
- Median year built
- 1999
- Average household size
- 2.72
Florence demographics
- Population
- 4,696
- Median age
- 35.4
- Under 18
- 30.7%
- 65 and older
- 10.7%
- Households
- 1,715
- Foreign-born
- 0%
- Veterans
- 8.7%Adults 18+
Hispanic or Latino can be of any race. Population history of Florence ›
Education in Florence
21.8% of adults 25 and older in Florence have a bachelor's degree or higher (Mississippi: 25.1%), and 8.9% have a graduate or professional degree.
Jobs and commute in Florence
- Unemployment rate
- 6.3%State: 5.8%
- Average commute
- 32 minState: 26 min
- Work from home
- 4.2%
- Drive alone
- 71.2%
- Public transit
- 13%
- Walk to work
- 0%
- Homes with broadband
- 88.1%
Florence vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Florence | 4,696 | $86,308 | $230,800 | $923 |
| Richland | 7,346 | $66,558 | $125,800 | $1,185 |
| Pearl | 27,737 | $61,695 | $182,500 | $1,175 |
| Robinhood | 1,298 | $69,875 | $93,100 | $925 |
| Byram | 12,799 | $70,445 | $206,600 | $1,343 |
| Terry | 1,620 | $47,734 | $162,100 | $1,313 |
| Brandon | 25,542 | $92,783 | $278,900 | $1,382 |
| Jackson | 146,631 | $42,071 | $111,700 | $1,055 |
| Braxton | 189 | $66,806 | $197,900 | — |
More for people moving to Florence
Florence ZIP code ›Weather and climate ›Living in Florence: FAQ
What is the median household income in Florence, MS?
The median household income in Florence is $86,308, 53% higher than the Mississippi median of $56,447 (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 $230,800, compared with $169,800 in Mississippi.
How much is rent in Florence?
The median gross rent in Florence is $923 per month, about 51% of household income.
Is Florence, MS a good place to live?
Pluses: median household income 53% higher than the Mississippi median; a poverty rate of 6.7%. Minuses: home values 36% higher than the state median; an average commute of 32 minutes; unemployment of 6.3%.
What is the median age in Florence?
The median age in Florence is 35.4 years (Mississippi: 38.6).
How long is the commute in Florence?
The average commute to work in Florence is 32 minutes; 4.2% 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?
21.8% 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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