Living in Florence, Montana
Cost of living, income, home prices, rent and demographics of Florence · Census data 2020–2024
Florence has 923 residents with a median age of 58.5. The median household income is $102,222 (41% higher than the Montana median), the median home value is $486,000, the median rent is $631/month.
Florence is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Florence at a glance
- Population
- 923
- Median age
- 58.5State: 40.4
- Median household income
- $102,222State: $72,509
- Median home value
- $486,000State: $375,800
- Median rent
- $631/moState: $1,081
- Homeowners
- 88.3%
- Bachelor's degree or higher
- 34.4%
- Average commute
- 41 min
Is Florence a good place to live?
Pros: Median household income 41% higher than the Montana median; a poverty rate of 6.1%.
Cons: Home values 29% higher than the state median; an average commute of 41 minutes; unemployment of 9.5%.
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 $486,000, 46% higher than the U.S. median. Renters pay a median of $631 per month, which is 18.3% of household income. Homeowners with a mortgage pay $1,629 a month in housing costs.
Florence median household income
The median household income in Florence is $102,222 and the income per person is $47,876. 6.1% of residents live below the poverty line (Montana: 11.5%).
Housing in Florence: homes for sale and rent
- Housing units
- 402
- Owner-occupied
- 88.3%
- Renter-occupied
- 11.7%
- Vacant
- 0%Includes seasonal homes
- Median year built
- 1984
- Average household size
- 2.30
Florence demographics
- Population
- 923
- Median age
- 58.5
- Under 18
- 14.4%
- 65 and older
- 26.9%
- Households
- 402
- Foreign-born
- 0%
- Veterans
- 19.9%Adults 18+
Hispanic or Latino can be of any race. Population history of Florence ›
Education in Florence
34.4% of adults 25 and older in Florence have a bachelor's degree or higher (Montana: 35.2%), and 4.5% have a graduate or professional degree.
Jobs and commute in Florence
- Unemployment rate
- 9.5%State: 3.6%
- Average commute
- 41 minState: 19 min
- Work from home
- 16.8%
- Drive alone
- 74.8%
- Public transit
- 0%
- Walk to work
- 2.1%
- Homes with broadband
- 94.5%
Florence vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Florence | 923 | $102,222 | $486,000 | $631 |
| Carlton | 682 | $107,155 | $712,500 | — |
| Stevensville | 2,130 | $60,096 | $377,300 | $1,064 |
| Lolo | 4,314 | $86,065 | $431,800 | $1,139 |
| Orchard Homes | 5,588 | $64,904 | $553,700 | $1,000 |
| Victor | 867 | $48,750 | $238,500 | $940 |
| Missoula | 76,514 | $70,392 | $473,100 | $1,189 |
| East Missoula | 2,099 | $57,500 | $358,500 | $1,050 |
| Turah | 543 | $130,417 | $470,400 | — |
More for people moving to Florence
Florence ZIP code ›Weather and climate ›Living in Florence: FAQ
What is the median household income in Florence, MT?
The median household income in Florence is $102,222, 41% higher than the Montana median of $72,509 (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 $486,000, compared with $375,800 in Montana.
How much is rent in Florence?
The median gross rent in Florence is $631 per month, about 18.3% of household income.
Is Florence, MT a good place to live?
Pluses: median household income 41% higher than the Montana median; a poverty rate of 6.1%. Minuses: home values 29% higher than the state median; an average commute of 41 minutes; unemployment of 9.5%.
What is the median age in Florence?
The median age in Florence is 58.5 years (Montana: 40.4).
How long is the commute in Florence?
The average commute to work in Florence is 41 minutes; 16.8% of workers work from home.
What is the unemployment rate in Florence?
The unemployment rate in Florence is 9.5% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Florence?
34.4% 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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