Living in Florence, South Dakota
Cost of living, income, home prices, rent and demographics of Florence · Census data 2020–2024
Florence has 317 residents with a median age of 51.3. The median household income is $75,909 (about the same as the South Dakota median), the median home value is $158,700, the median rent is $817/month.
Florence is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Florence at a glance
- Population
- 317
- Median age
- 51.3State: 38
- Median household income
- $75,909State: $75,081
- Median home value
- $158,700State: $257,400
- Median rent
- $817/moState: $946
- Homeowners
- 85.5%
- Bachelor's degree or higher
- 8%
- Average commute
- 25 min
Is Florence a good place to live?
Pros: Median household income about the same as the South Dakota median; home values 38% lower than the state median; a poverty rate of 9.8%.
Cons: An average commute of 25 minutes.
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 $158,700, 52% lower than the U.S. median. Renters pay a median of $817 per month, which is 26.3% of household income. Homeowners with a mortgage pay $1,390 a month in housing costs.
Florence median household income
The median household income in Florence is $75,909 and the income per person is $31,852. 9.8% of residents live below the poverty line (South Dakota: 11.9%).
Housing in Florence: homes for sale and rent
- Housing units
- 136
- Owner-occupied
- 85.5%
- Renter-occupied
- 14.5%
- Vacant
- 8.8%Includes seasonal homes
- Median year built
- 1982
- Average household size
- 2.47
Florence demographics
- Population
- 317
- Median age
- 51.3
- Under 18
- 23.3%
- 65 and older
- 22.1%
- Households
- 124
- Foreign-born
- 0.6%
- Veterans
- 8.7%Adults 18+
Hispanic or Latino can be of any race. Population history of Florence ›
Education in Florence
8% of adults 25 and older in Florence have a bachelor's degree or higher (South Dakota: 31.9%), and 3.8% have a graduate or professional degree.
Jobs and commute in Florence
- Unemployment rate
- 0%State: 2.9%
- Average commute
- 25 minState: 18 min
- Work from home
- 4%
- Drive alone
- 91.4%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 94.4%
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, SD?
The median household income in Florence is $75,909, about the same as the South Dakota median of $75,081 (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 $158,700, compared with $257,400 in South Dakota.
How much is rent in Florence?
The median gross rent in Florence is $817 per month, about 26.3% of household income.
Is Florence, SD a good place to live?
Pluses: median household income about the same as the South Dakota median; home values 38% lower than the state median; a poverty rate of 9.8%. Minuses: an average commute of 25 minutes.
What is the median age in Florence?
The median age in Florence is 51.3 years (South Dakota: 38).
How long is the commute in Florence?
The average commute to work in Florence is 25 minutes; 4% of workers work from home.
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?
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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