Living in Florence, Wisconsin
Cost of living, income, home prices, rent and demographics of Florence · Census data 2020–2024
Florence has 488 residents with a median age of 47. The median household income is $40,368 (48% lower than the Wisconsin median), the median home value is $85,700, the median rent is $545/month.
Florence is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Florence at a glance
- Population
- 488
- Median age
- 47State: 40.2
- Median household income
- $40,368State: $77,485
- Median home value
- $85,700State: $266,500
- Median rent
- $545/moState: $1,087
- Homeowners
- 71.6%
- Bachelor's degree or higher
- 32.8%
- Average commute
- 13 min
Is Florence a good place to live?
Pros: Home values 68% lower than the state median; an average commute of 13 minutes.
Cons: Median household income 48% lower than the Wisconsin median; unemployment of 4.2%; a poverty rate of 15%.
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 $85,700, 74% lower than the U.S. median. Renters pay a median of $545 per month, which is 29% of household income. Homeowners with a mortgage pay $931 a month in housing costs.
Florence median household income
The median household income in Florence is $40,368 and the income per person is $29,190. 15% of residents live below the poverty line (Wisconsin: 10.6%).
Housing in Florence: homes for sale and rent
- Housing units
- 330
- Owner-occupied
- 71.6%
- Renter-occupied
- 28.4%
- Vacant
- 26.4%Includes seasonal homes
- Median year built
- 1961
- Average household size
- 1.79
Florence demographics
- Population
- 488
- Median age
- 47
- Under 18
- 17.2%
- 65 and older
- 22.3%
- Households
- 243
- Foreign-born
- 1.8%
- Veterans
- 13.6%Adults 18+
Hispanic or Latino can be of any race. Population history of Florence ›
Education in Florence
32.8% of adults 25 and older in Florence have a bachelor's degree or higher (Wisconsin: 33.4%), and 7.2% have a graduate or professional degree.
Jobs and commute in Florence
- Unemployment rate
- 4.2%State: 3.2%
- Average commute
- 13 minState: 22 min
- Work from home
- 0%
- Drive alone
- 78.9%
- Public transit
- 0%
- Walk to work
- 2.9%
- Homes with broadband
- 74.1%
Florence vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Florence | 488 | $40,368 | $85,700 | $545 |
| Alpha | 215 | $39,115 | $34,100 | — |
| Kingsford | 5,124 | $61,635 | $132,100 | $917 |
| Iron Mountain | 7,518 | $59,405 | $141,600 | $744 |
| Crystal Falls | 1,719 | $60,865 | $83,300 | $791 |
| Quinnesec | 892 | $38,713 | $154,900 | — |
| Niagara | 1,464 | $60,994 | $103,800 | $910 |
| Norway | 2,833 | $63,846 | $91,100 | $885 |
| Gaastra | 296 | $47,708 | $49,200 | $685 |
More for people moving to Florence
Florence ZIP code ›Weather and climate ›Living in Florence: FAQ
What is the median household income in Florence, WI?
The median household income in Florence is $40,368, 48% lower than the Wisconsin median of $77,485 (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 $85,700, compared with $266,500 in Wisconsin.
How much is rent in Florence?
The median gross rent in Florence is $545 per month, about 29% of household income.
Is Florence, WI a good place to live?
Pluses: home values 68% lower than the state median; an average commute of 13 minutes. Minuses: median household income 48% lower than the Wisconsin median; unemployment of 4.2%; a poverty rate of 15%.
What is the median age in Florence?
The median age in Florence is 47 years (Wisconsin: 40.2).
How long is the commute in Florence?
The average commute to work in Florence is 13 minutes; 0% of workers work from home.
What is the unemployment rate in Florence?
The unemployment rate in Florence is 4.2% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Florence?
32.8% 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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