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The total population of Florence is estimated to be 1,017 with 594 males (58.41%) and 423 females (41.59%). There are 171 less females than males in Florence.
The median household income in Florence was $43,236 in 2021, which marked an a decrease of 6,811(13.61%) from $50,047 in 2020. This income is 57.95% of the U.S. median household income of $74,606 (all incomes in 2022 inflation-adjusted dollars).
Per the latest American Community Survey by the Census Bureau, Florence sees its highest median household income among householders in the age group of 25 to 44 years old, at $58,099. Overall, the median household income for the city of Florence stands at $43,236.
In Florence, the median income for all workers aged 15 years and older, regardless of work hours, was $30,433 for males and $28,188 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $51,193 for males and $35,441 for females.
In Florence, there are just three different racial groups among households. Among these, White households report a median household income of $52,019, followed by Some Other Race households at $33,947, and Two or More Races households with a median household income of $32,878.
In 2022, the population of Florence was 1,196, a 0.91% decrease year-by-year from 2021. Previously, in 2021, Florence's population was 1,207, an increase of 2.12% compared to a population of 1,182 in 2020.
The median age in Florence, TX is 34.7, as per 2021 ACS 5-Year Estimates. Of the total population, 17.93% were under the age of 15, 23.60% aged 15 to 29, 47.67% aged 30 to 64, 10.52% aged 65 to 84, and 0.27% were 85 years of age and older.
Racial distribution of Florence population: 84.35% are White, 0.46% are American Indian and Alaska Native, 5.12% are some other race and 10.06% are multiracial.