Florence, SC Profile: Facts & Data

The City of Florence had a population of 40,395 as of July 1, 2024. Florence ranks in the upper quartile for Population Density when compared to the other cities, towns and Census Designated Places (CDPs) in South Carolina. See peer rankings below.

The primary coordinate point for Florence is located at latitude 34.1954 and longitude -79.7626 in Florence County. The formal boundaries for the City of Florence encompass a land area of 21.2 sq. miles and a water area of 0.04 sq. miles. Florence County is in the Eastern time zone (GMT -5).

The City of Florence has a C1 Census Class Code which indicates an active incorporated place that does not serve as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.

South Carolina is one of 20 states where Census County Divisions (CCDs) are used for statistical tracking of subdivisions within each county. The City of Florence is located within Florence Division of Florence County.

Florence, SC Data & Demographics (As of July 1, 2024)

POPULATION
Total Population	40,395 (100%)
Population in Households	39,622 (98.1%)
Population in Families	32,012 (79.2%)
Population in Group Quarters¹	773 ( 1.9%)
Population Density	1,650
Diversity Index²	60


INCOME
Median Household Income	$56,321
Average Household Income	$84,242
% of Income for Mortgage⁴	24%
Per Capita Income	$35,462
Wealth Index⁵	72
Socioeconomic Status Index⁶	Moderate (47.3)

HOUSING
Total HU (Housing Units)	18,724 (100%)
Owner Occupied HU	10,442 (55.8%)
Renter Occupied HU	6,543 (34.9%)
Vacant Housing Units	1,739 ( 9.3%)
Median Home Value	$217,023
Average Home Value	$243,775
Housing Affordability Index³	108

HOUSEHOLDS
Total Households	16,985
Average Household Size	2.33
Family Households	10,471
Average Family Size	3.00

NOTES

Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.
The Socioeconomic Index ranges from zero (lowest relative status) to 100 (highest relative status). This measure quantifies disparities in social position of an area's inhabitants and is built from a broad range of demographic, housing, and socioeconomic inputs. More information on this measure can be found in Esri's SEI tutorial.

Florence, SC - Peer Comparisons by Rank and Percentile

The table below compares Florence to the other 475 incorporated cities, towns and CDPs in South Carolina by rank and percentile using July 1, 2024 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

GROWTH RATE / YEAR	2020-2024	2024-2029
Population	0.06%	-0.10%
Households	0.27%	0.13%
Families		0.26%
Median Household Income		4.93%
Per Capita Income		3.79%
Owner Occupied HU		1.11%

Variable Description	Rank	Percentile
Total Population	# 12	98th
Population Density	# 54	89th
Median Household Income	# 200	58th
Housing Affordability Index	# 225	47th
Per Capita Income	# 138	71st
Diversity Index	# 131	72nd

Florence, SC Profile: Facts & Data

Florence, South Carolina - Basic Facts

Florence, SC Data & Demographics (As of July 1, 2024)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Florence, SC - Peer Comparisons by Rank and Percentile

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