Florence

Population: 5,027
Median household income: $99,020
Median home value: $270,100

Located in Burlington County, New Jersey, Florence is a community with a population of 5,027. The median household income of $99,020 is below the Burlington County median ($105,271).

Between 2019 and 2023, Florence's population grew 12.8% from 4,455 to 5,027, while its median home value rose 48.5% from $181,900 to $270,100.

The typical home was built around 1970. 6.7% of residents live below the poverty line.

Demographics

ACS 2019–2023

Population: 5,027
Median age: 38.7 yrs
Median household income: $99,020
Median home value: $270,100
Median gross rent: $1,247
Housing units: 1,838
Homeownership rate: 65.3%
Bachelor's degree or higher: 20.4%
Unemployment rate: 6.6%

Trends

ACS 5-year · 2019–2023

Population

4,4555,027

Median household income

$55,960$99,020

Median home value

$181,900$270,100

Median gross rent

$1,044$1,247

Year	Population	Median household income	Median home value	Median gross rent
2019	4,455	$55,960	$181,900	$1,044
2020	4,455	$71,750	$219,900	$1,055
2021	4,672	$74,583	$223,000	$1,077
2022	4,815	$95,096	$242,900	$1,211
2023	5,027	$99,020	$270,100	$1,247

Each year is a US Census Bureau ACS 5-year estimate ending that year.

Age distribution

Under 56.3%

5 to 1720.3%

18 to 248.3%

25 to 349.7%

35 to 4417.7%

45 to 5413.7%

55 to 6410.8%

65 to 749.2%

75 and over4.1%

	Count	Share
Under 5	315	6.3%
5 to 17	1,020	20.3%
18 to 24	415	8.3%
25 to 34	489	9.7%
35 to 44	888	17.7%
45 to 54	687	13.7%
55 to 64	544	10.8%
65 to 74	463	9.2%
75 and over	206	4.1%

Race & ethnicity

	Count	Share
White (non-Hispanic)	3,329	66.2%
Black or African American	318	6.3%
American Indian & Alaska Native	0	0.0%
Asian	319	6.3%
Native Hawaiian & Pacific Islander	0	0.0%
Some other race	31	0.6%
Two or more races	342	6.8%
Hispanic or Latino (any race)	688	13.7%

Educational attainment (age 25+)

No high school diploma14.4%

High school graduate30.3%

Some college or associate's34.9%

Bachelor's degree15.7%

Graduate or professional degree4.8%

	Count	Share
No high school diploma	472	14.4%
High school graduate	992	30.3%
Some college or associate's	1,143	34.9%
Bachelor's degree	513	15.7%
Graduate or professional degree	157	4.8%

Commute to work

Mean travel time to work: 28 min

Drove alone78.6%

Carpooled10.4%

Public transit0.0%

Walked2.9%

Bicycle0.5%

Worked from home5.8%

Other means1.7%

How workers get to work

	Count	Share
Drove alone	2,072	78.6%
Carpooled	275	10.4%
Public transit	0	0.0%
Walked	77	2.9%
Bicycle	14	0.5%
Worked from home	154	5.8%
Other means	45	1.7%

Travel time

	Count	Share
Under 15 min	602	24.2%
15 to 29 min	859	34.6%
30 to 44 min	557	22.4%
45 to 59 min	130	5.2%
60+ min	335	13.5%

Households

Average household size: 2.84
Poverty rate: 6.7% (329 of 4,946)

	Count	Share
Family households	1,123	63.6%
Nonfamily households	642	36.4%

Housing

Median year structure built: 1970

Occupancy

	Count	Share
Occupied	1,765	96.0%
Vacant	73	4.0%

Tenure (of occupied units)

	Count	Share
Owner-occupied	1,153	65.3%
Renter-occupied	612	34.7%

1-unit, detached56.5%

1-unit, attached13.4%

2 to 4 units13.9%

5 to 19 units13.2%

20 or more units2.2%

Mobile home & other0.7%

Units in structure

	Count	Share
1-unit, detached	1,039	56.5%
1-unit, attached	247	13.4%
2 to 4 units	256	13.9%
5 to 19 units	242	13.2%
20 or more units	41	2.2%
Mobile home & other	13	0.7%

Geography

Place GEOID: 3423820
Type (LSAD): 57
Land area: 1.25 sq mi
Water area: 0.22 sq mi
Center point: 40.1192, -74.8088