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The total population of Florence is estimated to be 32,056 with 16,012 males (49.95%) and 16,044 females (50.05%). There are 32 more females than males in Florence.
The median household income in Florence was $69,954 in 2021, which marked an an increase of 1,945(2.86%) from $68,009 in 2020. This income is 93.76% 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 45 to 64 years old, at $86,617. Overall, the median household income for the city of Florence stands at $69,954.
In Florence, the median income for all workers aged 15 years and older, regardless of work hours, was $47,283 for males and $32,581 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $56,386 for males and $47,593 for females.
In Florence, the demographic landscape is diverse, spanning 4 distinct racial categories among households. Among these, Asian households have the highest median household income at $146,100, while Black or African American households represent the opposite end with the lowest median household income of $50,208.
In 2022, the population of Florence was 32,618, a 0.87% increase year-by-year from 2021. Previously, in 2021, Florence's population was 32,337, an increase of 0.85% compared to a population of 32,064 in 2020.
The median age in Florence, KY is 38.9, as per 2021 ACS 5-Year Estimates. Of the total population, 18.13% were under the age of 15, 20.26% aged 15 to 29, 44.27% aged 30 to 64, 15.10% aged 65 to 84, and 2.24% were 85 years of age and older.
Racial distribution of Florence population: 83.77% are White, 6.46% are Black or African American, 3.38% are Asian, 0% are Native Hawaiian and other Pacific Islander, 2.36% are some other race and 4.02% are multiracial.