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The total population of Florence is estimated to be 299 with 139 males (46.49%) and 160 females (53.51%). There are 21 more females than males in Florence.
The median household income in Florence was $65,790 in 2021, which marked an a decrease of 396(0.60%) from $66,186 in 2020. This income is 88.18% 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 $67,349. Overall, the median household income for the town of Florence stands at $65,790.
In Florence, the median income for all workers aged 15 years and older, regardless of work hours, was $52,863 for males and $32,951 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $64,517 for males and $34,384 for females.
In Florence, population is primarily represented by White households, reporting a median income of $66,830.
In 2022, the population of Florence was 332, a 0.30% decrease year-by-year from 2021. Previously, in 2021, Florence's population was 333, a decline of 0.30% compared to a population of 334 in 2020.
The median age in Florence, SD is 39.3, as per 2021 ACS 5-Year Estimates. Of the total population, 27.12% were under the age of 15, 11.78% aged 15 to 29, 49.32% aged 30 to 64, 7.95% aged 65 to 84, and 3.84% were 85 years of age and older.
Racial distribution of Florence population: 90.14% are White, 6.30% are American Indian and Alaska Native and 3.56% are multiracial.