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The total population of Florence township is estimated to be 1,494 with 814 males (54.48%) and 680 females (45.52%). There are 134 less females than males in Florence township.
The median household income in Florence township was $107,889 in 2021, which marked an an increase of 2,680(2.55%) from $105,209 in 2020. This income is 144.61% 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 township sees its highest median household income among householders in the age group of 25 to 44 years old, at $138,267. Overall, the median household income for the township of Florence township stands at $107,889.
In Florence township, the median income for all workers aged 15 years and older, regardless of work hours, was $58,099 for males and $44,001 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $79,492 for males and $63,842 for females.
In Florence township, there are just two different racial groups among households. Among these, Two or More Races households report a median household income of $170,784, while White households have a median household income of $107,145.
In 2022, the population of Florence township was 1,556, a 0.32% decrease year-by-year from 2021. Previously, in 2021, Florence township's population was 1,561, an increase of 0.45% compared to a population of 1,554 in 2020.
The median age in Florence Township, Minnesota is 50.3, as per 2021 ACS 5-Year Estimates. Of the total population, 13.07% were under the age of 15, 12.28% aged 15 to 29, 49.70% aged 30 to 64, 24.36% aged 65 to 84, and 0.59% were 85 years of age and older.
Racial distribution of Florence township population: 97.57% are White, 0.79% are American Indian and Alaska Native, 0.07% are Asian and 1.58% are multiracial.