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The total population of Florence township is estimated to be 12,748 with 6,276 males (49.23%) and 6,472 females (50.77%). There are 196 more females than males in Florence township.
The median household income in Florence township was $101,074 in 2021, which marked an a decrease of 6,719(6.23%) from $107,793 in 2020. This income is 135.48% 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 45 to 64 years old, at $119,441. Overall, the median household income for the township of Florence township stands at $101,074.
In Florence township, the median income for all workers aged 15 years and older, regardless of work hours, was $55,910 for males and $37,484 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $79,599 for males and $59,113 for females.
In Florence township, the demographic landscape is diverse, spanning 4 distinct racial categories among households. Among these, Asian households have the highest median household income at $126,042, while Black or African American households represent the opposite end with the lowest median household income of $74,637.
In 2022, the population of Florence township was 12,852, a 0.41% increase year-by-year from 2021. Previously, in 2021, Florence township's population was 12,799, a decline of 0.02% compared to a population of 12,801 in 2020.
The median age in Florence Township, New Jersey is 41.9, as per 2021 ACS 5-Year Estimates. Of the total population, 18.17% were under the age of 15, 17.08% aged 15 to 29, 48.02% aged 30 to 64, 15.11% aged 65 to 84, and 1.62% were 85 years of age and older.
Racial distribution of Florence township population: 78.19% are White, 7.36% are Black or African American, 7.77% are Asian, 2.19% are some other race and 4.49% are multiracial.