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Florence, MN
Full City Profile · Minnesota · Lincoln County County
3.0
/5.0
B
Good
29
Population
264/sq mi density
$42,500
Median Income
$15,317 per capita
$158,300
Home Value
$121,757 Zillow
44°F
Avg Temperature
276 sunny days/yr
253
Violent Crime/100K
2,449 property/100K
B
Overall
3.0 / 5.0
Good overall score based on economy, affordability, safety and education
B+
Economy
3.9 / 5.0
$42,500 median income, 0.0% unemployment
A+
Affordability
4.6 / 5.0
$158,300 home value, /mo rent
F
Safety
1.0 / 5.0
253 violent crimes/100K
C
Education
2.3 / 5.0
16.7% bachelor's degree or higher
Income Overview
Median Household Income
$42,500
43% below
US avg: $75,149
Per Capita Income
$15,317
61% below
US avg: $39,052
Unemployment Rate
0.0%
100% below
US avg: 3.6%
Poverty Rate
0.0%
100% below
US avg: 12.4%
Income Comparison: Florence vs. U.S. Average
Each bar shows Florence’s value as a percentage of the national average (100% line = U.S. avg)
Median Household
US: $75,149
$42,500
57%
Per Capita
US: $39,052
$15,317
39%
IRS Avg AGI
US: $72,000
$72,484
101%
Avg Weekly Wage
US: $1,432
$872
61%
Thin line = U.S. average (100%)
Employment & Commute
Avg Weekly Wage
$872
39% below US avg ($1,432)
Work From Home
0.0%
100% below US avg (15.2%)
Drive Alone
100.0%
37% above US avg (73.2%)
Public Transit
0.0%
100% below US avg (5.0%)
County GDP
$588M
County-level GDP (BEA 2024)
How Residents Get to Work
Drive Alone
100%
Public Transit
0%
Work From Home
0%
Business Landscape
Total Establishments
226
Restaurants
10
Healthcare
21
Retail
30
Manufacturing
6
Tax & Financial
IRS Avg Adjusted Gross Income
$72,484
1% above US avg ($72,000)
Avg Property Tax
$2,614
25% below US avg ($3,500)
Cost of Living Index
98.6
Below national average (100 = US avg)
Complete Economy Data
Income & Wages
| Median Household Income | $42,500 |
| Per Capita Income | $15,317 |
| IRS Avg Adjusted Gross Income | $72,484 |
| Avg Weekly Wage | $872 |
| County GDP | $588M |
Hardship Indicators
| Unemployment Rate | 0.0% |
| Poverty Rate | 0.0% |
| Gini Coefficient | 0.440 |
| Cost of Living Index | 98.6 |
Commute
| Drive Alone | 100.0% |
| Public Transit | 0.0% |
| Work From Home | 0.0% |
Businesses
| Total Establishments | 226 |
| Restaurants | 10 |
| Healthcare | 21 |
| Retail | 30 |
| Manufacturing | 6 |
Tax
| IRS Avg AGI | $72,484 |
| Avg Property Tax | $2,614 |