Florence, NJ

Full City Profile · New Jersey · Mercer County County

4.0 /5.0
A Great
5,027 Population 4,022/sq mi density
$99,020 Median Income $37,990 per capita
$270,100 Home Value $314,157 Zillow
$1,247 Median Rent 34.4% income on rent
54°F Avg Temperature
A
Overall
4.0 / 5.0
Strong
A
Economy
4.3 / 5.0
$99,020 median income, 6.6% unemployment
A+
Affordability
5.0 / 5.0
$270,100 home value, $1,247/mo rent
C+
Education
2.6 / 5.0
20.4% bachelor's degree or higher

Florence, NJ

At a Glance

Median Income
$99,020
32% above
$37,990 per capita
Home Value
$270,100
4% below
Zillow: $314,157
Median Rent
$1,247/mo
7% above
34.4% of income on rent
Bachelor's Degree+
20.4%
39% below
85.6% high school+
Unemployment
6.6%
83% above
2.0% poverty rate
Obesity Rate
32.0%
0% below
14.9% smoking rate
Avg Temperature
54°F

How Florence Compares to the U.S. Average

Each bar shows Florence's value as a percentage of the national average (100% = U.S. avg)

Income
132%
Home Value
96%
Rent
107%
Poverty
16%
Bachelor's
61%
Unemployment
183%
Thin vertical line = U.S. national average (100%)

Is Florence a Good Place to Live?

A
4.0 / 5.0 - Great
Based on economy, affordability, safety, and education metrics compared to national averages.

Economy & Jobs

Florence residents earn a median household income of $99,020 , which is 32% above the national average of $75,149. Per capita income is $37,990. The unemployment rate stands at 6.6% (83% above the U.S. rate of 3.6%). 2.0% of residents live below the poverty line. The area is home to 11,677 business establishments, including 877 restaurants.

Housing & Cost of Living

The median home value in Florence is $270,100 , 4% below the national median of $281,900. Zillow estimates the typical home at $314,157. Median rent is $1,247/month, with 34.4% of renters spending more than 30% of income on housing. The cost of living index is 108.8 (100 = national average). The median home was built in 1966.

Education

20.4% of adults in Florence hold a bachelor's degree or higher (39% below the national average). 85.6% have completed high school. Local schools score 6.0/10 in standardized testing.

Climate & Weather

Florence has an average annual temperature of 54°F (12°C). Winters average 32°F in January while summers reach 76°F in July. Annual precipitation totals 45.6 inches. Air quality is rated Good with a median AQI of 43.

Data Overview

People

Population5,027
Median Age38.7 yrs
Density4,022/mi²
Male / Female52% / 48%
Foreign Born13.3%
Veterans7.5%

Economy

A
Median Income$99,020
Per Capita$37,990
Unemployment6.6%
Poverty2.0%
County GDP$56,807M
Avg Weekly Wage$1,740

Housing

A+
Home Value$270,100
Rent$1,247
Ownership65.3%
Zillow$314,157
Housing Units1,856
Rent Burden34.4%

Health

Obesity32.0%
Diabetes9.9%
Smoking14.9%
Heart Disease5.2%
Premature Death7,664/100K

Climate

Avg Temp54°F
Rain45.6 in/yr
AQI43 (Good)
Elevation24 ft

Education

C+
Bachelor's+20.4%
High School+85.6%
Graduate+5.1%
School Score6.0/10

Community

2024 VoteR 32% / D 66%
Commute28 min
Broadband93.8%
Internet Speed172 Mbps
EV Stations17
Libraries14

Did You Know?

The median home in Florence was built in 1966.
The nearest airport is South Jersey Regional (12 miles).
The Gini coefficient (income inequality) is 0.502 (U.S. avg: 0.490).
Natural hazard risk is rated "Relatively High" by FEMA.
10.8% of the population has a disability.
13.3% of residents are foreign-born.
Average internet download speed is 172 Mbps.
There are 877 restaurants in the area.
The county recorded 26 fatal vehicle crashes.