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
Change Over Time (2013, 2023)
Population Change
+11%
4,530 → 5,027
over 10 years
Annual Pop. Growth
+1.05%
Compound annual growth rate
Median Income Change
+40.4%
$70,536 → $99,020
nominal, not inflation-adjusted
Annual Income Growth
+3.45%
Compound annual growth rate
Population Over Time
Total population for Florence across each available Census ACS release.
Median Household Income Over Time
Median household income reported by U.S. Census ACS. Values are nominal (not adjusted for inflation).
Projected 2030
Simple projections extrapolating the 2013, 2023 compound annual growth rate forward. These are mathematical extensions of recent trends, not forecasts, real outcomes depend on migration, policy and economic shifts.
Projected Population 2030
5,408
+381 from 2023 (5,027)
Projected Median Income 2030
$125,556
+$26,536 from 2023 ($99,020)
Year-by-Year Detail
| Year | Population | YoY % | Median Income | YoY % |
|---|---|---|---|---|
| 2013 | 4,530 | - | $70,536 | - |
| 2015 | 4,409 | -2.7% | $55,241 | -21.7% |
| 2017 | 4,535 | +2.9% | $53,478 | -3.2% |
| 2019 | 4,455 | -1.8% | $55,960 | +4.6% |
| 2021 | 4,672 | +4.9% | $74,583 | +33.3% |
| 2023 | 5,027 | +7.6% | $99,020 | +32.8% |
Source: U.S. Census ACS 5-Year Estimates (Data Commons). Home value and rent are not yet available historically.