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Florence, Kentucky Demographics & Population 2026

During the 2020–2024 ACS period, Florence, Kentucky had a total population of 32,803, the 8th largest city in Kentucky, with a median household income of $71,003, which is 11% higher than the state average. The poverty rate is 9.5%.

Data vintage: U.S. Census Bureau ACS 2020–2024 5-Year Estimates · refreshed July 2026 · Methodology & source notes

Florence Quick Facts

Population 32,803
Median Household Income $71,003
Median Home Value $210,700
Poverty Rate 9.5%
Unemployment Rate 3.1%
Median Age 38.9 years
Homeownership Rate 57.5%
Affordability Ratio 3.0x
Bachelor's Degree or Higher 26.4%
High School Graduation Rate 90.8%
Diversity Index 39/100
Population 32,803 8th of 552
Median Income $71,003 above average
Poverty Rate 9.5% 23% lower than national
Median Home Value $210,700 above average

How Florence Changed

Change from the 2019–2023 ACS period to 2020–2024. These are rolling five-year estimates, not year-over-year measurements.

Metric2019–20232020–2024Change
Population32,33432,803+1.5%
Median household income$68,508$71,003+3.6%
Median home value$196,200$210,700+7.4%

How Florence Compares

Economy & Housing

Household Income Distribution

Under $25K 15.2%
$25K-$50K 17.5%
$50K-$100K 36.2%
$100K+ 31.1%
Detailed income brackets
Under $10K
2.9%
$10K-$15K
3.9%
$15K-$20K
4.2%
$20K-$25K
4.3%
$25K-$30K
3.0%
$30K-$35K
3.7%
$35K-$40K
2.7%
$40K-$45K
3.6%
$45K-$50K
4.5%
$50K-$60K
8.1%
$60K-$75K
13.0%
$75K-$100K
15.1%
$100K-$125K
10.5%
$125K-$150K
6.8%
$150K-$200K
7.0%
$200K+
6.9%

Employment

3.1% Unemployment Rate State: 4.9%|National: 5.2%
63.5% Labor Force Participation

Housing Overview

Owner 57.5%
Renter 42.5%
Affordability Index Affordable
3.0x home value to income ratio
Median gross rent $1,329/mo 22.5% of median household income annually

People & Demographics

Diversity Index

39out of 100
Low Diversity

A less diverse community where one racial or ethnic group represents a large majority.

State average: 33 | National average: 61

Education

Florence Rankings in Kentucky

#8 Population of 552
#159 Median Income of 496
#180 Education of 550
#151 Home Value of 495

Other Cities in Boone County

CityPopulationMedian IncomePovertyHome Value
Burlington 18,008 $109,308 5.5% $254,300
Francisville 10,565 $159,371 1.7% $398,000
Oakbrook 10,211 $94,652 2.5% $260,700
Union 7,642 $136,712 2.9% $411,500
Hebron 6,407 $106,719 10.0% $239,300
Verona 1,394 $144,507 3.2% $451,600
Petersburg 771 $101,389 3.6% $226,700
Belleview 262 $34,423 17.6% $121,000
Rabbit Hash 175 N/A 30.9% $300,000

Cities Similar to Florence

These cities in the same state have comparable population and economic profiles.

CityPopulationMedian IncomeHome ValueBachelor's+Poverty
Nicholasville32,197$68,503$226,80026.9%13.1%
Elizabethtown32,576$60,760$245,90028.2%17.0%
Jeffersontown29,199$81,506$250,70039.8%6.5%
Georgetown39,117$80,088$265,40034.1%12.1%
Hopkinsville30,906$49,139$172,10023.3%19.3%

Population Overview

Florence is a mid-sized community located in Kentucky, within Boone County. The total population is 32,803. It ranks as the 8th most populous out of 552 Census-designated places in Kentucky.

Age Demographics

The median age in Florence is 38.9 years. This is about the same as the state median of 39.1 years.

Economy, Income & Housing

The median household income in Florence is $71,003. This is 11% higher than the state median of $63,726. It is also 12% lower than the national median of $80,734. The poverty rate stands at 9.5%. This is 41% lower than the state poverty rate of 16.1%. The unemployment rate is 3.1%. This is 36% lower than the state rate of 4.9%. The median home value is $210,700. Housing costs are 2% higher than the state median of $205,600. The home-value-to-income ratio is 3.0x. 57.5% of occupied housing units are owner-occupied. This homeownership rate is 16% lower than the state average of 68.3%.

Race & Ethnicity

The largest racial or ethnic group in Florence is White (non-Hispanic), making up 77.0% of the population. Hispanic or Latino residents account for 9.2%. The Hispanic or Latino population is significantly higher than the state average (9.2% vs 5.0%). The Asian population is significantly higher than the state average (3.4% vs 1.6%).

Education

26.4% of residents aged 25 and older hold a bachelor's degree or higher. This is 4% lower than the state rate of 27.6%. Nationally, 35.7% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 90.8%.

Data Sources & Methodology

All demographic data for Florence, Kentucky is sourced from the U.S. Census Bureau's American Community Survey (ACS) 2020–2024 5-Year Estimates. The ACS collects data from approximately 3.5 million households annually and pools five years of responses so that even small communities can be measured, though the margin of error widens as the population falls. Comparisons are made against Kentucky state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 552 Census-designated places in Kentucky. Read more about how these figures are produced on our methodology page, or visit data.census.gov for official data.

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Frequently Asked Questions

What is the population of Florence, Kentucky?

Florence, Kentucky has a population of 32,803 according to the most recent U.S. Census ACS 5-Year Estimates.

What is the median household income in Florence, KY?

The median household income in Florence is $71,003, which is 12% lower than the national median of $80,734.

What is the poverty rate in Florence, KY?

The poverty rate in Florence is 9.5%. This means approximately 3,081 residents live below the federal poverty line.

What is the racial makeup of Florence, Kentucky?

Florence's population is 77.0% White, 6.7% Black, 9.2% Hispanic/Latino, and 3.4% Asian.

What is the median home value in Florence, KY?

The median home value in Florence is $210,700. The home-value-to-income ratio is 3.0x.

How educated is Florence, Kentucky?

26.4% of adults (25+) in Florence hold a bachelor's degree or higher, and 8.9% hold a graduate or professional degree.