Florence, Minnesota Demographics & Population 2026
During the 2020–2024 ACS period, Florence, Minnesota had a total population of 25, the 898th largest city in Minnesota, with a median household income of $64,583, which is 27% lower than the state average. The poverty rate is 16.0%.
Data vintage: U.S. Census Bureau ACS 2020–2024 5-Year Estimates · refreshed July 2026 · Methodology & source notes
Key Takeaways
- Only 6.3% of adults have a bachelor's degree, well below the national average of 35.7%.
- Housing is very affordable with a home-value-to-income ratio of just 2.3x.
Florence Quick Facts
How Florence Changed
Change from the 2019–2023 ACS period to 2020–2024. These are rolling five-year estimates, not year-over-year measurements.
| Metric | 2019–2023 | 2020–2024 | Change |
|---|---|---|---|
| Population | 29 | 25 | -13.8% |
| Median household income | $42,500 | $64,583 | +52.0% |
| Median home value | $158,300 | $150,000 | -5.2% |
How Florence Compares
Median Household Income
Median Home Value
Economy & Housing
Household Income Distribution
Detailed income brackets
Employment
Housing Overview
People & Demographics
Age Distribution
Race & Ethnicity
Diversity Index
A less diverse community where one racial or ethnic group represents a large majority.
State average: 41 | National average: 61
Education
Educational Attainment (Adults 25+)
Florence Rankings in Minnesota
Explore Minnesota Rankings
Other Cities in Lyon County
| City | Population | Median Income | Poverty | Home Value |
|---|---|---|---|---|
| Marshall | 13,896 | $68,566 | 16.9% | $210,300 |
| Tracy | 2,057 | $67,788 | 9.9% | $113,400 |
| Minneota | 1,594 | $74,091 | 6.8% | $161,300 |
| Cottonwood | 1,061 | $97,500 | 7.1% | $176,200 |
| Balaton | 551 | $54,688 | 17.7% | $94,000 |
| Ghent | 439 | $94,000 | 7.3% | $150,000 |
| Lynd | 428 | $79,167 | 3.5% | $187,500 |
| Russell | 346 | $57,083 | 5.6% | $107,600 |
| Taunton | 128 | $45,313 | 25.8% | $76,900 |
| Garvin | 114 | $43,438 | 30.7% | $66,100 |
Cities Similar to Florence
These cities in the same state have comparable population and economic profiles.
| City | Population | Median Income | Home Value | Bachelor's+ | Poverty |
|---|---|---|---|---|---|
| Manhattan Beach | 25 | $68,750 | $290,000 | 16.7% | 4.0% |
| McGrath | 28 | N/A | $72,500 | 3.6% | 67.9% |
| Goodland | 24 | $53,750 | N/A | 13.3% | 0.0% |
| Hadley | 29 | N/A | N/A | 34.8% | 3.5% |
| Hillman | 27 | $53,750 | $155,000 | 5.0% | 29.6% |
A note before these figures: with a population of 25, Florence's ACS estimates come from a small number of survey responses and carry wide margins of error. Individual percentages below — particularly rates that round to 0% or 100% — are approximations, not precise measurements. See data.census.gov for the published margins of error.
Population Overview
Florence is a small community located in Minnesota, within Lyon County. The total population is 25. It ranks as the 898th most populous out of 914 Census-designated places in Minnesota.
Age Demographics
The median age in Florence is 29.9 years. This is 23% lower than the state median of 38.8 years. With 36.0% of the population under 18, Florence has a notably young demographic profile, suggesting a family-oriented community. 16.0% of residents are 75 or older, suggesting a significant retirement-age population with implications for healthcare services and senior housing.
Economy, Income & Housing
The median household income in Florence is $64,583. This is 27% lower than the state median of $89,062. It is also 20% lower than the national median of $80,734. The poverty rate stands at 16.0%. This is 72% higher than the state poverty rate of 9.3%. The survey records no unemployed residents in Florence, which reflects the size of the sample rather than a labor market without joblessness. The median home value is $150,000. Housing costs are 54% lower than the state median of $329,300. With a home-value-to-income ratio of just 2.3x, Florence is one of the most affordable housing markets in the area. 85.7% of occupied housing units are owner-occupied. This homeownership rate is 19% higher than the state average of 72.2%.
Race & Ethnicity
Every resident counted in Florence was recorded as White (non-Hispanic). A figure of exactly 100.0% reflects a survey sample too small to capture the community's full composition rather than a precise measurement.
Education
6.3% of residents aged 25 and older hold a bachelor's degree or higher. This is among the lowest rates in the state, which may correlate with employment and income patterns. This is 84% lower than the state rate of 39.4%. Nationally, 35.7% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 56.3%.
Data Sources & Methodology
All demographic data for Florence, Minnesota 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 Minnesota state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 914 Census-designated places in Minnesota. 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, Minnesota?
Florence, Minnesota has a population of 25 according to the most recent U.S. Census ACS 5-Year Estimates.
What is the median household income in Florence, MN?
The median household income in Florence is $64,583, which is 20% lower than the national median of $80,734.
What is the poverty rate in Florence, MN?
The poverty rate in Florence is 16.0%. This means approximately 4 residents live below the federal poverty line.
What is the racial makeup of Florence, Minnesota?
Florence's population is 100.0% White, 0.0% Black, 0.0% Hispanic/Latino, and 0.0% Asian.
What is the median home value in Florence, MN?
The median home value in Florence is $150,000. The home-value-to-income ratio is 2.3x.
How educated is Florence, Minnesota?
6.3% of adults (25+) in Florence hold a bachelor's degree or higher, and 0.0% hold a graduate or professional degree.