Florence, Montana Demographics & Population 2026
During the 2020–2024 ACS period, Florence, Montana had a total population of 923, the 104th largest community in Montana, with a median household income of $102,222, which is 41% higher than the state average. The poverty rate is 6.1%.
Data vintage: U.S. Census Bureau ACS 2020–2024 5-Year Estimates · refreshed July 2026 · Methodology & source notes
Key Takeaways
- Household income is 41% above the state average — one of the wealthiest communities in Montana.
- Unemployment rate of 9.5% is notably above the national average.
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 | 993 | 923 | -7.0% |
| Median household income | $97,850 | $102,222 | +4.5% |
| Median home value | $460,000 | $486,000 | +5.7% |
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: 29 | National average: 61
Education
Educational Attainment (Adults 25+)
Florence Rankings in Montana
Explore Montana Rankings
Other Cities in Ravalli County
| City | Population | Median Income | Poverty | Home Value |
|---|---|---|---|---|
| Hamilton | 5,101 | $49,204 | 8.8% | $310,000 |
| Stevensville | 2,130 | $60,096 | 13.6% | $377,300 |
| Corvallis | 1,227 | $78,103 | 12.9% | $249,800 |
| Victor | 867 | $48,750 | 0.9% | $238,500 |
| Pinesdale | 833 | $66,875 | 13.8% | $230,000 |
| Darby | 527 | $43,627 | 13.5% | $327,100 |
| Charlos Heights | 163 | N/A | 4.9% | $2,000,000+ |
| Conner | 147 | N/A | 11.6% | N/A |
| Sula | 9 | N/A | 0.0% | N/A |
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 |
|---|---|---|---|---|---|
| Ulm | 900 | $102,708 | $369,400 | 29.7% | 6.9% |
| Gallatin Gateway | 933 | $82,500 | $814,400 | 34.1% | 9.8% |
| Helena Flats | 857 | $93,625 | $582,400 | 26.8% | 2.3% |
| Clinton | 1,040 | $103,750 | $386,600 | 35.4% | 3.8% |
| Fairview | 971 | $86,667 | $171,600 | 12.6% | 8.4% |
A note before these figures: with a population of 923, 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 Montana, within Ravalli County. The total population is 923. It ranks as the 104th most populous out of 475 Census-designated places in Montana.
Age Demographics
The median age in Florence is 58.5 years. This is 45% higher than the state median of 40.4 years. Only 14.4% of residents are under 18, indicating fewer families with children.
Economy, Income & Housing
The median household income in Florence is $102,222. This is 41% higher than the state median of $72,509. It is also 27% higher than the national median of $80,734. The poverty rate stands at 6.1%. This is 47% lower than the state poverty rate of 11.5%. The unemployment rate is 9.5%. This is 163% higher than the state rate of 3.6%. The median home value is $486,000. Housing costs are 29% higher than the state median of $375,800. The home-value-to-income ratio is 4.8x. 88.3% of occupied housing units are owner-occupied. This homeownership rate is 28% higher than the state average of 69.2%.
Race & Ethnicity
The largest racial or ethnic group in Florence is White (non-Hispanic), making up 80.8% of the population. Hispanic or Latino residents account for 8.5%. The Hispanic or Latino population is significantly higher than the state average (8.5% vs 4.6%).
Education
34.4% of residents aged 25 and older hold a bachelor's degree or higher. This is 2% lower than the state rate of 35.2%. Nationally, 35.7% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 98.8%.
Data Sources & Methodology
All demographic data for Florence, Montana 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 Montana state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 475 Census-designated places in Montana. 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, Montana?
Florence, Montana has a population of 923 according to the most recent U.S. Census ACS 5-Year Estimates.
What is the median household income in Florence, MT?
The median household income in Florence is $102,222, which is 27% higher than the national median of $80,734.
What is the poverty rate in Florence, MT?
The poverty rate in Florence is 6.1%. This means approximately 56 residents live below the federal poverty line.
What is the racial makeup of Florence, Montana?
Florence's population is 80.8% White, 0.0% Black, 8.5% Hispanic/Latino, and 0.0% Asian.
What is the median home value in Florence, MT?
The median home value in Florence is $486,000. The home-value-to-income ratio is 4.8x.
How educated is Florence, Montana?
34.4% of adults (25+) in Florence hold a bachelor's degree or higher, and 4.5% hold a graduate or professional degree.