Skip to main content

Florence, South Carolina Demographics & Population 2026

During the 2020–2024 ACS period, Florence, South Carolina had a total population of 40,408, the 11th largest city in South Carolina, with a median household income of $56,143, which is 19% lower than the state average. The poverty rate is 18.9%.

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

Florence Quick Facts

Population 40,408
Median Household Income $56,143
Median Home Value $211,400
Poverty Rate 18.9%
Unemployment Rate 5.4%
Median Age 37.8 years
Homeownership Rate 58.5%
Affordability Ratio 3.8x
Bachelor's Degree or Higher 30.4%
High School Graduation Rate 88.3%
Diversity Index 59/100
Population 40,408 11th of 474
Median Income $56,143 average
Poverty Rate 18.9% 52% higher than national
Median Home Value $211,400 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
Population40,20540,408+0.5%
Median household income$56,433$56,143-0.5%
Median home value$189,800$211,400+11.4%

How Florence Compares

Economy & Housing

Household Income Distribution

Under $25K 24.1%
$25K-$50K 20.2%
$50K-$100K 28.2%
$100K+ 27.6%
Detailed income brackets
Under $10K
7.9%
$10K-$15K
4.7%
$15K-$20K
6.8%
$20K-$25K
4.7%
$25K-$30K
3.4%
$30K-$35K
4.3%
$35K-$40K
3.5%
$40K-$45K
3.2%
$45K-$50K
5.7%
$50K-$60K
8.8%
$60K-$75K
8.9%
$75K-$100K
10.4%
$100K-$125K
7.2%
$125K-$150K
7.0%
$150K-$200K
6.8%
$200K+
6.6%

Employment

5.4% Unemployment Rate State: 4.9%|National: 5.2%
61.4% Labor Force Participation

Housing Overview

Owner 58.5%
Renter 41.5%
Affordability Index Affordable
3.8x home value to income ratio
Median gross rent $992/mo 21.2% of median household income annually

People & Demographics

Diversity Index

59out of 100
High Diversity

A diverse community with significant representation from multiple racial and ethnic groups.

State average: 55 | National average: 61

Education

Florence Rankings in South Carolina

#11 Population of 474
#186 Median Income of 417
#111 Education of 473
#142 Home Value of 414

Other Cities in Florence County

CityPopulationMedian IncomePovertyHome Value
Lake City 5,988 $33,600 25.7% $144,300
Timmonsville 2,045 $34,630 31.3% $104,300
Johnsonville 1,251 $44,830 20.9% $167,100
Pamplico 1,134 $34,545 31.7% $142,500
Quinby 858 $66,458 16.6% $164,800
Coward 853 $35,375 34.4% $154,700
Olanta 806 $54,464 15.3% $115,000
Scranton 733 $27,344 33.9% $102,300
Danwood 392 $100,278 14.5% $168,200

Cities Similar to Florence

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

CityPopulationMedian IncomeHome ValueBachelor's+Poverty
Sumter43,053$55,592$199,10028.7%16.7%
Spartanburg38,910$51,964$203,70032.6%23.8%
Myrtle Beach38,371$60,394$388,80033.5%19.0%
Greer41,536$82,626$288,70041.4%10.1%
Hilton Head Island37,911$94,657$687,40056.1%8.6%

Population Overview

Florence is a mid-sized community located in South Carolina, within Florence County. The total population is 40,408. It ranks as the 11th most populous out of 474 Census-designated places in South Carolina.

Age Demographics

The median age in Florence is 37.8 years. This is 6% lower than the state median of 40.2 years.

Economy, Income & Housing

The median household income in Florence is $56,143. This is 19% lower than the state median of $69,324. It is also 30% lower than the national median of $80,734. The poverty rate stands at 18.9%. This is 35% higher than the state poverty rate of 14.1%. The unemployment rate is 5.4%. This is 11% higher than the state rate of 4.9%. The median home value is $211,400. Housing costs are 18% lower than the state median of $259,000. The home-value-to-income ratio is 3.8x. 58.5% of occupied housing units are owner-occupied. This homeownership rate is 19% lower than the state average of 71.9%.

Race & Ethnicity

The largest racial or ethnic group in Florence is Black or African American, making up 49.8% of the population. White (non-Hispanic) residents account for 40.5%. The Black or African American population is significantly higher than the state average (49.8% vs 24.6%). The Asian population is significantly higher than the state average (3.2% vs 1.8%).

Education

30.4% of residents aged 25 and older hold a bachelor's degree or higher. This is 5% lower than the state rate of 32.1%. Nationally, 35.7% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 88.3%.

Data Sources & Methodology

All demographic data for Florence, South Carolina 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 South Carolina state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 474 Census-designated places in South Carolina. Read more about how these figures are produced on our methodology page, or visit data.census.gov for official data.

Free data download: Get all South Carolina city and county demographics as CSV. Download Cities CSV | Download Counties CSV

Frequently Asked Questions

What is the population of Florence, South Carolina?

Florence, South Carolina has a population of 40,408 according to the most recent U.S. Census ACS 5-Year Estimates.

What is the median household income in Florence, SC?

The median household income in Florence is $56,143, which is 30% lower than the national median of $80,734.

What is the poverty rate in Florence, SC?

The poverty rate in Florence is 18.9%. This means approximately 7,560 residents live below the federal poverty line.

What is the racial makeup of Florence, South Carolina?

Florence's population is 40.5% White, 49.8% Black, 4.6% Hispanic/Latino, and 3.2% Asian.

What is the median home value in Florence, SC?

The median home value in Florence is $211,400. The home-value-to-income ratio is 3.8x.

How educated is Florence, South Carolina?

30.4% of adults (25+) in Florence hold a bachelor's degree or higher, and 13.5% hold a graduate or professional degree.