Florence, CO
Population 3,870 · Colorado
About Florence, CO
Florence is a small town located in Colorado with a population of 3,870 residents according to the latest US Census Bureau American Community Survey data. The median household income is $57,239 per year, which is 24% below the national median of $75,149. The median age of 43.3 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Florence features a median home value of $228,300, which is 7% below the national median of $244,900. This positions Florence in a moderately priced market relative to the rest of the country. Median monthly rent is $694, 40% below the national average of $1,163/month. Of the 1,697 total housing units, 68% are owner-occupied (1,101 units) and 32% are renter-occupied (509 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Florence shows an unemployment rate of 1.8%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 15.0%, above the national average of 12.4%. Workers in Florence have an average one-way commute time of 28.7 minutes.
Education & Demographics
19.7% of Florence residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 5.9% White, 2.8% Hispanic or Latino, 0.0% Black or African American, and 5.3% Asian residents, with 3.3% of the population being foreign-born.
How Florence Ranks in Colorado
Cost of Living in Florence, CO
Compared to national averages, Florence has a median household income of $57,239 (24% below the national median of $75,149). Home values average $228,300, which is 7% below the national median. Monthly rent at $694 is 40% below the US average of $1,163. Within Colorado, Florence's income is 35% below the state average of $88,514, and home values are 50% below the state median of $457,127.
Why Live in Florence, CO?
Florence offers affordable housing with a median home value of $228,300, below the US average of $244,900, and rent that’s lower than the national average at $694/month, and a strong job market with an unemployment rate of just 1.8%.
Potential considerations include median household income ($57,239) that falls below the national average. However, Florence’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Florence has a population of 3,870 with a median age of 43.3 years. Compare Florence with other cities to see how it stacks up, or explore all cities in Colorado.
Similar Cities Near Florence
Cities in Colorado with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Rocky Ford | 3,843 | $35,658 | $126,100 | Compare |
| Genesee | 3,826 | $172,692 | $994,700 | Compare |
| El Jebel | 3,935 | $100,518 | $854,300 | Compare |
| Niwot | 3,773 | $141,621 | $868,400 | Compare |
| Penrose | 3,978 | $75,109 | $276,100 | Compare |
| Basalt | 3,995 | $106,000 | $1,148,100 | Compare |
| Silt | 3,575 | $86,484 | $391,400 | Compare |
| Monte Vista | 4,178 | $49,339 | $204,500 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Colorado
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Florence With Other Cities
Frequently Asked Questions about Florence
What is the population of Florence, CO?
The population of Florence, CO is 3,870 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Colorado.
What is the median household income in Florence?
The median household income in Florence, CO is $57,239 per year, which is 24% below the national median of $75,149.
What is the median home value in Florence?
The median home value in Florence, CO is $228,300, which is 7% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Florence?
The median monthly rent in Florence, CO is $694, which is 40% below the national average of $1,163/month.
What is the unemployment rate in Florence?
The unemployment rate in Florence, CO is 1.8%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Florence, CO a good place to live?
Florence offers a moderate cost of living, affordable housing, and a strong job market. With a population of 3,870 and a median age of 43.3, the city appeals to a broad range of residents.
How educated is Florence, CO?
19.7% of residents in Florence aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Florence?
Key cost-of-living indicators for Florence, CO: median home value is $228,300 (7% below national), median rent is $694/month, and median household income is $57,239. The home-value-to-income ratio is 4.0x, a moderate figure by national standards.
What is the poverty rate in Florence?
The poverty rate in Florence, CO is 15.0%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Florence, CO?
Florence's population is 5.9% White, 2.8% Hispanic or Latino, 0.0% Black or African American, 5.3% Asian, and 0.5% two or more races. 3.3% of residents are foreign-born.