Florence, CO
Population 3,870 · Colorado
About Florence, CO
Florence is a small community in Colorado with a population of 3,870 residents. The median household income is $57,239 per year, which is near the national average. The median age in Florence is 43.3 years.
Housing in Florence has a median home value of $228,300 and median monthly rent of $694. Of the 1,697 total housing units, the majority are owner-occupied, with 1,101 owner-occupied and 509 renter-occupied units.
The unemployment rate in Florence is 1.8% and the poverty rate is 15.0%. 19.7% of residents hold a bachelor's degree or higher. The average commute time is 28.7 minutes.
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
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Economy & Education
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Other Cities in Colorado
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Florence
What is the population of Florence, CO?
The population of Florence, CO is 3,870 according to the latest Census data.
What is the median household income in Florence?
The median household income in Florence, CO is $57,239 per year.
What is the median home value in Florence?
The median home value in Florence, CO is $228,300.
What is the average rent in Florence?
The median monthly rent in Florence, CO is $694.
What is the unemployment rate in Florence?
The unemployment rate in Florence, CO is 1.8%.