Florence, IL
Population 12 · Illinois
About Florence, IL
Florence is a small community located in Illinois with a population of 12 residents according to the latest US Census Bureau American Community Survey data. The median household income is $26,250 per year, which is 65% below the national median of $75,149. The median age of 68 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 $75,000, which is 69% below the national median of $244,900. This makes Florence one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $0, 100% below the national average of $1,163/month. Of the 29 total housing units, 75% are owner-occupied (6 units) and 25% are renter-occupied (2 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Florence shows an unemployment rate of 0.0%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 25.0%, above the national average of 12.4%. Workers in Florence have an average one-way commute time of 0 minutes, one of the shorter commutes in the region.
Education & Demographics
0.0% 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 0.0% White, 0.0% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 0.0% of the population being foreign-born.
Cost of Living in Florence, IL
Compared to national averages, Florence has a median household income of $26,250 (65% below the national median of $75,149). Home values average $75,000, which is 69% below the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Illinois, Florence's income is 65% below the state average of $75,072, and home values are 55% below the state median of $165,779.
Why Live in Florence, IL?
Florence offers affordable housing with a median home value of $75,000, below the US average of $244,900, and rent that’s lower than the national average at $0/month, and a strong job market with an unemployment rate of just 0.0%. Additionally, the city features short commute times averaging just 0 minutes.
Potential considerations include median household income ($26,250) 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 12 with a median age of 68 years. Compare Florence with other cities to see how it stacks up, or explore all cities in Illinois.
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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, IL?
The population of Florence, IL is 12 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Illinois.
What is the median household income in Florence?
The median household income in Florence, IL is $26,250 per year, which is 65% below the national median of $75,149.
What is the median home value in Florence?
The median home value in Florence, IL is $75,000, which is 69% 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, IL is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Florence?
The unemployment rate in Florence, IL is 0.0%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Florence, IL a good place to live?
Florence offers a moderate cost of living, affordable housing, and a strong job market. With a population of 12 and a median age of 68, the city appeals to established professionals and retirees.
How educated is Florence, IL?
0.0% 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, IL: median home value is $75,000 (69% below national), median rent is $0/month, and median household income is $26,250. The home-value-to-income ratio is 2.9x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Florence?
The poverty rate in Florence, IL is 25.0%, 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, IL?
Florence's population is 0.0% White, 0.0% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 0.0% of residents are foreign-born.