Florence, KY
Population 32,334 · Kentucky
About Florence, KY
Florence is a mid-sized city in Kentucky with a population of 32,334 residents. The median household income is $68,508 per year, which is near the national average. The median age in Florence is 40.5 years.
Housing in Florence has a median home value of $196,200 and median monthly rent of $1,199. Of the 14,637 total housing units, the majority are owner-occupied, with 8,325 owner-occupied and 5,705 renter-occupied units.
The unemployment rate in Florence is 2.7% and the poverty rate is 9.7%. 26.3% of residents hold a bachelor's degree or higher. The average commute time is 23.8 minutes.
How Florence Ranks in Kentucky
Cost of Living in Florence, KY
Compared to national averages, Florence has a median household income of $68,508 (9% below the national median of $75,149). Home values average $196,200, which is 20% below the national median. Monthly rent at $1,199 is 3% above the US average of $1,163. Within Kentucky, Florence's income is 3% above the state average of $66,273, and home values are 8% above the state median of $182,504.
Why Live in Florence, KY?
Florence offers affordable housing with a median home value of $196,200, below the US average of $244,900, and a strong job market with an unemployment rate of just 2.7%, and a low poverty rate of 9.7%, better than the national average. Additionally, the city features short commute times averaging just 23.8 minutes.
Potential considerations include median household income ($68,508) 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 32,334 with a median age of 40.5 years. Compare Florence with other cities to see how it stacks up, or explore all cities in Kentucky.
Similar Cities Near Florence
Cities in Kentucky with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Elizabethtown | 31,870 | $56,250 | $223,200 | Compare |
| Nicholasville | 31,625 | $67,514 | $210,700 | Compare |
| Hopkinsville | 31,011 | $47,428 | $140,200 | Compare |
| Richmond | 35,498 | $48,223 | $205,900 | Compare |
| Independence | 29,024 | $98,653 | $240,500 | Compare |
| Jeffersontown | 28,988 | $78,185 | $236,800 | Compare |
| Frankfort | 28,452 | $54,438 | $171,600 | Compare |
| Henderson | 27,994 | $47,176 | $151,400 | Compare |
Demographics
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Other Cities in Kentucky
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, KY?
The population of Florence, KY is 32,334 according to the latest Census data.
What is the median household income in Florence?
The median household income in Florence, KY is $68,508 per year.
What is the median home value in Florence?
The median home value in Florence, KY is $196,200.
What is the average rent in Florence?
The median monthly rent in Florence, KY is $1,199.
What is the unemployment rate in Florence?
The unemployment rate in Florence, KY is 2.7%.