Florence, MS
Population 4,647 · Mississippi
About Florence, MS
Florence is a small town located in Mississippi with a population of 4,647 residents according to the latest US Census Bureau American Community Survey data. The median household income is $86,406 per year, which is 15% above the national median of $75,149. The median age of 33.9 years is notably younger the US median age of 38.9 years, indicating a younger, often more dynamic population base.
Housing Market Overview
The housing market in Florence features a median home value of $207,400, which is 15% 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 $1,037, 11% below the national average of $1,163/month. Of the 1,885 total housing units, 71% are owner-occupied (1,166 units) and 29% are renter-occupied (477 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Florence shows an unemployment rate of 7.3%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 11.9%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Florence have an average one-way commute time of 31.2 minutes.
Education & Demographics
25.5% of Florence residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This is in line with national trends in educational attainment. The community's demographic composition includes 0.0% White, 0.2% Hispanic or Latino, 0.0% Black or African American, and 0.3% Asian residents, with 0.0% of the population being foreign-born.
How Florence Ranks in Mississippi
Cost of Living in Florence, MS
Compared to national averages, Florence has a median household income of $86,406 (15% above the national median of $75,149). Home values average $207,400, which is 15% below the national median. Monthly rent at $1,037 is 11% below the US average of $1,163. Within Mississippi, Florence's income is 73% above the state average of $49,929, and home values are 65% above the state median of $125,705.
Why Live in Florence, MS?
Florence offers a strong local economy with a median household income of $86,406, well above the national average, and affordable housing with a median home value of $207,400, below the US average of $244,900, and rent that’s lower than the national average at $1,037/month. Additionally, the city features a low poverty rate of 11.9%, better than the national average.
Florence has a population of 4,647 with a median age of 33.9 years. Compare Florence with other cities to see how it stacks up, or explore all cities in Mississippi.
Similar Cities Near Florence
Cities in Mississippi with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Ellisville | 4,593 | $32,853 | $97,000 | Compare |
| Waynesboro | 4,552 | $30,910 | $84,400 | Compare |
| Crystal Springs | 4,766 | $42,990 | $88,300 | Compare |
| Fulton | 4,511 | $56,620 | $140,300 | Compare |
| Carthage | 4,859 | $47,304 | $146,800 | Compare |
| Pearl River | 4,403 | $46,295 | $55,000 | Compare |
| University | 4,899 | $0 | $0 | Compare |
| Aberdeen | 4,909 | $40,732 | $84,100 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Mississippi
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, MS?
The population of Florence, MS is 4,647 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Mississippi.
What is the median household income in Florence?
The median household income in Florence, MS is $86,406 per year, which is 15% above the national median of $75,149.
What is the median home value in Florence?
The median home value in Florence, MS is $207,400, which is 15% 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, MS is $1,037, which is 11% below the national average of $1,163/month.
What is the unemployment rate in Florence?
The unemployment rate in Florence, MS is 7.3%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Florence, MS a good place to live?
Florence offers above-average incomes, affordable housing, and growing employment opportunities. With a population of 4,647 and a median age of 33.9, the city appeals to young professionals and families.
How educated is Florence, MS?
25.5% 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, MS: median home value is $207,400 (15% below national), median rent is $1,037/month, and median household income is $86,406. The home-value-to-income ratio is 2.4x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Florence?
The poverty rate in Florence, MS is 11.9%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Florence, MS?
Florence's population is 0.0% White, 0.2% Hispanic or Latino, 0.0% Black or African American, 0.3% Asian, and 10.1% two or more races. 0.0% of residents are foreign-born.