Florence, MT
Population 993 · Montana
About Florence, MT
Florence is a small community in Montana with a population of 993 residents. The median household income is $97,850 per year, which is above the national average. The median age in Florence is 53.8 years.
Housing in Florence has a median home value of $460,000 and median monthly rent of $694. Of the 458 total housing units, the majority are owner-occupied, with 360 owner-occupied and 76 renter-occupied units.
The unemployment rate in Florence is 9.7% and the poverty rate is 6.8%. 35.0% of residents hold a bachelor's degree or higher. The average commute time is 45 minutes.
How Florence Ranks in Montana
Cost of Living in Florence, MT
Compared to national averages, Florence has a median household income of $97,850 (30% above the national median of $75,149). Home values average $460,000, which is 88% above the national median. Monthly rent at $694 is 40% below the US average of $1,163. Within Montana, Florence's income is 49% above the state average of $65,821, and home values are 59% above the state median of $288,703.
Why Live in Florence, MT?
Florence offers a strong local economy with a median household income of $97,850, well above the national average, and rent that’s lower than the national average at $694/month, and a well-educated community where 35.0% of residents hold a bachelor’s degree or higher. Additionally, the city features a low poverty rate of 6.8%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $460,000. However, Florence’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Florence has a population of 993 with a median age of 53.8 years. Compare Florence with other cities to see how it stacks up, or explore all cities in Montana.
Similar Cities Near Florence
Cities in Montana with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Superior | 995 | $43,750 | $260,300 | Compare |
| Browning | 990 | $34,318 | $121,100 | Compare |
| Absarokee | 998 | $57,212 | $258,100 | Compare |
| Philipsburg | 1,012 | $40,096 | $304,200 | Compare |
| Helena Flats | 1,014 | $88,125 | $544,900 | Compare |
| Vaughn | 970 | $54,250 | $165,600 | Compare |
| Ponderosa Pines | 969 | $86,102 | $264,600 | Compare |
| Pray | 1,018 | $102,143 | $601,400 | Compare |
Demographics
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Economy & Education
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Other Cities in Montana
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, MT?
The population of Florence, MT is 993 according to the latest Census data.
What is the median household income in Florence?
The median household income in Florence, MT is $97,850 per year.
What is the median home value in Florence?
The median home value in Florence, MT is $460,000.
What is the average rent in Florence?
The median monthly rent in Florence, MT is $694.
What is the unemployment rate in Florence?
The unemployment rate in Florence, MT is 9.7%.