Florence, NJ
Population 5,027 · New Jersey
About Florence, NJ
Florence is a small community in New Jersey with a population of 5,027 residents. The median household income is $99,020 per year, which is above the national average. The median age in Florence is 38.7 years.
Housing in Florence has a median home value of $270,100 and median monthly rent of $1,247. Of the 1,838 total housing units, the majority are owner-occupied, with 1,153 owner-occupied and 612 renter-occupied units.
The unemployment rate in Florence is 6.6% and the poverty rate is 6.7%. 20.4% of residents hold a bachelor's degree or higher. The average commute time is 28 minutes.
Cost of Living in Florence, NJ
Compared to national averages, Florence has a median household income of $99,020 (32% above the national median of $75,149). Home values average $270,100, which is 10% above the national median. Monthly rent at $1,247 is 7% above the US average of $1,163. Within New Jersey, Florence's income is 14% below the state average of $115,667, and home values are 42% below the state median of $469,644.
Why Live in Florence, NJ?
Florence offers a strong local economy with a median household income of $99,020, well above the national average, and a low poverty rate of 6.7%, better than the national average.
Florence has a population of 5,027 with a median age of 38.7 years. Compare Florence with other cities to see how it stacks up, or explore all cities in New Jersey.
Similar Cities Near Florence
Cities in New Jersey with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Ellisburg | 5,021 | $91,272 | $294,300 | Compare |
| Forked River | 4,988 | $87,455 | $404,600 | Compare |
| Beckett | 5,072 | $119,063 | $279,300 | Compare |
| Mendham | 4,977 | $223,750 | $764,000 | Compare |
| Ampere North | 4,968 | $71,192 | $358,000 | Compare |
| Brielle | 4,960 | $167,754 | $815,100 | Compare |
| Franklin | 4,938 | $90,152 | $253,100 | Compare |
| Demarest | 4,916 | $175,078 | $965,400 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in New Jersey
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, NJ?
The population of Florence, NJ is 5,027 according to the latest Census data.
What is the median household income in Florence?
The median household income in Florence, NJ is $99,020 per year.
What is the median home value in Florence?
The median home value in Florence, NJ is $270,100.
What is the average rent in Florence?
The median monthly rent in Florence, NJ is $1,247.
What is the unemployment rate in Florence?
The unemployment rate in Florence, NJ is 6.6%.