Florence, SD
Population 289 · South Dakota
About Florence, SD
Florence is a small community located in South Dakota with a population of 289 residents according to the latest US Census Bureau American Community Survey data. The median household income is $69,531 per year, which is 7% below the national median of $75,149. The median age of 41.7 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Florence features a median home value of $137,500, which is 44% 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 $388, 67% below the national average of $1,163/month. Of the 139 total housing units, 91% are owner-occupied (106 units) and 9% are renter-occupied (11 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 11.3%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Florence have an average one-way commute time of 23.9 minutes.
Education & Demographics
6.4% 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, 5.2% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 0.3% of the population being foreign-born.
How Florence Ranks in South Dakota
Cost of Living in Florence, SD
Compared to national averages, Florence has a median household income of $69,531 (7% below the national median of $75,149). Home values average $137,500, which is 44% below the national median. Monthly rent at $388 is 67% below the US average of $1,163. Within South Dakota, Florence's income is 8% above the state average of $64,650, and home values are 4% below the state median of $143,757.
Why Live in Florence, SD?
Florence offers affordable housing with a median home value of $137,500, below the US average of $244,900, and rent that’s lower than the national average at $388/month, and a strong job market with an unemployment rate of just 0.0%. Additionally, the city features a low poverty rate of 11.3%, better than the national average, and short commute times averaging just 23.9 minutes.
Potential considerations include median household income ($69,531) 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 289 with a median age of 41.7 years. Compare Florence with other cities to see how it stacks up, or explore all cities in South Dakota.
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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, SD?
The population of Florence, SD is 289 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in South Dakota.
What is the median household income in Florence?
The median household income in Florence, SD is $69,531 per year, which is 7% below the national median of $75,149.
What is the median home value in Florence?
The median home value in Florence, SD is $137,500, which is 44% 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, SD is $388, which is 67% below the national average of $1,163/month.
What is the unemployment rate in Florence?
The unemployment rate in Florence, SD 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, SD a good place to live?
Florence offers a moderate cost of living, affordable housing, and a strong job market. With a population of 289 and a median age of 41.7, the city appeals to a broad range of residents.
How educated is Florence, SD?
6.4% 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, SD: median home value is $137,500 (44% below national), median rent is $388/month, and median household income is $69,531. The home-value-to-income ratio is 2.0x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Florence?
The poverty rate in Florence, SD is 11.3%, 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, SD?
Florence's population is 0.0% White, 5.2% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 0.3% of residents are foreign-born.