Florence, AL Profile: Facts & Data

The City of Florence had a population of 39,809 as of July 1, 2020. Florence ranks in the upper quartile for Population Density when compared to the other cities, towns and Census Designated Places (CDPs) in Alabama. See peer rankings below.

The primary coordinate point for Florence is located at latitude 34.7998 and longitude -87.6773 in Lauderdale County. The formal boundaries for the City of Florence encompass a land area of 26.1 sq. miles and a water area of 0.2 sq. miles. Lauderdale County is in the Central time zone (GMT -6). The elevation is 551 feet.

The City of Florence (GNIS ID: 2403619) has a C1 Census Class Code which indicates an active incorporated place that does not serve as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.

Alabama is one of 20 states where Census County Divisions (CCDs) are used for statistical tracking of subdivisions within each county. The City of Florence is located within Florence Division of Lauderdale County.

Florence, AL Data & Demographics (As of July 1, 2020)

POPULATION
Total Population	39,809 (100%)
Population in Households	37,935 (95.3%)
Population in Families	27,679 (69.5%)
Population in Group Quarters¹	1,874 ( 4.7%)
Population Density	1,504
Diversity Index²	47


INCOME
Median Household Income	$40,206
Average Household Income	$58,039
% of Income for Mortgage⁴	15%
Per Capita Income	$25,997
Wealth Index⁵	59

HOUSING
Total HU (Housing Units)	20,020 (100%)
Owner Occupied HU	8,082 (40.4%)
Renter Occupied HU	9,380 (46.9%)
Vacant Housing Units	2,558 (12.8%)
Median Home Value	$143,145
Average Home Value	$172,080
Housing Affordability Index³	172

HOUSEHOLDS
Total Households	17,462
Average Household Size	2.17
Family Households	9,635
Average Family Size	3

NOTES

Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.

Florence, AL - Peer Comparisons by Rank and Percentile

The table below compares Florence to the other 586 incorporated cities, towns and CDPs in Alabama by rank and percentile using July 1, 2020 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

GROWTH RATE / YEAR	2010-2020	2020-2025
Population	0.1%	0.15%
Households	0.07%	0.19%
Families	-0.3%	-0.02%
Median Household Income		0.57%
Per Capita Income		1.42%
Owner Occupied HU		0.24%

Variable Description	Rank	Percentile
Total Population	# 11	98th
Population Density	# 18	97th
Median Household Income	# 340	42nd
Housing Affordability Index	# 90	15th
Per Capita Income	# 184	69th
Diversity Index	# 188	68th

Florence, AL Profile: Facts & Data

Florence, Alabama - Basic Facts

Florence, AL Data & Demographics (As of July 1, 2020)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Florence, AL - Peer Comparisons by Rank and Percentile

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