Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 40.1 yrs |
|---|---|
| Avg HH Size | 2.80 |
| Below Poverty | 7.8% ▼ 22% below avg |
| College Grads | 29.9% ▼ 23% below avg |
| Unemployment | 6.0% ▲ 22% above avg |
| No HS Diploma | 73 (2%) |
| HS Graduate | 1,267 (34.2%) |
| Some College | 315 (8.5%) |
| Associates | 938 (25.3%) |
| Bachelors | 199 (5.4%) |
| Graduate Degree | 909 (24.6%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $102,321 ▲ 34% above avg |
|---|---|
| Median Home Value | $287,900 ≈ Avg |
| Home/Income Ratio | 2.8x (nat avg ~3.5x) |
| Median Rent | $1,253/mo |
| Total Housing Units | 2,165 |
| Vacant Units | 88 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Florence is a city in New Jersey, located in Burlington County. The city spans 1 ZIP code and is home to approximately 5,830 residents. It is a middle-aged city, with a median age of 40.1 years.
Economically, Florence is a upper-middle-income community. The median household income of $102,321 is above the national average. Approximately 7.8% of residents live below the poverty line. The unemployment rate is 6.0%, above the national average.
The real estate market in Florence is a mid-range housing market. Median home values stand at $287,900, which is near the national average. Renters typically pay around $1,253 per month. Homeownership is high at 70.1%, typical of suburban and family-oriented communities.
The population of Florence is moderately educated. 29.9% of adults hold a bachelor's degree or higher — below the national average. The community is majority White (66.02%).
Florence, NJ offers residents above-average earning potential within New Jersey.
| ZIP | Population | Median Income | Median Home | Median Rent | Unemp. | College | Owner Occ. |
|---|---|---|---|---|---|---|---|
| 08518 | 5,830 | $102,321 | $287,900 | $1,253 | 6.0% | 29.9% | 70.1% |