Florence is a city in Alabama state in USA with a population of 40652 residents.. The poverty rate of Florence is 19.6%, which is 40% higher than national average. The typical household in Florence earns $39735 a year, compared to the national median of $67,500. Nearly 60.4% of households earn less than $50,000 a year compared to 39% national rate.

A high school education is a basic prerequisite for most jobs, and in Florence, only 88% of adults have a high school diploma, compared to the 87.7% of adults nationwide. The unemployment rate of Florence remained 6.4%, which is 36% higher than national rate. Nearly 1 times comparable to 4.7% national rate, according to the Census. Higher educational attainment can lead to improved job security and reduce the likelihood of financial insecurity. In Florence, only 28% of adults have a bachelor's degree and 30% have some college but no degree.

Cost of living in Florence is 86, which is 14% lower than national average. Median home value in Florence is $142000 , which is 38% lower than national average. While median income in Florence remained $39735, which is 41% lower than national average.