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Florence Apartment Features
Apartments Near Florence
Living In Florence, CO
Florence is a small town in Colorado with approximately 4,000 residents. Retirees make up a greater percentage of the population (20%) here than nationally (14%), while young adults are less well-represented. With an average age of just under 43, the town's residents are older than most cities in Colorado. Home ownership is more common than renting in Florence, and 30% of residents rent. Renting remains an affordable option, though, as the town boasts a relatively low average rent of $832/month. Over the course of a year, renters in Florence will save around $4,300 compared to the state average.
Compared to the national average (5%), Florence has a relatively high concentration of residents over the age of 25 who have an Associate's degree (7%). Additionally, 8% have earned a Bachelor's degree and 2% possess a Master's or Doctoral degree. Many Florence residents work in one of three industries: public administration, healthcare, and support. Together, these industries account for 19% of the workforce in the town. Meanwhile, looking at job function, many workers in these industries are in sales, as 5% of the town's population reports this as their field of work, the highest number of any field. Florence workers take home an average annual income of about $49,000, less than the average Colorado resident. The town's average income also falls below the national average of $73,345.
Florence residents have an average commute of about 27 minutes. Many residents (35%) commute to work by car, while public transit is not used. Walking isn't a common means of commuting to work.
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