Florence South Carolina Household Income
The Census ACS 1-year survey reports that the median household income for the Florence South Carolina metro area was $49,724 in 2021, the latest figures available. Florence median household income is $9,594 lower than the median South Carolina household income and $19,993 less than the US median household income. 2022 metro income data (including Florence median household income) will be released in September of 2023. Median family and per capita income for Florence are shown below.
Note: 2020 data is interpolated as the ACS release for the year was incomplete due to data gathering issues related to the pandemic.
Real Median Household Income for Florence South Carolina
| 2021 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | $69,717 | -1.64% | +4.32% |
| South Carolina | $59,318 | -1.91% | +5.11% |
| Florence | $49,724 | -3.32% | +8.15% |
Trends in Florence, SC Real Median Household Income since 2005
The current median household income for Florence is $49,724. Real median household income peaked in 2007 at $53,599 and is now $3,875 (7.23%) lower. From a post peak low of $43,527 in 2015, real median household income for Florence has now grown by $6,197 (14.24%).
Real Median Household Income: Florence, South Carolina, National
Historical Inflation Adjusted Median Household Income for Florence
| Date | US | South Carolina | Florence |
|---|---|---|---|
| 2021 | $69,717 | $59,318 | $49,724 |
| 2020 | $70,877 | $60,470 | $51,430 |
| 2019 | $69,638 | $59,587 | $51,448 |
| 2018 | $66,828 | $56,436 | $45,977 |
| 2017 | $66,687 | $55,893 | $44,832 |
| 2016 | $65,052 | $55,888 | $47,645 |
| 2015 | $63,784 | $54,021 | $43,527 |
| 2014 | $61,468 | $51,823 | $45,982 |
| 2013 | $60,869 | $51,448 | $44,941 |
| 2012 | $60,732 | $50,962 | $45,117 |
| 2011 | $60,969 | $51,148 | $48,243 |
| 2009 | $63,573 | $53,726 | $48,454 |
| 2007 | $66,465 | $56,757 | $53,599 |
| 2005 | $64,310 | $54,678 | $50,276 |
Florence Family Income
The ACS 1-year data shows the median family income for Florence was $65,564 in 2021. Compared to the median South Carolina family income, Florence median family income is $8,337 lower. As with the median household income data, 2022 family income data for Florence will be released in September of 2023.
Real Median Family Income for Florence South Carolina
| 2021 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | $85,806 | -1.68% | +4.09% |
| South Carolina | $73,901 | -2.24% | +4.18% |
| Florence | $65,564 | +1.14% | +7.63% |
Trends in Florence, SC Real Median Family Income since 2005
The current median family income for Florence is $65,564. Real median family income peaked in 2007 at $65,925 and is now $361 (0.55%) lower. From a post peak low of $54,905 in 2013, real median family income for Florence has now grown by $10,659 (19.41%).
Real Median Family Income: Florence, South Carolina, National
Historical Inflation Adjusted Median Family Income for Florence
| Date | US | South Carolina | Florence |
|---|---|---|---|
| 2021 | $85,806 | $73,901 | $65,564 |
| 2020 | $87,269 | $75,592 | $64,825 |
| 2019 | $85,780 | $74,752 | $61,784 |
| 2018 | $82,434 | $70,933 | $60,917 |
| 2017 | $81,669 | $69,004 | $57,009 |
| 2016 | $80,231 | $69,475 | $62,783 |
| 2015 | $78,061 | $67,794 | $58,416 |
| 2014 | $75,505 | $64,715 | $59,812 |
| 2013 | $74,593 | $63,707 | $54,905 |
| 2012 | $73,920 | $62,377 | $55,981 |
| 2011 | $74,192 | $63,067 | $58,914 |
| 2009 | $77,322 | $66,339 | $62,798 |
| 2007 | $80,131 | $69,312 | $65,925 |
| 2005 | $77,647 | $66,894 | $61,195 |
Florence Per Capita Income
The ACS 1-year survey shows the per capita income for Florence was $29,017 in 2021. Compared to the median South Carolina per capita income, Florence median per capita income is $4,322 lower. As with the median household and median family income numbers above, 2022 per capita income data for Florence will be released in September of 2023.
Real Per Capita Income for Florence South Carolina
| 2021 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | $38,332 | -1.03% | +5.01% |
| South Carolina | $33,339 | -1.44% | +6.71% |
| Florence | $29,017 | +0.96% | +7.95% |
Trends in Florence, SC Real Per Capita Income since 2005
At $29,017, the per capita income for Florence was at a new inflation adjusted high in 2021.
Real Per Capita Income: Florence, South Carolina, National
Historical Real Per Capita Income for Florence
| Date | US | South Carolina | Florence |
|---|---|---|---|
| 2021 | $38,332 | $33,339 | $29,017 |
| 2020 | $38,730 | $33,826 | $28,741 |
| 2019 | $37,803 | $33,165 | $27,449 |
| 2018 | $36,503 | $31,244 | $26,881 |
| 2017 | $35,807 | $30,847 | $25,884 |
| 2016 | $35,145 | $30,502 | $26,085 |
| 2015 | $34,284 | $29,307 | $26,096 |
| 2014 | $33,094 | $28,177 | $24,379 |
| 2013 | $32,833 | $27,594 | $24,393 |
| 2012 | $32,297 | $27,659 | $24,847 |
| 2011 | $32,243 | $27,282 | $25,123 |
| 2009 | $33,430 | $28,493 | $26,019 |
| 2007 | $34,959 | $30,308 | $27,855 |
| 2005 | $34,817 | $29,949 | $27,758 |
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