HomeSouth CarolinaFlorence CountyFlorence city
Florence city, South Carolina: commercial real estate data.
Florence city is a Census city of 40,408 people across 24.82 square miles of land, in Florence County. Median household income is $56,143, 58.4 percent of occupied homes are owned, and the SBA record carries 55 7(a) approvals to borrowers here worth $49.4 m.
77 sourced place values · tier FULL · 8 sections
Florence
What Florence is
- Census place typecity
- Land area24.82 sq mi
- Water area0.11 sq mi
- Population per square mile of land1,628
- County holding the largest share of its areaFlorence County, 99.7 percent
US Census Bureau, cartographic boundary file, places, 2024 vintage. US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Florence
How many people live in Florence
- Population40,408
- Median age37.8
- Population under 1810,042
- Share under 1824.9 percent
- Population 65 and over7,201
- Share 65 and over17.8 percent
- Households16,413
- Family households10,138
- Share of households that are families61.8 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Florence
Income and work in Florence
- Median household income$56,143
- Per capita income$34,306
- Civilian labor force19,174
- Employed18,135
- Unemployed1,039 plus or minus 255
- Unemployment rate5.4 percent plus or minus 1.3
- Adults 25 and over27,348
- Adults 25 and over with a high school diploma or higher88.3 percent
- Adults 25 and over with a bachelor degree or higher30.4 percent
- Adults 25 and over with a graduate degree13.5 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Florence
Housing in Florence
- Housing units19,110
- Occupied units16,413
- Vacant units2,697
- Vacancy rate14.1 percent
- Owner occupied9,593
- Renter occupied6,820
- Ownership rate58.4 percent
- Median owner-occupied home value$211,400
- Median gross rent, monthly$992
- Annual rent as a share of median income21.2 percent
- Single family units13,395
- Share single family70.1 percent
- Units in buildings of two or more5,394
- Share in buildings of two or more28.2 percent
- Mobile homes312 plus or minus 157
- Median year structure built1983
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Florence
How Florence gets to work
- Workers 16 and over who commute16,080
- Commuting under 15 minutes6,132
- Share commuting under 15 minutes38.1 percent
- Commuting 30 minutes or more2,681 plus or minus 564
- Share commuting 30 minutes or more16.7 percent plus or minus 3.4
- Drove alone76.3 percent
- Carpooled10.2 percent plus or minus 2.9
- Public transport0.9 percent plus or minus 0.8
- Walked0.7 percent plus or minus 0.6
- Worked from home11.0 percent plus or minus 3.6
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Florence
SBA 7(a) lending to Florence borrowers
- Approvals55
- Gross approval$49,429,700
- Average approval$898,722
- Median approval$427,600
- Ninetieth percentile approval$2,200,000
- Largest approval$5,000,000
- Jobs supported466
- Jobs per approval8.5
- Loans with a final outcome11
- Paid in full10
- Charged off1
- Charge-off rate over resolved loans9.1 percent
- Median term120 months
- Share on real estate terms of 20 years or more29.1 percent
- Share to franchises25.5 percent
- Distinct lenders26
- Distinct industries by NAICS39
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Florence
SBA 504 lending to Florence borrowers
- Approvals17
- Gross approval$8,817,000
- Average approval$518,647
- Median approval$532,000
- Largest approval$1,112,000
- Jobs supported255
- Loans with a final outcome5
- Charged off0
- Median term240 months
- Distinct CDCs3
US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Florence County, not Florence
Florence County context, not Florence figures
These are Florence County figures. There is no place level equivalent published for any of them, so they are shown as the county backdrop and never as Florence measurements.
- Establishments in Florence County3,282
- Employment at those establishments, Florence County67,074
- Covered employment, Florence County68,848
- Average annual pay, Florence County$52,861
- Average weekly wage, Florence County$1,017
- Housing units permitted, Florence County666
- Of those, single family, Florence County580
- County product, 2024, Florence County$9,981,118,000
- County product change over the prior year, Florence County6.5 percent
- Average income of an arriving household, Florence County$49,937
Every figure in this section is published for Florence County as a whole and is not a measurement of Florence. It is here because a county backdrop is what a credit committee reads a place against, and it is labelled so that it can never be quoted as the place's own.
US Census Bureau, County Business Patterns, 2023. US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages. US Census Bureau, Building Permits Survey, 2024 annual. US Bureau of Economic Analysis, Regional, table CAGDP2, CAGDP2, through 2024. US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Coverage
What this page does not hold.
Every item below could be filled with a plausible figure. None of them is. On a page a lender may read, a number that cannot be traced is worse than an absence, so the absences are named.
- This place is not listed as a community in the FEMA Community Status Book, so no NFIP participation or CRS class is shown.
- Parcel level detail, zoning and flood zone at an address are resolved in the platform, not on this page.
SBA figures count approvals to borrowers whose address is in the place. They are not approvals for projects inside the place boundary: the tape records a borrower city and a project county, and those can differ.
Common questions
Florence questions, answered from the record.
How many people live in Florence, South Carolina?
40,408, in 16,413 households. Florence city covers 24.82 square miles of land, which is 1,628 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is Florence in?
Florence County, which holds 99.7 percent of the place by area. Source: US Census Bureau, cartographic boundary file, places, 2024 vintage.
What is the median household income in Florence?
$56,143. The median owner-occupied home is valued at $211,400. Median gross rent is $992 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
How much SBA lending goes to Florence businesses?
55 7(a) approvals totalling $49.4 m, across 26 lenders, median approval $427,600, plus 17 504 approvals worth $8.8 m. These count approvals to borrowers whose address is in Florence, not projects sited inside the place boundary, and they are approvals recorded in the release rather than loans disbursed.
Do SBA loans to Florence borrowers get paid back?
Of the 11 loans that have reached a final outcome, 10 were paid in full and 1 charged off, a charge off rate of 9.1 percent. Loans still running are excluded because they have not yet succeeded or failed.
Are the county figures on this page Florence figures?
No, and they are labelled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for Florence County as a whole and there is no place level equivalent. They appear in one clearly marked section as context and are never presented as measurements of Florence.
Is zoning published for Florence?
Not yet. The zoning layer is in build. Nothing on this page presents parcel level zoning.
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