Florence, AZ Profile: Facts & Data

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Florence, Arizona - Basic Facts

The Town of Florence had a population of 27,347 as of July 1, 2024. Florence ranks in the upper quartile for Diversity Index when compared to the other cities, towns and Census Designated Places (CDPs) in Arizona. See peer rankings below.

The primary coordinate point for Florence is located at latitude 33.0315 and longitude -111.3873 in Pinal County. The formal boundaries for the Town of Florence encompass a land area of 62.01 sq. miles and a water area of 0.04 sq. miles. Pinal County is in the Mountain time zone (GMT -7).

The Town of Florence has a C1 Census Class Code which indicates an active incorporated place that does not serve as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.

Arizona is one of 20 states where Census County Divisions (CCDs) are used for statistical tracking of subdivisions within each county. The Town of Florence is located within Florence Division of Pinal County.


Jump to... (On This Page!)
  1. Florence 2024 Demographic Data
  2. Growth Rates for Florence (Historical & 5-Year Forecast)
  3. Peer Comparisons (Rank and Percentile)
  1. Neighborhoods Demographics (Home Values, Household Income, etc.)
  2. Arizona Research Tools (Easy Tools & Current Data)
  3. Arizona Data Comparison Tool - 2024 Demographics
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Florence, AZ Data & Demographics (As of July 1, 2024)

POPULATION

Total Population 27,347 (100%)
Population in Households 13,628 (49.8%)
Population in Families 11,226 (41.1%)
Population in Group Quarters1 13,719 (50.2%)
Population Density 437
Diversity Index2 76
 
 

INCOME

Median Household Income $76,451
Average Household Income $109,570
% of Income for Mortgage4 30%
Per Capita Income $25,637
Wealth Index5 129
Socioeconomic Status Index6 Moderate (46.9)
 

HOUSING

Total HU (Housing Units) 7,525 (100%)
Owner Occupied HU 5,014 (66.6%)
Renter Occupied HU 836 (11.1%)
Vacant Housing Units 1,675 (22.3%)
Median Home Value $361,313
Average Home Value $350,688
Housing Affordability Index3 87
 

HOUSEHOLDS

Total Households 5,850
Average Household Size 2.33
Family Households 4,148
Average Family Size 3.00
NOTES
  1. Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
  2. The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
  3. The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
  4. The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
  5. The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.
  6. The Socioeconomic Index ranges from zero (lowest relative status) to 100 (highest relative status). This measure quantifies disparities in social position of an area's inhabitants and is built from a broad range of demographic, housing, and socioeconomic inputs. More information on this measure can be found in Esri's SEI tutorial.

GROWTH RATE / YEAR

2020-2024 2024-2029
Population 0.49% 0.24%
Households 4.43% 0.61%
Families   0.49%
Median Household Income   2.12%
Per Capita Income   2.59%
Owner Occupied HU   1.04%

Florence, AZ - Peer Comparisons by Rank and Percentile

The table below compares Florence to the other 467 incorporated cities, towns and CDPs in Arizona by rank and percentile using July 1, 2024 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

Variable Description Rank Percentile
Total Population # 36 93rd
Population Density # 128 73rd
Median Household Income # 95 80th
Housing Affordability Index # 243 52nd
Per Capita Income # 278 41st
Diversity Index # 78 84th

Additional comparisons and rankings can be made with a VERY EASY TO USE Arizona Census Data Comparison Tool.

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