Florence, TX Profile: Facts & Data

The primary coordinate point for Florence is located at latitude 30.8413 and longitude -97.7936 in Williamson County. The formal boundaries for the City of Florence encompass a land area of 0.86 sq. miles and a water area of 0 sq. miles. Williamson County is in the Central time zone (GMT -6).

The City 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.

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

Florence, TX Data & Demographics (As of July 1, 2024)

POPULATION
Total Population	1,248 (100%)
Population in Households	1,248 (100.0%)
Population in Families	1,092 (87.5%)
Population in Group Quarters¹	0
Population Density	1,367
Diversity Index²	74


INCOME
Median Household Income	$79,443
Average Household Income	$131,262
% of Income for Mortgage⁴	38%
Per Capita Income	$45,437
Wealth Index⁵	147
Socioeconomic Status Index⁶	Moderate (58.4)

HOUSING
Total HU (Housing Units)	470 (100%)
Owner Occupied HU	336 (71.5%)
Renter Occupied HU	96 (20.4%)
Vacant Housing Units	38 ( 8.1%)
Median Home Value	$480,822
Average Home Value	$608,929
Housing Affordability Index³	58

HOUSEHOLDS
Total Households	432
Average Household Size	2.89
Family Households	321
Average Family Size	3.00

NOTES

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.
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.
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.
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).
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.
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.

Florence, TX - Peer Comparisons by Rank and Percentile

The table below compares Florence to the other 1,863 incorporated cities, towns and CDPs in Texas 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.

GROWTH RATE / YEAR	2020-2024	2024-2029
Population	1.51%	2.31%
Households	0.78%	2.04%
Families		1.86%
Median Household Income		2.34%
Per Capita Income		2.91%
Owner Occupied HU		2.11%

Variable Description	Rank	Percentile
Total Population	# 909	51st
Population Density	# 493	74th
Median Household Income	# 555	70th
Housing Affordability Index	# 320	17th
Per Capita Income	# 321	83rd
Diversity Index	# 535	71st

Florence, TX Profile: Facts & Data

Florence, Texas - Basic Facts

Florence, TX Data & Demographics (As of July 1, 2024)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Florence, TX - Peer Comparisons by Rank and Percentile

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Williamson County