What is the median household income in Florence, NJ?
The median household income in Florence, NJ is $85,219 (±$11,205) a year (2020–2024 American Community Survey).
Paying the median gross rent of $1,354 a month would take about $54,200 a year at the common guideline of spending no more than 30% of income on rent.
In Florence, the median household income went from $55,960 in 2015–2019 to $85,219 in 2020–2024 (+52.3%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
Figures last updated on .
- Median household income
- $85,219 (±$11,205)
- Median renter income
- $59,844 (±$8,146)
- Income to afford median rent
- about $54,200
Income in Florence against Burlington County, its state and the nation
| Florence | Burlington County | New Jersey | United States | |
|---|---|---|---|---|
| Median household income | $85,219 (±$11,205) | $108,111 (±$1,600) | $103,556 (±$513) | $80,734 |
| Median renter household income | $59,844 (±$8,146) | $65,698 (±$3,821) | $62,674 (±$718) | $52,966 |
| Median owner household income | $110,125 (±$13,386) | $124,194 (±$2,574) | $133,477 (±$624) | $100,009 |
| Median gross rent | $1,354 (±$79) | $1,745 (±$30) | $1,720 (±$7) | $1,413 |
In Florence, median household income is lower than in Burlington County ($108,111).
It is also lower than in New Jersey ($103,556).
It is not measurably different from the national figure ($80,734).
In Burlington County, Florence ranks 8 of 12 places with a published estimate, from highest to lowest median household income.
Statewide, it ranks 194 of 246.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How much you need to earn to rent in Florence
Many landlords and housing programs use 30% of gross income as the most a household should spend on rent.
At that guideline, the median gross rent of $1,354 a month ($16,248 a year) needs an income of about $54,200 a year.
The median renting household in Florence earns $59,844 a year.
This is arithmetic on the published medians, not a rule any landlord must follow; screening criteria vary and some places limit how income may be weighed.
Income against housing costs since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median household income | $55,960 (±$10,755) | $85,219 (±$11,205) | +52.3% | No measurable change after inflation |
| Median gross rent | $1,044 (±$91) | $1,354 (±$79) | +29.7% | No measurable change after inflation |
| Median home value | $181,900 (±$27,191) | $309,900 (±$26,278) | +70.4% | Up after inflation |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Median household income in places near Florence
| Place | Distance | Median household income | Compared with this place |
|---|---|---|---|
| Florence | — | $85,219 (±$11,205) | — |
| Tullytown | 1.5 mi | $65,185 (±$8,804) | Lower |
| Roebling | 1.6 mi | $88,750 (±$37,175) | Not measurably different |
| Bristol | 2.6 mi | $76,042 (±$22,106) | Not measurably different |
| Bristol Township | 3.1 mi | $79,101 (±$4,960) | Not measurably different |
| Levittown | 3.2 mi | $105,071 (±$4,676) | Higher |
| Burlington | 3.6 mi | $84,813 (±$13,264) | Not measurably different |
| Fieldsboro Borough | 4.1 mi | $91,500 (±$29,113) | Not measurably different |
| Burlington Township | 4.3 mi | $104,067 (±$8,619) | Higher |
Nearby places with a measurably lower figure: Tullytown, PA ($65,185).
Nearby places with a measurably higher figure: Levittown, PA ($105,071), Burlington Township, NJ ($104,067).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median household income across Burlington County, place by place
| Rank | Place | Median household income |
|---|---|---|
| 2 | Country Lake Estates | $127,643 (±$29,099) |
| 3 | Presidential Lakes Estates | $114,348 (±$26,123) |
| 4 | Ramblewood | $111,170 (±$11,815) |
| 5 | Marlton | $94,464 (±$4,776) |
| 6 | Fort Dix | $92,303 (±$18,925) |
| 7 | Roebling | $88,750 (±$37,175) |
| 8 | Florence | $85,219 (±$11,205) |
| 9 | Browns Mills | $75,867 (±$8,751) |
| 10 | Pemberton Heights | $75,512 (±$11,711) |
| 11 | McGuire AFB | $74,071 (±$17,459) |
| 12 | Leisuretowne | $55,357 (±$12,233) |
Showing 11 of 12 places in Burlington County, ranked from highest to lowest.
Florence is a census-designated place: an unincorporated community the Census Bureau draws for statistics, with no municipal government of its own.
It lies inside Florence Township, whose figures include it.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
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Questions about Florence
What is the median household income in Florence?
The median household income in Florence is $85,219 (±$11,205) a year (2020–2024 American Community Survey).
How much do you need to make to afford rent in Florence?
About $54,200 a year, if rent is to stay at or below 30% of income at the median gross rent of $1,354 a month.
Have incomes in Florence kept up with inflation?
In Florence, the median household income went from $55,960 in 2015–2019 to $85,219 in 2020–2024 (+52.3%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
What do renters earn in Florence?
The median renting household in Florence, NJ earns $59,844 (±$8,146) a year.
Sources
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — Florence CDP, New Jersey
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Florence CDP, New Jersey
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Florence CDP, New Jersey
- Median Household Income (B19013), 2015–2019 ACS 5-year estimates — Florence CDP, New Jersey
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Florence CDP, New Jersey
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Florence CDP, New Jersey
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) and detailed tables (acs/acs5) for Florence CDP, New Jersey (place:23820, in state:34).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B19013_001E, B19013_001M, B25064_001E, B25064_001M, B25077_001E, B25077_001M from the 2019 release.
The API needs a free key.
DP03_0062E, DP03_0062M, B25119_003E, B25119_003M, B25119_002E, B25119_002M, DP04_0134E, DP04_0134M
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .
Related
- Housing in Florence at a glance
- Median rent in Florence
- Rent by bedrooms in Florence
- Rent burden in Florence
- Renters and owners in Florence
- Home values in Florence
- Homeowner costs in Florence
- Property taxes in Florence
- Types of homes in Florence
- Bedrooms in Florence
- Age of homes in Florence
- Heating fuel in Florence
- Commute and cars in Florence
- Population growth in Florence
- How long people stay in Florence
- Crowding and facilities in Florence
- Fair Market Rent in Florence
- New Jersey landlord and tenant rules
- Housing across Burlington County
- New Jersey places ranked by median household income
- Housing data for every place in New Jersey