Florence, South Carolina

Population

Growing. Up 3.2% since 2020.

41,231

people, the 11th-largest of South Carolina's cities and towns.

Census Population Estimates, 2025. Rank among South Carolina's cities and towns computed by the Almanac. Sources: Census Population Estimates

The workday

8 in 10 jobs here go to people who live somewhere else.

81.8%

of 40,125 jobs located in Florence are filled by in-commuters.

Census LEHD LODES, 2023. Sources: Census LEHD LODES

Unemployment, 2026

The low came in April: 4.2%.

4.7%

in August 2026, the latest month released. A year earlier it was 5.3%.

BLS Local Area Unemployment Statistics, monthly, through August 2026. Not seasonally adjusted, so compare with the same month a year earlier. Sources: BLS Local Area Unemployment Statistics

Rent

Median rent is up 59% since the 2005–2009 survey, before inflation.

$992

a month. South Carolina's median is $1,180.

Census ACS 5-year, 2020-2024 (latest), with earlier 5-year windows. Sources: Census ACS 5-year

The seam

Cross one tract line and median rent jumps $768.

A $768 gap between neighbors, the sharpest rent edge between adjacent tracts in Florence County.

• $870 Tract 26
• $1,638 Tract 15.03

Census ACS 5-year, 2020-2024, adjacent tracts compared by the Almanac. Tract estimates carry wide margins of error. Sources: Census ACS 5-year

Room to build

The median rent sits inside what local wages can carry.

$851–$1,277

is the monthly rent range local workforce wages support.

• $992 median

Supportable rent computed by the Almanac from 2023 source wage data. Median rent: Census ACS 5-year, 2020-2024. Sources: Computed by the Almanac, Census ACS 5-year

Building

67% of the housing here was built before 2000.

• 2,155 homes permitted, 2018–2025
• 20% of those were in multifamily buildings
• 67% of all homes were built before 2000

Census Building Permits Survey, 2018–2025; Census ACS 5-year, 2020-2024. Sources: Census Building Permits Survey, Census ACS 5-year

Units needed

Closing the gap would add 0.4–2.1% to the 19,110 homes here.

71–401

is the estimated number of missing housing units, from the lowest to the highest of three estimates.

Range computed by the Almanac from 2023 jobs and household data, using three demand models: 1% of jobs located here, 1% of renter households, and a rate by town size applied to renters. The low end is the lowest of the three and the high end the highest. It is an estimate, not a count. Sources: Computed by the Almanac

Home value

A median home costs 18% less than South Carolina's.

$211,400

median home value in Florence.

• $211,400 Florence
• $259,000 South Carolina
• $332,700 U.S.

Census ACS 5-year, 2020-2024. Sources: Census ACS 5-year