Florence, Arizona Income Statistics
Florence Wealth Score
The wealth index reflects the overall economic prosperity and financial well-being of an area's residents based on income levels, employment rates, and income inequality metrics.
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D
Florence Well below average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Florence | Arizona Avg | US Average |
|---|---|---|---|
| Median Household Income | $86,471 | $80,381 | $80,455 |
| Median Personal Income | $53,556 | $56,905 | $60,758 |
| Average Yearly Income Growth | 7.2% | 5.7% | 4.8% |
| Six-Figure Earners | 6.9% | 12.5% | 13.9% |
| $200k+ Households | 8.1% | 11.6% | 13.2% |
The median household income in Florence is about 8% higher than in Arizona. Income has been growing faster in Florence (7.2%/yr) than in Arizona (5.7%/yr).
About 7% of adults in Florence earn six figures ($100,000 or more) a year, lower than the Arizona average of 12%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Florence, Arizona grew by 80.2% from 2009 to 2024, reaching $86,471 in 2024. That's an average of about 7.2% per year.
Florence started 6.2% below the U.S. median household income in 2009 but had overtaken it by 2022, and has not been below it since. In 2024 its income was 7.5% higher.
Income Distribution in Florence
How incomes are spread across brackets, compared with the U.S. Pick a range to count who falls in it.
Households by income, 2024
Income range calculator
About 2,664 households (43.2% of all households) have an income of $100,000 or more.
Across the U.S.: 40.2% of all households.
In 2024, 16.8% of households in Florence had an income under $35,000 and 18.9% had $150,000 or more. Across the U.S., those shares were 21.6% and 22.8%.
Compared with the U.S., Florence has a larger share of households earning $100,000 to $149,999 (24.3% vs 17.4%) and a smaller share earning $200,000 or more (8.1% vs 13.2%).
| Household income | Households | Share | U.S. share |
|---|---|---|---|
| Under $10,000 | 468 | 7.6% | 5.1% |
| $10,000 to $14,999 | 77 | 1.3% | 3.5% |
| $15,000 to $24,999 | 275 | 4.5% | 6.4% |
| $25,000 to $34,999 | 212 | 3.4% | 6.7% |
| $35,000 to $49,999 | 655 | 10.6% | 10.1% |
| $50,000 to $74,999 | 1,040 | 16.9% | 15.5% |
| $75,000 to $99,999 | 770 | 12.5% | 12.6% |
| $100,000 to $149,999 | 1,500 | 24.3% | 17.4% |
| $150,000 to $199,999 | 662 | 10.8% | 9.5% |
| $200,000 or more | 501 | 8.1% | 13.2% |
Shares are of all 6,160 households, one per occupied home whatever its size. Households with zero or negative income are counted in the lowest bracket. Source: ACS 5-year estimates ending 2024 (table B19001).
Residents 15+ by personal income, 2024
Income range calculator
About 1,263 residents (6.9% of residents aged 15 and over) have a personal income of $100,000 or more.
Across the U.S.: 13.9% of residents aged 15 and over.
That is 9.4% of residents who have any income.
In 2024, 26.7% of Florence residents aged 15 and over reported no personal income, 26.9% had some income but less than $25,000, and 12.4% had $75,000 or more. Across the U.S., those shares were 12.8%, 28.7% and 22.0%.
Compared with the U.S., Florence has a larger share of residents with no personal income (26.7% vs 12.8%) and a smaller share earning $100,000 or more (6.9% vs 13.9%).
| Personal income | Residents | Share | U.S. share |
|---|---|---|---|
| No income | 4,893 | 26.7% | 12.8% |
| $1 to $9,999 | 2,538 | 13.9% | 11.2% |
| $10,000 to $14,999 | 848 | 4.6% | 7.0% |
| $15,000 to $24,999 | 1,549 | 8.5% | 10.5% |
| $25,000 to $34,999 | 1,288 | 7.0% | 9.5% |
| $35,000 to $49,999 | 2,009 | 11.0% | 12.6% |
| $50,000 to $74,999 | 2,930 | 16.0% | 14.3% |
| $75,000 to $99,999 | 1,003 | 5.5% | 8.2% |
| $100,000 or more | 1,263 | 6.9% | 13.9% |
Shares are of the 18,321 residents aged 15 and over, the only people the Census Bureau asks about income, and include those who reported none. A share of the whole population would count children as people without income, while a share of earners alone would hide the 26.7% with no income; the calculator adds that second share whenever your range leaves out people with no income. Source: ACS 5-year estimates ending 2024 (table B19325).
Income Inequality and the Gender Pay Gap in Florence
| Metric | Florence | Arizona Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.618 | 0.548 | 0.552 |
| Male Median Income | $65,866 | $65,388 | $69,667 |
| Female Median Income | $48,779 | $54,779 | $56,850 |
| Gender Pay Gap | 25.9% | 16.2% | 18.4% |
The Gini coefficient measures how evenly income is shared between richer and poorer households, from 0 (everyone earns the same) to 1 (one household earns nearly everything). The lower the number, the more equally income is distributed. In Florence, it is 0.618, higher than Arizona's 0.548, so income is less evenly distributed here than there, and higher than the US's 0.552, so income is less evenly distributed here than there.
Men's income is about 35% more than women's income in Florence, Arizona. Over a 35-year career, a 35% wage gap accumulates to roughly $598,045 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Florence, Arizona has widened from about 12% to 26% in 2024. Over that period the gap was widest at 35% in 2016, and in 2011 women out-earned men by 3%. In dollar terms, the gap has widened by $12,338 since 2009.
Sharply against the trend: the pay gap in Florence widened by 14.0 points while Arizona's narrowed by 0.9 points.
Employment
| Metric | Florence | Arizona Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 6.1% | 5.1% | 5.2% |
| Working from Home | 24.4% | 18.4% | 15.0% |
| Commute time (minutes) | 30 | 22 | 22 |
Approximately 442 people are unemployed in Florence, Arizona.
The average commute time in Florence is 30 minutes, longer than the 22 minutes in Arizona.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Florence, Arizona has fallen from 8.9% to 6.1% in 2024. Over that period the rate peaked at 13.3% in 2016 and fell as low as 5.3% in 2023.
Florence has been above the U.S. unemployment rate in most years since 2011, but briefly dipped below it in 2014 (0.5 points lower). In 2024 its rate was 0.9 points higher.
Florence, AZ Wealth Compared With Nearby Cities
How Florence, AZ compares with the 1 cities closest to it.
| Area | Population | Median household income | Income growthAverage yearly change in median household income since 2016. Each year is measured in its own dollars, so this is growth before inflation. | Unemployment | Income inequalityGini coefficient: 0 would mean every household earns the same, 1 that a single household earns everything. The lower the number, the more equally income is shared here. |
|---|---|---|---|---|---|
| Florence, AZ | 22,129 | $86,471 #2/2 | 7.2%/yr #1/2 | 6.1% #2/2 | 0.618 #2/2 |
| San Tan Valley, AZ | 102,207 | $99,471 | 6.2%/yr | 4.3% | 0.533 |
Conclusion
Considering all these factors, Florence, Arizona has an overall wealth index grade of D, making it somewhat worse than Arizona, and somewhat worse than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Florence, Arizona.
How Rich Is Florence, Arizona?
Florence has a wealth index grade of D. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a D grade means residents are somewhat worse off than the U.S. average. The median household income is $86,471, about 8% higher than the Arizona average of $80,381.
How has median household income changed in Florence, Arizona?
Between 2009 and 2024, the median household income in Florence, Arizona rose 80%, from $47,985 to $86,471. Over the same years, income here outpaced Arizona as a whole: +80% against +60%.
What was the median household income in Florence in 2023?
In 2023, the median household income in Florence, Arizona was $81,412, up 8% from $75,342 in 2022. The Arizona median that year was $77,075.
What was the median household income in Florence in 2020?
In 2020, the median household income in Florence, Arizona was $60,438. By 2024 it had risen 43% to $86,471.
What is the Gini coefficient in Florence, Arizona?
The Gini coefficient in Florence is 0.618. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is higher than the US average of 0.552, so income is distributed less equally than in the country overall.
How has the income gap between men and women changed in Florence, Arizona?
Since 2009, the income gap between men and women in Florence, Arizona has widened from about 12% to 26% in 2024. Over that period the gap was widest at 35% in 2016, and in 2011 women out-earned men by 3%. In dollar terms, the gap has widened by $12,338 since 2009.
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