Page 18 - Florence County, SC Florence County 2032: Connecting Our Past, Defining Our Future

Existing County | Population

40 Median Age

As of 2019, the median age of Florence County's residents was 40 which is slightly higher than the median age in
South Carolina (39.4). The median age has been steady over time, but has increased slightly in the past few
years. This increase mirrors state and national increases in median age as the graying of the Baby Boom generation
continues.

Median Household Income
$53,141

According to the Florence County Economic Development Partnership, the Median household income in Florence
County was $53,141 in 2022. This updated figure was extrapolated from Applied Geographic Solutions and GIS
Planning 2022, the TaxFoundation.Org 2021, and GIS Planning research. However, for statistical comparison for
neighboring counties, the most recent data from the census is shown below. These 2019 figures placed Florence
County, with a reported median income of $50,082, just slightly lower than the median household income in the
State of South Carolina, which was $53,199. The higher median household income in South Carolina is being
pulled up by higher income regions in South Carolina. Florence County does have one of the highest median
household income among its adjacent counties by a large margin, shared with Sumter County. A higher median
household income in a region can be attractive for some prospective businesses and retailers potentially looking
to locate within a County as it can indicate a higher “purchasing power.” Household income, as defined by the
Census Bureau, includes earnings (wages and salaries), Social Security payments, pensions, child support, public
assistance, annuities, money derived from rental properties, interest and dividends, and other sources.

Florence County, SC | Comprehensive Plan pg. 17