Skip to main content

EconPulse

Local economy signal dashboard

Saved
PLACEThriving

Florence, KY

Thriving overall. Federal Funds is the clearest support signal, while population needs the most attention. Housing reads as affordable for a median-income household.

Post on XLinkedIn
Overall score69out of 100
Compare
58
80
52
69
87

Population

32,803

Data freshness

Unknown

GDP / Output

+2.7% YoY

58

$16.8B

Output changed +2.7% in 2024.

Vintage date unknown

State growth4.3%
U.S. growth5.3%

Jobs

Unemployment rate

80

3.1%

Unemployment is 3.1% for Latest available.

Vintage date unknown

State avg4.7%
U.S. avg5.2%

Population

+0.3% 5-year

52

32,803

Population moved +0.3% over the latest ACS window.

Vintage date unknown

State population4,534,824
U.S. population334,922,499

Housing

Rent share of income

69

22.5%

Median rent consumes 22.5% of median household income: Affordable.

Vintage date unknown

State rent$967
U.S. rent$1.4K
HUD_API_TOKEN missing; ACS median gross rent is used as the housing affordability fallback.

Federal Funds

$6.5K per resident

87

$879.5M

$879.5M in federal obligations flowed here in FY2025.

Vintage date unknown

State total$173.4B
U.S. total$5.3T

Population and output

Trend Snapshot

Reported share

Industry Breakdown

FY2025

Federal Money

Federal obligations

$879.5M

$6.5K per resident in reported federal flow.

Top agencies

Dollars
1. Social Security Administration$627.4M
2. Department of Veterans Affairs$73.5M
3. Department of Transportation$73.2M

Top recipients

Dollars
1. EXECUTIVE OFFICE OF THE COMMONWEALTH OF KENTUCKY$38.3M
2. KENTON COUNTY AIRPORT BOARD$34.1M
3. SAFRAN LANDING SYSTEMS$32.0M

Affordable

Housing Affordability

22.5%

of median income

1BR estimate$1,090
2BR estimate$1,435
Median income$71,003
Median home value$210,700

ACS context

Quick Facts

Population

32,803

Median age

38.9

Bachelor's degree+

26.4%

Poverty rate

9.5%

Labor force participation

63.5%

Prime rate

6.8%

CPI YoY

+3.2%

U.S. GDP YoY

+6.5%

Sources and warnings

Data Provenance

Census ACS 5-year

2024

BLS LAUS / CPS

Latest available

BEA regional CAGDP1

2024

USAspending

FY2025

FRED

2026-07-30

HUD Fair Market Rent

Latest available

Data notes
  • HUD_API_TOKEN missing; ACS median gross rent is used as the housing affordability fallback.

5-year compound growth

Historical Trends

Population CAGR

+0.1%

GDP CAGR

+6.0%

Federal flow

5 years

Population (5 years)
202032,721
202131,699
202232,056
202332,334
202432,803
GDP (5 years)
2020$12.5B
2021$13.9B
2022$15.5B
2023$16.3B
2024$16.8B

2-year linear forecast

Predictive Outlook

Population forecast

202432,803
202532,562 *
202632,642 *

R² = 7.5% · * projected

GDP forecast

2024$16.8B
2025$18.3B *
2026$19.4B *

R² = 95.3% · * projected

Linear regression over available historical data. Projections are estimates based on past trends and do not account for policy changes, economic shocks, or other external factors.

housing affordability breakdown

Cost of Living

Median household income$71,003/yr
Median rent$1,329/mo
Rent share of income22.5%
Est. mortgage (30yr, 6.5%)$12,785/yr
Mortgage share of income18.0%

Rent data from Census ACS 5-year. Mortgage estimate assumes 20% down, 6.5% APR, 30-year fixed.

employment snapshot

Job Market

Unemployment rate3.1%
State avg4.7%
U.S. avg5.2%
Labor force participation63.5%
Poverty rate9.5%

Data from BLS LAUS / CPS. Latest available.

valuation snapshot

Real Estate

Median home value$210,700
Median monthly rent$1,329
Price-to-rent ratio13.2x

Low price-to-rent ratio — buying may be more favorable than renting in this market.

composite score

Investment Climate

Investment climateModerate
Composite score65/100
Economic growth58/100
Labor market80/100
Population momentum52/100
Overall stability69/100

Composite score weighs economic growth, labor market health, population momentum, and overall stability. Not financial advice.

Location Context

Florence city, Kentucky

City/Town

Part of

Cincinnati, OH-KY-IN

Nearby locations

Oakbrook, KYElsmere, KYUnion, KYErlanger, KYBurlington, KY