Real Estate Information

The median property value in Florence, SC was $189,800 in 2023, which is 0.626 times smaller than the national average of $303,400. Between 2022 and 2023 the median property value increased from $175,700 to $189,800, a 8.03% increase. The homeownership rate in Florence, SC is 59.7%, which is approximately the same as the national average of 65%.

Household Income/Employment

In 2023, the median household income of the 16.5k households in Florence, SC grew to $56,433 from the previous year’s value of $56,031.

The most common employment sectors for those who live in Florence, SC, are Health Care & Social Assistance (3,581 people), Manufacturing (2,349 people), and Educational Services (2,036 people). This chart shows the share breakdown of the primary industries for residents of Florence, SC, though some of these residents may live in Florence, SC and work somewhere else.

 

Vehicle Information

  • Newcomers have 90 days after establishing residency to apply for  a driver’s license.  A new license costs $12.50 and is good for five years
  • License plate tags must be purchased within 45 days of establishing residency
  • The Department of Motor Vehicles is located at 3102 E. Palmetto St.  3102 E. Palmetto Street
    Florence , SC 29506. More Florence DMV information can be found below:
    Phone: 843-317-4007
    Weekdays Open: M-F
    Mon-Tues, Thurs-Friday Hours: 8:30-5:00
    Wednesday Hours: 9:30-5:00
    Saturday Hours: (Open occasional Saturdays, call ahead to ensure office is open) 8:30-1:00
    Dealer Central: No
    Driver License Issuing: Yes
    CDL Issuing: No
    Motorcycle License Issuing: M-F Only
    Road Test Appointments: 2:00-4:30
    IFTA/IRP: No
    International Customers: M-F Only
    Class E and F: Yes

Tax Information