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Places/SC/Florence
County profile

Florence

United States · GDP 2024
#439 of 3,127 US counties by GDP73rd-percentile growthmore diversified than 48% of counties
EA Place Score
——
methodology in progress
GDP 2024 (USD)
$10.0B
GDP growth
+6.5%
Jobs tracked
67,074
Employers
3,282
Avg. wage
$50.1k
Population
138,504
Labor & formation
Unemployment
4.3%
Median HH income
$58.3k±$3.0k
Business applications
2,233 · 2025

Public companies headquartered here

SEC EDGAR · FMP
CompanySectorRevenueEA
1Citizens Bancshares Corp.Financial Services$61.5M52D2First Reliance Bancshares, Inc.Financial Services———

HQ-based placement with total (global) headcount — local employment attribution needs firmographic data; the industry mix at right is measured county data (CBP).

Industry mix · employment
Health care35%
Manufacturing18%
Retail trade17%
Food & accommodation15%
Admin & support8%
Wholesale trade7%
share of top-6 sector employment · CBP 2023
Population & migration
Census PEP · 2020–2025
138,504
residents · 2025 · +1.2% since 2020
Income per capita $58.2k · BEA 2024
COMPONENTS OF CHANGE · 2021–2025
Domestic migration+2,034
International migration+1,203
Natural change−1,578

GDP trend

2019–2024 · nominal
$7.5B
2019
$7.4B
2020
$8.1B
2021
$8.6B
2022
$9.4B
2023
$10.0B
2024

Real estate & risk

FHFA · ACS · FEMA
Median home value
$177.9k±$7.9k
Median gross rent
$954/mo±$29/mo
Vacancy rate
14.9%±1.2%
Affordability
3.6× wages
Residential permits
697 (5.0/1k pop)
FEMA risk score
89.6
HUD Fair Market Rent (2BR):$1.1k/mo · 2026
TOP PERILS · FEMA NRI
Hurricane 96Tornado 95Earthquake 93
FHFA HOUSE PRICE INDEX · 2016–2025
317
2016
321
2017
331
2018
336
2019
351
2020
379
2021
434
2022
469
2023
490
2024
531
2025
Filing activity
SEC EDGAR
10-KFirst Reliance Bancshares, Inc.03-31
10-QFirst Reliance Bancshares, Inc.11-14
8-KFirst Reliance Bancshares, Inc.10-27
8-KFirst Reliance Bancshares, Inc.08-14
10-QFirst Reliance Bancshares, Inc.08-07
8-KFirst Reliance Bancshares, Inc.07-23
8-KFirst Reliance Bancshares, Inc.06-10
10-QFirst Reliance Bancshares, Inc.05-13
8-KFirst Reliance Bancshares, Inc.04-30
DEF 14AFirst Reliance Bancshares, Inc.04-24
Wage trend
BLS QCEW · 2019–2023
$50.1k
avg. annual pay · +22% since 2019
Similar US counties
nearest by GDP
Washington$10.0BHoward$10.0BMadison$9.9BLa Crosse$9.9BHouston$9.9BBlack Hawk$10.0B
The read

Florence's economy produced $10.0B in 2024, growing 6.5% year over year — faster than most US counties. Its largest employment sector is health care.

GDP: BEA (2024), USD-normalized · Jobs/employers/wages & industry mix: Census CBP (2023) · Population & migration: Census PEP · Income: BEA CAINC1 · Companies: SEC EDGAR + FMP, by HQ.
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