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2024 Compare Cities Economy:
Florence, KY vs Richmond, KY

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Highlights
- Household income in Richmond, is 38% less than it is in Florence and is 72% below the National Average.
- Florence unemployment rate is 4.3%.
- Richmond unemployment rate is 4.9%.

Economy
 Florence, KYRichmond, KYUnited States
 Unemployment Rate4.3%4.9%6.0%
 Recent Job Growth1.9%1.1%1.6%
 Future Job Growth40.0%33.2%33.5%
 Sales Taxes6.0%6.0%6.2%
 Income Taxes8.5%8.0%4.6%
 Income per Cap.$34,793$23,945$37,638
 Household Income$64,718$40,221$69,021
 Family Median Income$77,070$63,453$85,028
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 Est. Households By Income
 Florence, KYRichmond, KYUnited States
 Income Less Than 15K5.5%19.7%9.4%
 Income between 15K and 20K4.9%5.7%3.8%
 Income between 20K and 30K8.8%10.4%8.1%
 Income between 30K and 40K8.8%14.0%8.0%
 Income between 40K and 50K9.3%7.2%7.6%
 Income between 50K and 60K7.6%7.9%7.2%
 Income between 60K and 75K13.7%7.8%9.6%
 Income between 75K and 100K12.8%10.9%12.8%
 Income between 100K and 150K18.1%10.3%16.3%
 Income between 150K and 200K6.0%3.8%7.8%
 Income greater than 200K4.5%2.3%9.5%
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 Population By Occupation
 Florence, KYRichmond, KYUnited States
 Management, business, finance14.5%9.9%16.4%
 Engineering, computers, science4.3%5.0%6.5%
 Community, social services1.7%2.3%1.8%
 Legal0.4%0.5%1.2%
 Education, library5.6%7.5%6.2%
 Arts, design, media, sports, entertainment1.2%2.2%2.0%
 Healthcare practitioners and technology4.6%5.2%6.2%
 Healthcare support3.0%3.0%3.3%
 Firefighters, law enforcement2.2%3.9%2.1%
 Food preparation, serving5.4%9.7%5.4%
 Building maintenance3.5%3.9%3.6%
 Personal care1.9%3.6%2.6%
 Sales, office, administrative support19.4%22.1%20.9%
 Farming, fishing, forestry0.0%0.0%0.6%
 Construction, extraction, maintenance/repair8.5%5.7%8.1%
 Production, transportation, material moving24.0%15.5%13.1%

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Reviews for Florence    5 Reviews

It's a great place to live if you are a redneck. Really, when you cross over from Ohio it's like going to another country. I grew up here and spent my formative  More

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Over 9 years ago

Northern Kentucky is just too far north for me. Too much influence from Ohio. I'm a southern girl at heart and I'm looking to get down to the true south.  More

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Raised in Northern kentucky my entire life, I moved to San Antonio Texas last year at age 19. I am now 20, and have a soft spot for Florence... It's a suburban culture,  More

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Reviews for Richmond    4 Reviews

Over 6 years ago

Keep this between us... Richmond is a hidden gem. A small university town close to a large city (Lexington is 30 minutes away) and less than two hour from very large  More

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For a smallish town, Richmond offers a convenient location and great small restaurants. Fortunately it is also wedged between Lexington and little Berea, both with more  More

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Over 15 years ago

Major university town of small size (30,000), and conveniently located 30 miles from Lexington,  More

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ZIPS IN FLORENCE, KENTUCKY
41042
ZIPS IN RICHMOND, KENTUCKY
40475

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