Florence is located in southwest Minnesota. Florence is between the Pipestone, Lincoln, Lyon county. Florence has 0.27 square miles of land area and has no water area. As of 2010-2014, the total Florence population is 28, which has shrunk 54.10% since 2000. The population growth rate is much lower than the state average rate of 9.44% and is much lower than the national average rate of 11.61%. Florence median household income is $56,250 in 2010-2014 and has grown by 30.43% since 2000. The income growth rate is about the same as the state average rate of 29.12% and is higher than the national average rate of 27.36%. Florence median house value is $87,500 in 2010-2014 and has grown by 158.88% since 2000. The house value growth rate is much higher than the state average rate of 51.31% and is much higher than the national average rate of 46.91%. As a reference, the national Consumer Price Index (CPI) inflation rate for the same period is 26.63%. On average, the public school district that covers Florence is much better than the state average in quality.