Orivian

Florence · FY2023 municipal finance benchmarks

Fremont County · Southern Colorado · statutory city · Pop. 3,856 (2025 estimate); FY2023 per-resident figures use 3,850 · Census finance data FY2016, FY2021, FY2023

Latest Census Bureau finance data for Florence: FY2023. Retrieved Oct 2026. Newer years are added when the Census Bureau publishes them. Why the lag?

City website (opens in a new tab)

Compare

FY2023 in brief

Florence collected $2,262 per resident (including city-run utilities), 37% below the median of the 97 Colorado municipalities reporting that year, 65% below its peers. Tax revenue per resident sits 79% below its peers, and 55% below the state median. Debt per resident runs 44% below peers.

Generated from the figures below. Every number links to its Census source.

Compared with

Nearest on population, household income and region

FY2023 headline figures

Revenue per resident (definition)

$2,262
65% below peers
Includes city-owned utilities
Peer median
$6,486
CO median · 97 with a published figure
$3,580
Position
Higher than 19% of the 97 reporting
5-year changenominal dollars
Not enough history for a 5-year change
How Colorado compares on revenue per resident

Expenditures per resident (definition)

$1,535
73% below peers
Includes city-owned utilities
Peer median
$5,621
CO median · 91 with a published figure
$3,680
Position
Higher than 6% of the 91 reporting
5-year changenominal dollars
Not enough history for a 5-year change

Tax revenue per resident (definition)

$783
79% below peers
Peer median
$3,782
CO median · 90 with a published figure
$1,726
Position
Higher than 6% of the 90 reporting
5-year changenominal dollars
Not enough history for a 5-year change

Debt per resident (definition)

$3,058
44% below peers
Peer median
$5,491
CO median · 91 with a published figure
$2,130
Position
Higher than 67% of the 91 reporting
5-year changenominal dollars
Not enough history for a 5-year change
How Colorado compares on debt per resident

How this number was calculated

Revenue per resident · $2,262
Reported by the city to the Census Bureau

  1. 1Metric

    $2,262 Total revenue divided by population

    = Total revenue ÷ population

    Full definition: Revenue per resident

  2. 2Inputs

    Total revenue $8.7M ÷ population 3,850 (2023 estimate)

  3. 3Census line items

    • A03 Commercial activities (other) charges
    • A59 Natural resources charges
    • A61 Parks & recreation charges
    • A91 Water utility charges
    • C89 State aid
    • D89 Local government aid
    • T01 Property tax
    • T09 General sales tax
    • T15 Selective sales taxes (lodging, utilities, etc.)
    • T20 Licenses & permits
    • T24 Licenses & permits
    • T29 Licenses & permits
    • U20 Interest earnings
    • U30 Fines & forfeits
    • U50 Private donations
    • U99 Miscellaneous

  4. 4Source file

What the numbers mean

  • Florence runs city-owned utilities, which add 58.7% of its revenue. Cities that don't run utilities will look lower on revenue and spending per resident for that reason alone. What counts as utility revenue
  • With about 3,850 residents, small changes in Florence's budget move per-resident figures a lot. Compare several years, not one.

Where the money comes from and where it goes

Per resident, FY2023. Bars show Florence; the gold tick is the peer median. How categories work

The biggest difference from peers is General government: $309 per resident, 83% below the peer median. On the revenue side, sales tax is 78% below peers.

Money in

Revenue

$2,262
per resident65% below peers
Money in: Florence revenue per resident by category, FY2023, against the peer median. Open a category for its lines and Census item codes.
CategoryPer residentvs peers
$1,3293.1×peers $433
$49178% belowpeers $2,251
$20481% belowpeers $1,084
$9978% belowpeers $449
$8991% belowpeers $1,018
$3794% belowpeers $582
$1497% belowpeers $464
Peer median of 5 peers · Colorado median of 97 reporting

Money out

Spending

$1,535
per resident73% below peers
Money out: Florence spending per resident by category, FY2023, against the peer median. Open a category for its lines and Census item codes.
CategoryPer residentvs peers
$49936% belowpeers $775
$34063% belowpeers $923
$30983% belowpeers $1,771
$2182.1×peers $104
$1338% belowpeers $144
$35No peer comparisonpeers $0
None reported · peers $652$0None reported
Peer median of 5 peers · Colorado median of 91 reporting

Florence and its peers

The five Colorado municipalities nearest on population, median household income and region. Budget size isn’t a matching factor, so peers aren’t chosen on the figures being compared. Per resident, FY2023. How peers are chosen

Open in Compare
Florence compared with its peer municipalities, FY2023, per resident
MunicipalityRevenueExpendituresTax revenueSales taxDebt
FlorenceUtilities: City-owned utilities (water, electric, gas, transit) brought in 58.7% of total revenue in FY2023. Revenue and spending per resident include them, so cities that run their own utilities read higher than cities that don't.$2,262$1,535$783$491$3,058
WalsenburgUtilities: City-owned utilities (water, electric, gas, transit) brought in 17.4% of total revenue in FY2023. Revenue and spending per resident include them, so cities that run their own utilities read higher than cities that don't.$8,205$7,823$3,309$885$7,163
GlendaleUtilities: City-owned utilities (water, electric, gas, transit) brought in 4.6% of total revenue in FY2023. Revenue and spending per resident include them, so cities that run their own utilities read higher than cities that don't.Regional hub: Sales tax per resident is 4.0× the Colorado median.$9,366$8,167$7,601$4,604$2,626
Manitou SpringsUtilities: City-owned utilities (water, electric, gas, transit) brought in 6.7% of total revenue in FY2023. Revenue and spending per resident include them, so cities that run their own utilities read higher than cities that don't.Regional hub: Sales tax per resident is 1.9× the Colorado median.$6,486$5,576$3,800$2,251$3,819
EdgewaterUtilities: City-owned utilities (water, electric, gas, transit) brought in 10.4% of total revenue in FY2023. Revenue and spending per resident include them, so cities that run their own utilities read higher than cities that don't.Regional hub: Sales tax per resident is 1.6× the Colorado median.$2,629$2,952$1,949$1,862Not reported for this year
SheridanUtilities: City-owned utilities (water, electric, gas, transit) brought in 0.4% of total revenue in FY2023. Revenue and spending per resident include them, so cities that run their own utilities read higher than cities that don't.Regional hub: Sales tax per resident is 2.2× the Colorado median.$5,680$5,621$3,782$2,564$24,519
Peer median$6,486$5,621$3,782$2,251$5,491

Utilities marks a municipality whose revenue and spending include city-owned utilities (water, electric, gas, transit), which raises its per-resident totals.

Regional hub marks a municipality whose sales tax per resident is at least 1.5× the Colorado median: a shopping or visitor hub where people who live elsewhere pay much of the sales tax.

Trends

Every available fiscal year. Lines break where a year is missing or withheld; nothing is interpolated.

  • This city
  • Peer median
  • Withheld (shown on the axis, no value)
  • Colorado median (Census of Governments years only)
Revenue per resident
FY2016 $1,845 to FY2023 $2,262.$0$3.2K$6.5K’16’21’23Peer median FY2016: $4,187Peer median FY2021: $5,112Peer median FY2023: $6,486Colorado median FY2016: $1,746 (all 224 municipalities reporting)Colorado median FY2021: $2,476 (all 227 municipalities reporting)FY2016: $1,845FY2021: $1,567FY2023: $2,262

Fiscal year · nominal dollars, not adjusted for inflation

Peer group changed in FY2021, FY2023. Peers are matched each year, so the peer median can step when the group changes.

Show data table
Revenue per resident by fiscal year
YearThis cityPeer medianColorado median
FY2016$1,845$4,187$1,746 (224 reporting)
FY2021$1,567$5,112$2,476 (227 reporting)
FY2023$2,262$6,486$3,580 (97 reporting, sample year)
Expenditures per resident
FY2016 $1,749 to FY2023 $1,535.$0$2.8K$5.6K’16’21’23Peer median FY2016: $4,238Peer median FY2021: $3,924Peer median FY2023: $5,621Colorado median FY2016: $1,749 (all 224 municipalities reporting)Colorado median FY2021: $2,208 (all 227 municipalities reporting)FY2016: $1,749FY2021: $3,837FY2023: $1,535. Excludes equipment purchases and payments to other governments, which Census stopped reporting after FY2021.

Fiscal year · nominal dollars, not adjusted for inflation

Census definition change: Excludes equipment purchases and payments to other governments, which Census stopped reporting after FY2021.

Peer group changed in FY2021, FY2023. Peers are matched each year, so the peer median can step when the group changes.

Show data table
Expenditures per resident by fiscal year
YearThis cityPeer medianColorado median
FY2016$1,749$4,238$1,749 (196 reporting)
FY2021$3,837$3,924$2,208 (220 reporting)
FY2023$1,535$5,621$3,680 (91 reporting, sample year)
Tax revenue per resident
FY2016 $497 to FY2023 $783.$0$1.9K$3.8K’16’21’23Peer median FY2016: $2,115Peer median FY2021: $2,645Peer median FY2023: $3,782Colorado median FY2016: $705 (all 224 municipalities reporting)Colorado median FY2021: $1,072 (all 227 municipalities reporting)FY2016: $497FY2021: $652FY2023: $783

Fiscal year · nominal dollars, not adjusted for inflation

Peer group changed in FY2021, FY2023. Peers are matched each year, so the peer median can step when the group changes.

Show data table
Tax revenue per resident by fiscal year
YearThis cityPeer medianColorado median
FY2016$497$2,115$705 (193 reporting)
FY2021$652$2,645$1,072 (201 reporting)
FY2023$783$3,782$1,726 (90 reporting, sample year)
Debt per resident
FY2016 $3,577 to FY2023 $3,058.$0$3K$6.1K’16’21’23Peer median FY2016: $6,074Peer median FY2021: $3,691Peer median FY2023: $5,491Colorado median FY2016: $1,072 (all 224 municipalities reporting)Colorado median FY2021: $1,411 (all 227 municipalities reporting)FY2016: $3,577FY2021: $3,532FY2023: $3,058

Fiscal year · nominal dollars, not adjusted for inflation

Peer group changed in FY2021, FY2023. Peers are matched each year, so the peer median can step when the group changes.

Show data table
Debt per resident by fiscal year
YearThis cityPeer medianColorado median
FY2016$3,577$6,074$1,072 (220 reporting)
FY2021$3,532$3,691$1,411 (199 reporting)
FY2023$3,058$5,491$2,130 (91 reporting, sample year)

Questions about Florence’s finances

How much revenue does Florence collect per resident?
Florence collected $2,262 per resident in FY2023, 37% below the median of the 97 Colorado municipalities reporting that year. See the figure
How does Florence's spending per resident compare with similar cities?
Florence spent $1,535 per resident in FY2023, 73% below the median of its peers: Walsenburg, Glendale, Manitou Springs, Edgewater and Sheridan. See the figure
How much debt does Florence have per resident?
Florence carried $3,058 of debt per resident in FY2023, 44% below its peers' median. See the figure
Which cities is Florence compared with?
Florence is compared with Walsenburg, Glendale, Manitou Springs, Edgewater and Sheridan: the Colorado municipalities nearest to it on population, median household income and region. Budget size isn't used, so peers aren't chosen on the figures being compared. See the peer table
Where do these numbers come from?
From the U.S. Census Bureau's Annual Survey of State and Local Government Finances, as each government reported its own fiscal year, divided by Census population estimates. Figures that fail quality checks are withheld rather than shown. Sources and methodology

Community context

American Community Survey 5-year estimates and Census population estimates. Where the selected year isn’t available, the nearest earlier year is shown and labeled.

Population growth (5-yr)
−0.4%/yr
2023 estimate
Median household income
$57.2K
2023 estimate
Poverty rate
15.0%
2023 estimate
Median home value
$228.3K
2023 estimate
Housing vacancy rate
5.1%
2023 estimate

Explore further

Also in Southern Colorado

Revenue per resident, latest published year.

Sources

Dataset: Florence, CO municipal finance benchmarks

Free to reuse under CC BY 4.0 (opens in a new tab). Please credit “Source: Orivian Municipal Index, orivian.ai/benchmarks”. See the data use terms.

Notes: dollars are nominal (not inflation-adjusted). Colorado medians cover the municipalities reporting that year. Peers: nearest on population, income and region. Definitions: orivian.ai/benchmarks/methodology.Retrieved October 12, 2026 from orivian.ai/benchmarks.

Every figure on this page is read from the published index; nothing is recalculated for display. Read the methodology

General government is Florence’s largest difference from its peers (83% below the peer median in FY2023). See how that line moves month to month in your own budget-vs-actual.

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