Personal loans in Florence, SD

With an estimated 334 residents, Florence is the 147th-largest of 309 places in South Dakota. The next larger city is Watertown, SD about 13 miles away. When South Dakota caps or restricts a product, lenders either change the terms or withdraw it from Florence as from the rest of the state. Work out your debt-to-income ratio first; lenders weigh it heavily, and Florence's 334 residents are no exception.

Local context for Florence

Set out below is Florence's local context next to the state-level rules that reach every lender here.

• Population: the Census counts 334 residents in Florence (Vintage 2023 subcounty estimate), the 147th-largest figure among South Dakota's 309 places.
• Population trend: Higher by roughly 0.3% since the 2020 count.
• Change in people: the 2020-to-2023 comparison is a gain of about 1 residents.
• Size percentile: roughly 52% of South Dakota places rank below Florence.
• Land and density: 0.7 square miles of land carry roughly 482 residents per square mile.
• Land area: Florence covers 0.7 square miles, the 142nd-largest area among South Dakota's 309 places.
• Share of South Dakota: Florence holds about 0.1% of the state's population, some 334 people.
• National rank: Florence is 14,749th of 19,457 places nationwide.
• Growth in South Dakota: Florence stands 128th by percentage change from 2020 to 2023, among 309 places.
• Versus South Dakota: the state average change is +0.9%, while Florence moved 0.3%.
• Density rank: Florence places 173rd among South Dakota's places by people per square mile.
• Density in context: Florence's 482 people per square mile sit against a South Dakota median of 581.
• Location: latitude 45.0548, longitude -97.3263 (Census Gazetteer).
• Nearest larger cities: Watertown (13 mi); Waubay (19 mi); Webster (22 mi); Clark (23 mi); Castlewood (27 mi). Living near a larger metro rarely changes what is available in Florence.
• Nearest smaller towns: Wallace (8 mi); Henry (14 mi); Garden City (14 mi).
• Within a 50-mile radius: 50 smaller Census places.
• Within 100 miles: 99 places are larger than Florence.

How a Florence personal loan is priced

With roughly 334 residents, Florence is a small community; its personal loans are typically unsecured, priced from your credit rather than the city's size. The APR tracks your credit score rather than Florence's rank of 147th in South Dakota: a strong file may earn a single-digit rate, while damaged credit can push the rate far higher. A longer term lowers the monthly payment on a Florence loan but raises total interest, so the smallest payment is not the cheapest loan.

What to do before borrowing in Florence

A sensible order of operations for a loan in Florence, home to about 334 people:

1. Order your free credit reports and dispute anything inaccurate — it is the cheapest way to move the rate you are offered.
2. Use the loan calculator to test the payment on your intended amount and term.
3. Collect three or more offers and compare them on APR, not on the advertised rate.
4. Check the South Dakota regulator's records to confirm the lender is licensed here.
5. Test the payment against your current bills before you commit.
6. Weigh a shorter term's higher payment against the interest it saves.
7. Borrow only what the purpose requires, not the maximum you are offered.

What differs between Florence and the rest of South Dakota is not the process but the borrower's own file, among the 334 people here.

The geography behind Florence

Inside Florence's boundaries lie about 0.7 square miles of land, with no significant water area recorded. Spread across it are roughly 482 residents per square mile. The state's population centre of gravity, Sioux Falls, is roughly 109 miles away. Counting outward 50 miles, 20 larger communities surround Florence. Within the same 50 miles lie 50 smaller Census places.

How South Dakota law applies in Florence

Read the table as a lender's compliance picture for Florence: the rule, the sourced figure, the publisher and the date.

Florence in state context

Among South Dakota's 309 places, Florence sits at 147th for population, a share of roughly 0.1% of the state. On the 2020-to-2023 trend, Florence stands 128th among South Dakota's 309 places — roughly the 59th percentile. By density, at about 482 people per square mile, it ranks 173rd in South Dakota. The population moved by about 1 people between 2020 and 2023, a 0.3% shift.