Median Household Income
$82,380 ± $7,285
Median Home Value
$231,500 ± $10,439
Median Gross Rent
$1,186 ± $105/mo
Per Capita Income
$37,366
Poverty Rate
11.0%
Unemployment Rate
3.8%
Homeownership Rate
65.7%
Bachelor's Degree or Higher
27.8%
Median Age
34.5
Average Commute
22 min
Households
9,590
Veterans
985
Population Over Time
Franklin grew 8.2% from 2014 to 2024.
2014
24,193
2016
24,021
2018
24,813
2020
25,276
2022
26,073
2024
26,168
Population by Race & Ethnicity
White
90.3%
Hispanic or Latino
2.7%
Black or African American
3.0%
Asian
1.5%
Nearby Cities in Indiana
Source: U.S. Census Bureau, American Community Survey, ACS 2020-2024. Estimates carry a margin of error (shown as ±) inherent to ACS's sample-based methodology.