Median Household Income
$63,245
Median Home Value
$256,600
Median Gross Rent
$988/mo
Poverty Rate
19.3%
Unemployment Rate
7.9%
Homeownership Rate
53.9%
Bachelor's Degree or Higher
27.3%
Median Age
38.3
Population Over Time
Franklin city shrank 3.3% from 2014 to 2024.
2014
8,534
2016
8,413
2018
8,211
2020
8,015
2022
8,194
2024
8,250
Business & Industry
Franklin city has 263 business establishments employing 3,369 people.
Health care and social assistance
58
Other services (except public administration)
34
Accommodation and food services
29
Finance and insurance
20
Real estate and rental and leasing
14
Professional, scientific, and technical services
11
Administrative and support and waste management and remediation services
9
Wholesale trade
7
Establishments by industry sector. Source: U.S. Census Bureau, County Business Patterns.
Source: U.S. Census Bureau, American Community Survey, ACS 2020-2024.