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Franklin, IN

Full City Profile · Indiana · Johnson County County

3.3 /5.0
B Good
25,999 Population 1,660/sq mi density
$77,305 Median Income $34,379 per capita
$212,500 Home Value $275,231 Zillow
$1,127 Median Rent 28.2% income on rent
52°F Avg Temperature 293 sunny days/yr
369 Violent Crime/100K 2,028 property/100K
B
Overall
3.3 / 5.0
Good overall score based on economy, affordability, safety and education
A
Economy
4.3 / 5.0
$77,305 median income, 2.5% unemployment
A+
Affordability
5.0 / 5.0
$212,500 home value, $1,127/mo rent
F
Safety
1.0 / 5.0
369 violent crimes/100K
C+
Education
3.0 / 5.0
24.6% bachelor's degree or higher

Change Over Time (2013–2023)

Population Change
+7.7%
24,135 → 25,989
over 10 years
Annual Pop. Growth
+0.74%
Compound annual growth rate
Median Income Change
+59.7%
$48,415 → $77,305
nominal, not inflation-adjusted
Annual Income Growth
+4.79%
Compound annual growth rate

Population Over Time

Total population for Franklin across each available Census ACS release.

Median Household Income Over Time

Median household income reported by U.S. Census ACS. Values are nominal (not adjusted for inflation).

Projected 2030

Simple projections extrapolating the 2013–2023 compound annual growth rate forward. These are mathematical extensions of recent trends, not forecasts — real outcomes depend on migration, policy and economic shifts.

Projected Population 2030
27,365
+1,376 from 2023 (25,989)
Projected Median Income 2030
$107,262
+$29,957 from 2023 ($77,305)

Year-by-Year Detail

Year Population YoY % Median Income YoY %
2013 24,135 $48,415
2015 24,507 +1.5% $51,033 +5.4%
2017 24,977 +1.9% $56,367 +10.5%
2019 25,613 +2.5% $59,930 +6.3%
2021 25,437 -0.7% $63,518 +6%
2023 25,989 +2.2% $77,305 +21.7%
Source: U.S. Census ACS 5-Year Estimates (Data Commons). Home value and rent are not yet available historically.