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Franklin, KY
Full City Profile · Kentucky · Simpson County County
2.9
/5.0
C+
Fair
10,254
Population
680/sq mi density
$55,552
Median Income
$24,651 per capita
$170,400
Home Value
$243,755 Zillow
$1,034
Median Rent
28.4% income on rent
58°F
Avg Temperature
299 sunny days/yr
232
Violent Crime/100K
2,767 property/100K
C+
Overall
2.9 / 5.0
Fair overall score based on economy, affordability, safety and education
B+
Economy
3.7 / 5.0
$55,552 median income, 3.0% unemployment
A+
Affordability
5.0 / 5.0
$170,400 home value, $1,034/mo rent
F
Safety
1.0 / 5.0
232 violent crimes/100K
C
Education
2.1 / 5.0
13.4% bachelor's degree or higher
Income Overview
Median Household Income
$55,552
26% below
US avg: $75,149
Per Capita Income
$24,651
37% below
US avg: $39,052
Unemployment Rate
3.0%
17% below
US avg: 3.6%
Poverty Rate
11.0%
11% below
US avg: 12.4%
Income Comparison: Franklin vs. U.S. Average
Each bar shows Franklin’s value as a percentage of the national average (100% line = U.S. avg)
Median Household
US: $75,149
$55,552
74%
Per Capita
US: $39,052
$24,651
63%
IRS Avg AGI
US: $72,000
$58,499
81%
Avg Weekly Wage
US: $1,432
$1,002
70%
Thin line = U.S. average (100%)
Employment & Commute
Avg Weekly Wage
$1,002
30% below US avg ($1,432)
Mean Commute Time
19 min
32% below US avg (28 min)
Work From Home
5.3%
65% below US avg (15.2%)
Drive Alone
76.1%
4% above US avg (73.2%)
Public Transit
0.0%
100% below US avg (5.0%)
County GDP
$1,226M
County-level GDP (BEA 2024)
How Residents Get to Work
Drive Alone
76.1%
Public Transit
0%
Work From Home
5.3%
Other
18.6%
Average commute time
19 minutes
US avg: 28 min
Business Landscape
Total Establishments
706
Restaurants
56
Healthcare
33
Retail
80
Manufacturing
33
Tax & Financial
IRS Avg Adjusted Gross Income
$58,499
19% below US avg ($72,000)
Avg Property Tax
$2,297
34% below US avg ($3,500)
Cost of Living Index
90.2
Below national average (100 = US avg)
Complete Economy Data
Income & Wages
| Median Household Income | $55,552 |
| Per Capita Income | $24,651 |
| IRS Avg Adjusted Gross Income | $58,499 |
| Avg Weekly Wage | $1,002 |
| County GDP | $1,226M |
Hardship Indicators
| Unemployment Rate | 3.0% |
| Poverty Rate | 11.0% |
| Gini Coefficient | 0.421 |
| Cost of Living Index | 90.2 |
Commute
| Mean Commute | 19 minutes |
| Drive Alone | 76.1% |
| Public Transit | 0.0% |
| Work From Home | 5.3% |
Businesses
| Total Establishments | 706 |
| Restaurants | 56 |
| Healthcare | 33 |
| Retail | 80 |
| Manufacturing | 33 |
Tax
| IRS Avg AGI | $58,499 |
| Avg Property Tax | $2,297 |