Franklin, KY
Full City Profile · Kentucky · Simpson County County
2.8
/5.0
C+
Fair
10,254
Population
680/sq mi density
$55,552
Median Income
$24,651 per capita
$170,400
Home Value
$248,924 Zillow
$1,034
Median Rent
28.4% income on rent
58°F
Avg Temperature
152
Violent Crime/100K
938 property/100K
C+
Overall
2.8 / 5.0
Fair overall score based on economy, affordability, safety and education
B
Economy
3.3 / 5.0
$55,552 median income, 5.5% unemployment
A+
Affordability
5.0 / 5.0
$170,400 home value, $1,034/mo rent
F
Safety
1.0 / 5.0
152 violent crimes/100K
C
Education
2.1 / 5.0
13.4% bachelor's degree or higher
Change Over Time (2013, 2023)
Population Change
+21.3%
8,636 → 10,477
over 10 years
Annual Pop. Growth
+1.95%
Compound annual growth rate
Median Income Change
+83%
$30,355 → $55,552
nominal, not inflation-adjusted
Annual Income Growth
+6.23%
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
11,994
+1,517 from 2023 (10,477)
Projected Median Income 2030
$84,807
+$29,255 from 2023 ($55,552)
Year-by-Year Detail
| Year | Population | YoY % | Median Income | YoY % |
|---|---|---|---|---|
| 2013 | 8,636 | - | $30,355 | - |
| 2015 | 8,731 | +1.1% | $31,629 | +4.2% |
| 2017 | 8,784 | +0.6% | $32,977 | +4.3% |
| 2019 | 9,001 | +2.5% | $42,620 | +29.2% |
| 2021 | 10,133 | +12.6% | $51,324 | +20.4% |
| 2023 | 10,477 | +3.4% | $55,552 | +8.2% |
Source: U.S. Census ACS 5-Year Estimates (Data Commons). Home value and rent are not yet available historically.