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Franklin, VA
Full City Profile · Virginia · Franklin city County
3.2
/5.0
B
Good
8,212
Population
992/sq mi density
$65,125
Median Income
$31,838 per capita
$227,200
Home Value
$240,233 Zillow
$995
Median Rent
26.4% income on rent
59°F
Avg Temperature
305 sunny days/yr
203
Violent Crime/100K
3,697 property/100K
B
Overall
3.2 / 5.0
Good overall score based on economy, affordability, safety and education
B+
Economy
3.9 / 5.0
$65,125 median income, 2.8% unemployment
A+
Affordability
4.7 / 5.0
$227,200 home value, $995/mo rent
F
Safety
1.0 / 5.0
203 violent crimes/100K
B
Education
3.1 / 5.0
26.4% bachelor's degree or higher
Income Overview
Median Household Income
$65,125
13% below
US avg: $75,149
Per Capita Income
$31,838
18% below
US avg: $39,052
Unemployment Rate
2.8%
22% below
US avg: 3.6%
Poverty Rate
10.3%
17% 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
$65,125
87%
Per Capita
US: $39,052
$31,838
82%
IRS Avg AGI
US: $72,000
$55,112
77%
Avg Weekly Wage
US: $1,432
$800
56%
Thin line = U.S. average (100%)
Employment & Commute
Avg Weekly Wage
$800
44% below US avg ($1,432)
Mean Commute Time
21 min
25% below US avg (28 min)
Work From Home
3.4%
78% below US avg (15.2%)
Drive Alone
86.0%
17% above US avg (73.2%)
Public Transit
0.1%
97% below US avg (5.0%)
How Residents Get to Work
Drive Alone
86%
Public Transit
0.1%
Work From Home
3.4%
Other
10.5%
Average commute time
21 minutes
US avg: 28 min
Business Landscape
Total Establishments
320
Restaurants
28
Healthcare
52
Retail
56
Manufacturing
5
Tax & Financial
IRS Avg Adjusted Gross Income
$55,112
23% below US avg ($72,000)
Avg Property Tax
$2,821
19% below US avg ($3,500)
Cost of Living Index
101.1
Above national average (100 = US avg)
Complete Economy Data
Income & Wages
| Median Household Income | $65,125 |
| Per Capita Income | $31,838 |
| IRS Avg Adjusted Gross Income | $55,112 |
| Avg Weekly Wage | $800 |
Hardship Indicators
| Unemployment Rate | 2.8% |
| Poverty Rate | 10.3% |
| Gini Coefficient | 0.434 |
| Cost of Living Index | 101.1 |
Commute
| Mean Commute | 21 minutes |
| Drive Alone | 86.0% |
| Public Transit | 0.1% |
| Work From Home | 3.4% |
Businesses
| Total Establishments | 320 |
| Restaurants | 28 |
| Healthcare | 52 |
| Retail | 56 |
| Manufacturing | 5 |
Tax
| IRS Avg AGI | $55,112 |
| Avg Property Tax | $2,821 |