Living in Franklin, Kentucky
Cost of living, income, home prices, rent and demographics of Franklin · Census data 2020–2024
Franklin has 10,360 residents with a median age of 35.8. The median household income is $59,052 (7% lower than the Kentucky median), the median home value is $195,400, the median rent is $1,010/month.
Franklin at a glance
- Population
- 10,360
- Median age
- 35.8State: 39.1
- Median household income
- $59,052State: $63,726
- Median home value
- $195,400State: $205,600
- Median rent
- $1,010/moState: $967
- Homeowners
- 55%
- Bachelor's degree or higher
- 15.5%
- Average commute
- 18 min
Is Franklin a good place to live?
Pros: Home values 5% lower than the state median; an average commute of 18 minutes.
Cons: Median household income 7% lower than the Kentucky median; unemployment of 6.2%; a poverty rate of 17.1%.
The weather is best in April–May and September–October.
Cost of living in Franklin
Housing is the biggest part of the cost of living. In Franklin the median home value is $195,400, 41% lower than the U.S. median. Renters pay a median of $1,010 per month, which is 27.7% of household income. Homeowners with a mortgage pay $1,246 a month in housing costs.
Franklin median household income
The median household income in Franklin is $59,052 and the income per person is $27,990. 17.1% of residents live below the poverty line (Kentucky: 16.1%).
Housing in Franklin: homes for sale and rent
- Housing units
- 4,233
- Owner-occupied
- 55%
- Renter-occupied
- 45%
- Vacant
- 5.7%Includes seasonal homes
- Median year built
- 1973
- Average household size
- 2.50
Franklin demographics
- Population
- 10,360
- Median age
- 35.8
- Under 18
- 24.4%
- 65 and older
- 16.3%
- Households
- 3,991
- Foreign-born
- 1.8%
- Veterans
- 6.4%Adults 18+
Hispanic or Latino can be of any race. Population history of Franklin ›
Education in Franklin
15.5% of adults 25 and older in Franklin have a bachelor's degree or higher (Kentucky: 27.6%), and 7.6% have a graduate or professional degree.
Jobs and commute in Franklin
- Unemployment rate
- 6.2%State: 4.9%
- Average commute
- 18 minState: 24 min
- Work from home
- 4.4%
- Drive alone
- 78.3%
- Public transit
- 0%
- Walk to work
- 3.4%
- Homes with broadband
- 89.9%
Franklin vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Franklin | 10,360 | $59,052 | $195,400 | $1,010 |
| Mitchellville | 176 | $40,000 | $157,800 | $1,135 |
| Portland | 13,449 | $72,647 | $282,200 | $1,141 |
| Woodburn | 319 | $85,625 | $181,300 | — |
| Orlinda | 1,214 | $84,250 | $355,400 | $1,531 |
| Auburn | 1,794 | $53,897 | $122,900 | $776 |
| Plano | 1,290 | $80,188 | $226,300 | — |
| Cross Plains | 1,922 | $76,319 | $320,400 | $1,153 |
| New Deal | 226 | $55,357 | $261,500 | — |
More for people moving to Franklin
Franklin ZIP code ›Weather and climate ›Living in Franklin: FAQ
What is the median household income in Franklin, KY?
The median household income in Franklin is $59,052, 7% lower than the Kentucky median of $63,726 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Franklin?
The median home value in Franklin is $195,400, compared with $205,600 in Kentucky.
How much is rent in Franklin?
The median gross rent in Franklin is $1,010 per month, about 27.7% of household income.
Is Franklin, KY a good place to live?
Pluses: home values 5% lower than the state median; an average commute of 18 minutes. Minuses: median household income 7% lower than the Kentucky median; unemployment of 6.2%; a poverty rate of 17.1%.
What is the median age in Franklin?
The median age in Franklin is 35.8 years (Kentucky: 39.1).
How long is the commute in Franklin?
The average commute to work in Franklin is 18 minutes; 4.4% of workers work from home.
What is the unemployment rate in Franklin?
The unemployment rate in Franklin is 6.2% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Franklin?
15.5% of adults in Franklin have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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